GAIL (India) gains after announcing first phase of implementation of Jagdishpur-Haldia pipeline project

GAIL (India) rose 1% to Rs 292.95 at 15:12 IST on BSE after the company today, 16 September 2015 announced the first phase implementation of Jagdishpur-Haldia pipeline project.

The company made the announcement during market hours today, 16 September 2015.

Meanwhile, the BSE Sensex was up 267.55 points, or 1.04%, to 25,973.48

On BSE, so far 20,000 shares were traded in the counter, compared with an average volume of 91,000 shares in the past two weeks.

The stock hit a high of Rs 293.85 and low of Rs 291 so far during the day. The stock hit a record high of Rs 551.35 on 31 October 2014. The stock 52-week low of Rs 260.25 on 25 August 2015.

The large-cap company has an equity capital of Rs 1268.48 crore. Face value per share is Rs 10.

GAIL (India) today, 16 September 2015 announced the first phase implementation of Jagdishpur-Haldia pipeline project. This gas network will supply fuel to major industries such as the Barauni refinery and the Barauni fertilizer plant in Bihar, GAIL (India) said. The pipeline will also help in setting up of city gas networks in major cities of Bihar including capital Patna, the company said.

GAIL (India)'s net profit fell 31.7% to Rs 424.14 crore on 6.7% decline in total income to Rs 12643.86 crore in Q1 June 2015 over Q1 June 2014.

GAIL (India) is India's leading natural gas company with a presence along the entire hydrocarbon value chain spanning E&P, LNG, pipelines, LPG, petrochemicals, city gas distribution etc. The Government of India (GoI) holds 56.11% stake in GAIL (India) (as per the shareholding pattern as on 30 June 2015).

Powered by Capital Market - Live News