GAIL profits on completing award of contract for Pradhan Mantri Urja Ganga pipeline assignment

GAIL profits on completing award of contract for Pradhan Mantri Urja Ganga pipeline assignment

by admin- Monday, May 13th, 2019 04:41:32 PM

 
GAIL (India) is currently trading at Rs. 341.90, up by way of 1.05 factors or 0.31% from its previous final of Rs. 340.85 on the BSE.

The scrip opened at Rs. 340.00 and has touched a excessive and coffee of Rs. 342.75 and Rs. 339.25 respectively. So far 10488 shares had been traded on the counter.

The BSE organization ‘A’ stock of face cost Rs. 10 has touched a fifty two week excessive of Rs. 398.Eighty on sixteen-Aug-2018 and a 52 week low of Rs. 296.00 on 05-Oct-2018.

Last one week excessive and coffee of the scrip stood at Rs. 348.80 and Rs. 333.50 respectively. The modern marketplace cap of the organization is Rs. 76886.64 crore.

The promoters maintaining within the employer stood at fifty two.64%, even as Institutions and Non-Institutions held forty three.Sixty four% and three.72% respectively.

GAIL India has completed awards for all primary contracts for the ambitious Pradhan Mantri Urja Ganga herbal gas pipeline undertaking that transverse from Jagdishpur to Haldia and Bokaro (Jharkhand) and Dhamra in Odisha.

The enterprise has positioned Rs 475 crore order for metal pipes of approximately 280-kilometers to offer pipeline connectivity from Durgapur to Haldia, inclusive of spur strains to Kolkata in West Bengal. This completes contracting for the 3,four hundred-km Jagdishpur (Uttar Pradesh) -Haldia (West Bengal) & Bokaro – Dhamra Natural Gas Pipeline (JHBDPL).

The pipeline has already reached Barauni in Bihar and the employer is prepared for supplying gasoline to a refinery and upcoming fertiliser plant. The pipeline additionally resources natural gas for Patna city gasoline distribution community (CGD).

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