Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  GAIL rises on planning to invest in start-ups, solar power plants, battery charging stations

21-Aug2018

GAIL rises on planning to invest in start-ups, solar power plants, battery charging stations

GAIL (India) is currently trading at Rs. 382.70, up by 3.60 points or 0.95% from its previous closing of Rs. 379.10 on the BSE.

The scrip opened at Rs. 378.25 and has touched a high and low of Rs. 386.85 and Rs. 378.25 respectively. So far 135872 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.80 on 16-Aug-2018 and a 52 week low of Rs. 279.38 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 398.80 and Rs. 373.20 respectively. The current market cap of the company is Rs. 86143.71 crore.

The promoters holding in the company stood at 53.34%, while Institutions and Non-Institutions held 42.34% and 4.32% respectively.

GAIL India is planning to invest in start-ups, build solar power plants and set up battery charging stations for electric vehicles as it looks to diversify its portfolio beyond gas and petrochemicals. The investment can be made through special purpose vehicle (SPV), alternative investment fund (AIF), fund of funds (FoF) and trust. The company has sought shareholder approval for the said investment.

GAIL India is India's principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications


Related News

View all news

Reliance Industries slips despite reporting 10% rise in Q4 consolidated net profit

Reliance Industries is currently trading at Rs. 1356.35, down by 26.55 points or 1.92% from its previous closing of Rs. 1382.90 on the BSE.The scrip opened at Rs. 1364.00 and has touched a high and low......

Future Retail trades in green on the BSE

Future Retail is currently trading at Rs. 430.80, up by 0.75 points or 0.17% from its previous closing of Rs. 430.05 on the BSE.The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 435.15......

GVK Power zooms with its arms inking pact with ADIA, NIIF

GVK Power & Infrastructure is currently trading at Rs. 7.98, up by 0.66 points or 9.02% from its previous closing of Rs. 7.32 on the BSE.The scrip opened at Rs. 7.74 and has touched a high and......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......