GAIL (India) is currently trading at Rs. 347.45, up by 2.75 points or 0.80% from its previous closing of Rs. 344.70 on the BSE.
The scrip opened at Rs. 344.70 and has touched a high and low of Rs. 347.55 and Rs. 342.40 respectively. So far 6510 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. 352.70 and Rs. 326.15 respectively. The current market cap of the company is Rs. 43591.23 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, state-run gas utility firm has entered into a memorandum of understanding (MoU) with Paradip Port Trust for setting up of an LNG Terminal at Paradip Port at an estimated cost of Rs 3,108 crore. This new project would have an initial capacity of four million tonne per annum (mtpa) in Phase-I, reaching a peak capacity of 4.8 mtpa, with a storage capacity of 170,000 cubic metres. The Phase-I of the project is targeted to be completed by 2017.
Out of total investment of Rs 3,108 crore, GAIL will invest Rs 2,458 crore, while Paradip Port Trust is expected to pump in Rs 650 crore in breakwater and dredging. In Phase-II four mtpa capacity will be added (peak capacity- 4.8 mtpa), raising the terminal's total capacity to 8-10 mtpa.
Recently, GAIL India has offloaded part of its 4.6% stake in Hong Kong-listed city gas distribution firm China Gas Holdings for about Rs 385 crore. The gas utility has sold 60 million shares in the Chinese company and kept rest of the share with itself that will help it to retain its board position in China Gas Holdings.
Company Name | CMP |
---|---|
GAIL India | 201.20 |
Petronet LNG | 306.90 |
Linde India | 7680.00 |
Confidence Petroleum | 89.03 |
Refex Industries | 156.15 |
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