GAIL (India) Ltd.

GAIL India is currently trading at Rs. 380.00, up by 7.20 points or 1.93% from its previous closing of Rs. 372.80 on the BSE.

The scrip opened at Rs. 374.00 and has touched a high and low of Rs. 381.40 and Rs. 370.50 respectively. So far 18455 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. 396.00 and Rs. 367.00 respectively. The current market cap of the company is Rs. 47288.84 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, state-owned gas utility 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.

Before this aggressive bidding by GAIL, it has lost bid for the previous three major pipelines - Mehsana-Bhatinda, Mallavaram-Bhopal-Bhilwara and Panipat-Jammu-Srinagar. The bi-directional pipeline will have a capacity to transport up to 60 million standard cubic meters per day of gas. It is reported that the 36-inch pipeline would cost Rs 5,500 crore, adding this will be the first pipeline in the country originating and terminating at a port.

The new pipeline will instigate from Mora in Gujarat which is a major node/terminal of GSPL gas grid pipeline network and will end at the Indian Oil Corp's under-construction 15 million tonnes refinery at Paradip. The pipeline is to pass through Jalgaon, Nagpur, Raipur and Bhuvaneshwar. It will traverse 1,500 km, with the main line and 124 km spur lines covering the states of Gujarat, Maharashtra, Chhattisgarh and Orissa.