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GAIL (India) rises on planning to set up 1500 KTA Ethane Cracker project in Madhya Pradesh

11 Jun 2024 Evaluate

GAIL (India) is currently trading at Rs. 212.20, up by 4.15 points or 1.99% from its previous closing of Rs. 208.05 on the BSE.

The scrip opened at Rs. 208.50 and has touched a high and low of Rs. 214.25 and Rs. 206.00 respectively. So far 1501357 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 233.00 on 03-Jun-2024 and a 52 week low of Rs. 103.20 on 23-Jun-2023.

Last one week high and low of the scrip stood at Rs. 217.65 and Rs. 183.25 respectively. The current market cap of the company is Rs. 139819.49 crore.

The promoters holding in the company stood at 51.90%, while Institutions and Non-Institutions held 41.36% and 6.75% respectively.

GAIL (India) is planning to set up 1500 KTA Ethane Cracker Project at an investment of around Rs 60,000 crore in Madhya Pradesh, having product slate of various ethylene derivatives. GAIL has submitted its request to the Madhya Pradesh State Government for providing suitable enablers for the project. Around 800 hectares of land shall be provided by the MP Industrial Development Corporation, for which state government has already initiated the process. Investment approval from GAIL's Board shall be sought after favourable outcome on enablers.  

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

160.80 3.10 (1.97%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 160.80
Gujarat Gas 374.25
Indraprastha Gas 167.25
Mahanagar Gas 1136.55
Adani Total Gas 614.85
View more..

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