GAIL India is currently trading at Rs. 356.10, up by 4.50 points or 1.28% from its previous closing of Rs. 351.60 on the BSE.
The scrip opened at Rs. 352.10 and has touched a high and low of Rs. 359.00 and Rs. 352.10 respectively. So far 3,908 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 445.00 on 28-Oct-2011 and a 52 week low of Rs. 303.10 on 18-May-2012.
Last one week high and low of the scrip stood at Rs. 370.50 and Rs. 350.50 respectively. The current market cap of the company is Rs. 45,170.00 crore.
The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.53% and 3.28% respectively.
Country’s leading gas transporter and marketer, GAIL India has inked an LNG supply agreement with Spain based Gas Natural Fenosa (GNF) whereby over the period of next three years GNF shall ensure a total supply of about 3 bcm (billion cubic meters) of LNG to GAIL. The Spanish multinational will begin supply of LNG from January 2013 and will be its largest contract in this region.
Besides, in order to explore joint development of energy projects in India, both the companies have signed an industrial cooperation agreement. Gail India and GNF would collaborate opportunities in gas distribution, wholesale marketing and infrastructures in India as well as in projects abroad.
Further, in the coming years this agreement will enable GNF to establish a framework for co-operation with GAIL and leverage its expertise of operating in the energy markets of Spain, Latin America, etc, in the promising Indian LNG market.
Indian market is facing shortage of natural gas and this agreement with GNF will be another attempt by the company to bridge this gap.
| Company Name | CMP |
|---|---|
| GAIL India | 167.45 |
| Gujarat Gas | 408.00 |
| Indraprastha Gas | 170.10 |
| Mahanagar Gas | 1179.60 |
| Adani Total Gas | 644.20 |
| View more.. | |
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