GAIL gains on planning to foray into hydrogen generation, scale up renewable portfolio

GAIL (India) is currently trading at Rs. 140.80, up by 0.45 points or 0.32% from its previous closing of Rs. 140.35 on the BSE.

The scrip opened at Rs. 142.35 and has touched a high and low of Rs. 144.05 and Rs. 140.05 respectively. So far 225506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 09-Jun-2021 and a 52 week low of Rs. 81.25 on 14-Oct-2020.

Last one week high and low of the scrip stood at Rs. 149.20 and Rs. 140.00 respectively. The current market cap of the company is Rs. 62565.03 crore.

The promoters holding in the company stood at 51.83%, while Institutions and Non-Institutions held 44.29% and 3.88% respectively.

GAIL (India) is planning to foray into hydrogen generation and take the acquisition route to scale up its renewable energy portfolio as it pivots business beyond natural gas to align with energy transition being witnessed across the globe. As part of a push to embrace cleaner forms of energy, GAIL will be laying pipeline infrastructure to connect consumption centres to gas sources while also augmenting its renewable energy portfolio.

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.