GAIL to set up petrochemical complex in Andhra Pradesh: 26 Sep 2017

State-owned GAIL (India) Limited has approached the ministry of Environment, Forest and Climate Change for setting up a 1-million-tonne per annum capacity Greenfield Petrochemical Complex in East Godavari of Andhra Pradesh, reported a national news agency.

The stock of GAIL was trading at Rs 400.60 per share, up by Rs 2.90 or 0.73% as at 1025 hours on Tuesday, on the BSE. It hit an intraday high and low of Rs 402.70 and Rs 397.10, respectively.

The stock attracted a traded volume of 3,85,749 shares and traded value of Rs 1,545.70 lakh on the NSE. The company had hit its 52-week high of Rs 433.70 on May 3, 2017, and 52-week low of Rs 268.32 on September 29, 2016, on the NSE.

GAIL (India) Limited is an integrated energy company in the hydrocarbon sector. The company is engaged in gas marketing. Its segments include transmission services, which includes natural gas and liquid petroleum gas (LPG); natural gas trading; petrochemicals; LPG and other liquid hydrocarbons.

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