GAIL rises on acquiring IEX's 5% stake in Indian Gas Exchange

The scrip opened at Rs. 132.00 and has touched a high and low of Rs. 132.90 and Rs. 131.30 respectively.  So far 120994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 146.20 on 15-Jan-2021 and a 52 week low of Rs. 65.70 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 135.40 and Rs. 127.55 respectively. The current market cap of the company is Rs. 59082.86 crore.

The promoters holding in the company stood at 52.12%, while Institutions and Non-Institutions held 43.83% and 4.05% respectively.

GAIL (India) has acquired 5% stake of the Indian Energy Exchange (IEX) in its arm Indian Gas Exchange (IGX). The partnership between the IGX and GAIL

 is a significant development, which will go a long way and add robust value addition in development of the gas markets in the country.

GAIL is committed towards development of gas-based economy in the country. The partnership between GAIL and IGX will benefit the gas sector as a whole

 and pave way for further development of the gas market, more trading through gas exchange and increase in capacity utilisation of pipelines.

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

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