MoneyWorks4Me

Gail (India) sells part of stake in China Gas Holdings

30 Oct 2013 Evaluate

Gail (India) has sold 60 million shares out of 210 million shares held in China Gas Holdings at HK$ 8.20 per share.

Further, as on October 25, 2013, Ministry of Petroleum & Natural has informed that under-recovery burden on GAIL for the financial year 2013-14 is provisionally fixed at Rs 1,400 crore.

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.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 224.10
Indraprastha Gas 145.25
Mahanagar Gas 1047.25
Adani Total Gas 577.25
View more..