GAIL India is currently trading at Rs. 107.00, up by 0.50 points or 0.47% from its previous closing of Rs. 106.85 on the BSE.
The scrip opened at Rs. 104.80 and has touched a high and low of Rs. 107.20 and Rs. 102.45 respectively. So far 161427 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.20 on 19-Mar-2019 and a 52 week low of Rs. 98.45 on 02-Mar-2020.
Last one week high and low of the scrip stood at Rs. 111.05 and Rs. 98.45 respectively. The current market cap of the company is Rs. 47920.26 crore.
The promoters holding in the company stood at 52.13%, while Institutions and Non-Institutions held 43.26% and 4.60% respectively.
The Central government has reportedly allowed GAIL (India) to exit as a unit from the Cochin Port Trust Special Economic Zone (CSEZ) in Puthuvypeen, Ernakulam, after repaying duty benefits it has availed so far. The company failed to meet the requirement of being a net foreign exchange earner (NFE).
The Cochin Port Trust, developer of the SEZ, and the three co-developers - Petronet LNG, Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOCL) - have been given a year’s time to bring another unit into the zone that has a direct relationship with their activities, failing which the zone will lose its SEZ status. It is necessary for a new unit to come up after the exit of GAIL as it was the only operational unit in the SEZ. Without a functional unit, the zone will cease to exist.
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.
Company Name | CMP |
---|---|
GAIL India | 208.00 |
Petronet LNG | 308.75 |
Linde India | 8320.00 |
Confidence Petroleum | 90.46 |
Refex Industries | 168.20 |
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