Gail rises on inking gas cooperation agreement with Government of Bihar

GAIL (India) Ltd. | Gas Transmission/Marketing | Oil & Gas | BSE: 532155 | NSE: GAIL

24 Oct 2013 Evaluate

Gail (India) is currently trading at Rs. 348.00, up by 1.75 points or 0.51% from its previous closing of Rs. 346.25 on the BSE.

The scrip opened at Rs. 342.05 and has touched a high and low of Rs. 348.90 and Rs. 342.05 respectively. So far 9,640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.00 on 18-Jan-2013 and a 52 week low of Rs. 273.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 350.00 and Rs. 323.25 respectively. The current market cap of the company is Rs. 44,123.00 crore.

The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.75% and 2.60% respectively.

Gail (India) has signed a Gas Cooperation Agreement (GCA) for Natural Gas Infrastructure and City Gas Distribution with the Department of Industries, Government of Bihar. Under the provisions of the GCA, GAIL and the Bihar Government will evaluate the feasibility for cooperation for the development of the use of eco-friendly fuel, especially natural gas, in the state as well as development of natural gas distribution and city gas infrastructure in identified urban areas and cities after obtaining due authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB).

The company is constructing the 2,050 km Haldia - Jagdishpur pipeline from transmission and distribution of natural gas, of which about 621 km will pass through 14 districts of Bihar. The mainline of the Haldia Jagdishpur will cover 04 districts of Bihar such as Kaimur, Rohtas, Aurangabad, Gaya and 10 districts for the spur lines. GAIL will explore the possibility of City Gas Distribution in major towns of Bihar along this pipeline route.

GAIL and Industries Department, Bihar will also work towards promotion of joint venture for City Gas Distribution projects for domestic, commercial, industrial and transport sectors with the participation of GAIL or its wholly owned subsidiary GAIL Gas and concerned departments of the Bihar Government, other state agencies or private players.

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
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