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GAIL (India) rises on inking term sheet with TruAlt Bioenergy

04 Jan 2024 Evaluate

GAIL (India) is currently trading at Rs. 163.10, up by 1.00 points or 0.62% from its previous closing of Rs. 162.10 on the BSE.

The scrip opened at Rs. 162.30 and has touched a high and low of Rs. 165.70 and Rs. 162.30 respectively. So far 703855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.35 on 01-Jan-2024 and a 52 week low of Rs. 91.00 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 169.35 and Rs. 158.05 respectively. The current market cap of the company is Rs. 107568.63 crore.

The promoters holding in the company stood at 51.91%, while Institutions and Non-Institutions held 41.80% and 6.30% respectively.

GAIL (India) and TruAlt Bioenergy have signed a Term Sheet for GAIL's equity participation in TruAlt's joint venture company Leafinti Bioenergy which owns and operates India's second Compressed Bio Gas (CBG) plant. 

TruAlt Bioenergy and GAIL India shareholding in the JV would be 51 % and 49% respectively. The Investment in setting up the CBG plants will exceed over $72 million and will be funded through a combination of debt and equity. However, this will be subject to favourable outcome of due diligence and requisite approvals. 

The JV aims to create a robust ecosystem for the production of CBG from diverse waste and biomass sources alongside the growing potential CNG. 

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.


GAIL India Share Price

165.60 0.65 (0.39%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 165.60
Gujarat Gas 383.05
Indraprastha Gas 164.55
Mahanagar Gas 1129.20
Adani Total Gas 627.00
View more..

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