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GAIL surges on inking MoU with Chubu Electric Power, Japan

25 Mar 2014 Evaluate

GAIL (India) is currently trading at Rs. 376.00, up by 5.65 points or 1.53% from its previous closing of Rs. 370.35 on the BSE.

The scrip opened at Rs. 367.00 and has touched a high and low of Rs. 379.45 and Rs. 364.00 respectively. So far 100609 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 391.40 on 07-Mar-2014 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. 380.65 and Rs. 347.05 respectively. The current market cap of the company is Rs. 47859.65 crore.

The promoters holding in the company stood at 57.34% while Institutions and Non-Institutions held 38.70% and 2.57% respectively.

GAIL has signed a Memorandum of Understanding (MoU) with Chubu Electric Power, Japan (Chubu) on March 21, 2014. Under the MoU, GAIL and Chubu shall mainly explore possibilities for collaboration in the area of joint LNG procurement. Besides, the two companies will also seek to collaborate on shipping optimization. This MoU with Chubu is yet another effort by GAIL towards bridging the gap in demand supply of natural gas in the Indian market.

GAIL is also actively working towards establishing a regional gas trading hub for Asia as well as an Asian gas index. This MoU with Chubu is yet another effort by GAIL towards bridging the gap in demand supply of natural gas in the Indian market. This is in addition to other initiatives of GAIL towards LNG sourcing, creating LNG regasification infrastructure, reserving liquefaction tolling capacity in overseas projects and augmenting transmission capacity significantly over the next few years.

GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.

 

GAIL India Share Price

164.50 1.10 (0.67%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 164.50
Gujarat Gas 389.95
Indraprastha Gas 166.95
Mahanagar Gas 1133.85
Adani Total Gas 643.35
View more..

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