Gail (India) Limited is a large cap company in industrial gases and fuels sector of industries in India. Gail (India) Limited belongs to Nifty 50 group of companies. For this reason fluctuations in Gail share price affects the benchmark index.
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Gail Share Price Graph
Gail otherwise known as Gas Authority of India Limited was established in 1984. It was incorporated to provide infrastructure in gas sector with a view to create sustainable growth in the gas sector. Gail is the flagship company of India in natural gas segment. In 2002, the name Gail (India) Limited came into being.
In 1991, the Hazira-Vijaipur-Jagdishpur (HVJ) 2800 kms pipeline was inaugurated to enable distribution of gas. Later within a couple of years three LPG plants came into being and some regional pipelines were acquired by Gail. The whole procedure enabled Gail to start full fledged operation of carriage and distribution of LPG to different areas.
By 1997 Gail advanced its operation by starting to to distribute CNG (compressed natural gas) through 9 CNG stations for vast fleet of commercial vehicles in Delhi. In 1999, first petrochemical plant of India was set up at Pata by the company.
Gail added another feather to its crown when it started world’s longest pipeline for distribution of LPG along Jamnagar – Loni incidentally which was also first cross country LPG distribution pipeline of India.
Gail, with a view to be a leader have always been on the lookout for strategic diversification. in 2001, it started leasing bandwidth for telecom companies through its newly formed subsidiary Gailtel. Later Gail also diversified its business into the business of power, liquid hydrocarbons.
The global energy sector is always evolving. Gail has put strong foothold in this ever changing scenario commencing distribution of clean fuel to industries. It has also made possible vertical integration of by bringing major consumers in India, LPG terminals, major gas fields and cross-border source of natural gas into one network.
Company Financials – Gail share price is Rs 380.70 (as on 19.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 18.24 versus average industry PE of 19.70, EPS is Rs 20.71. Market cap is Rs 63,906 crores. The face value of share is Rs 10.
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