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GAIL India gains on securing term loan of $100 million from Bank of Tokyo

07 Dec 2011 Evaluate

GAIL India is currently trading at Rs 400.95, up by 2.50 points or 0.63% from its previous closing of Rs 398.45 on the BSE.

The scrip opened at Rs. 399.90 and has touched a high and low of Rs 402.35 and Rs 395.55 respectively. So far 1014862 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 535.85 on 06-Jan-2011 and a 52 week low of Rs. 367.00 on 22-Nov-2011.

Last one week high and low of the scrip stood at Rs 402.35 and Rs 386.00 respectively. The current market cap of the company is Rs. 50542.48 crore.

The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.62% and 3.20% respectively.

GAIL (India), India's leading natural gas company, has tied up for a five-year term loan of $100 million from Bank of Tokyo - Mitsubishi UFJ. The loan agreement is first in the series of three tie-ups that GAIL plans to enter into for a total ECB of $300 million.

The loan funds would be partially used for funding the ongoing expansion/new projects of GAIL, which is estimated to cost around $9 billion. The company has already taken a term loan of $150 million from Bank of Tokyo-Mitsubishi UFJ in June this year.

State-owned gas utility, recently, has bagged rights to lay a 1,550-km natural gas pipeline from Surat in Gujarat to Paradip in Orissa, connecting west to east coast by beating Gujarat State Petronet. The company bid an astonishingly low pipeline tariff of Rs 0.01 (one paisa) per million British thermal unit to bag the project.

GAIL India Share Price

157.80 -1.10 (-0.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.80
Gujarat Gas 362.60
Indraprastha Gas 169.25
Mahanagar Gas 1125.45
Adani Total Gas 632.90
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