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GAIL rises on inking MoU with Indian Railways

31 Aug 2018 Evaluate

GAIL (India) is currently trading at Rs. 380.40, up by 4.25 points or 1.13% from its previous closing of Rs. 376.15 on the BSE.

The scrip opened at Rs. 378.00 and has touched a high and low of Rs. 384.00 and Rs. 378.00 respectively. So far 39946 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.80 on 16-Aug-2018 and a 52 week low of Rs. 279.75 on 31-Aug-2017.

Last one week high and low of the scrip stood at Rs. 394.80 and Rs. 363.10 respectively. The current market cap of the company is Rs. 84824.49 crore.

The promoters holding in the company stood at 53.34%, while Institutions and Non-Institutions held 42.34% and 4.32% respectively.

GAIL India and Indian Railways have signed Memorandum of Understanding (MoU) to expand usage of environment-friendly fuel, natural gas across all applications of the Indian Railways. This partnership will pave the way for supply of natural gas to Railway workshops, integral coach factories, loco workshops, DEMU sheds, etc. located along the existing and upcoming pipeline networks of GAIL. Along the prestigious eastern India pipeline project under execution- Pradhan Mantri Urja Ganga network alone there is a scope to supply natural gas to over 10 workshops of Indian Railways and shall be connected in a phased manner.

MoU between the two leading organisations of the country is a step towards fulfilling Central Government’s vision of developing a Gas-based economy in India and progress towards expanding the share of natural gas in the energy mix from 6.5 % to 15 %. This endeavour shall reduce carbon foot-prints of IR and contribute positively towards achieving COP21 commitments.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

GAIL India Share Price

166.50 -0.95 (-0.57%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 166.50
Gujarat Gas 396.55
Indraprastha Gas 166.25
Mahanagar Gas 1171.95
Adani Total Gas 633.70
View more..

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