Gas Authority of India Limited, pioneer natural gas Transpotrtation Company was incorporated in 1984. GAIL is responsible for Exploration and Production, Processing, Transmission, Distribution and Trading of natural gas in India. In this ever growing consumer market and technology savvy scenario, GAIL is spearheading the move to a new era of clean fuel industrialization, creating a four way green energy corridors that connect major consumer divisions in India with gas fields, LNG terminals and other cross border gas sourcing points. In a long term plan GAIL is also expanding its business to become a power house in the International Market.
Hazira-Vijaipur-Jagdishpur (HVJ) pipeline project was promoted by GAIL in 1919 under its short term expansion plan along with construction of three liquefied petroleum gas and buying some regional pipelines, enabling GAIL to start its gas transportation across the nation. 1997 CNG distribution in Delhi started through nine CNG fuel stations. In a long term investment and development program in 1999, a major petro-chemical plant was set up in PATA.
According to a asset analysis report GAIL owns 6,700 km long and complex high pressure pipeline network to transport148 MMSCMD of natural gas, 7 LPG Gas Processing Units to produce 1.2 MMTPA of LPG and other liquid hydrocarbons, 1,922 km of LPG Transmission pipeline network with a capacity to transport 3.8 MMTPA of LPG, 27 oil and gas Exploration blocks and 3 Coal Bed Methane Blocks, 13,000 km of OFC network offering highly dependable band-with for telecom service providers, Joint venture companies to sell Piped Natural Gas to households and commercial users in 10 major cities, GAIL has been honored with the responsibility of reviving the LNG terminal at Dahlol and collaboration with three Egyptian companies to establish City Gas sectors in Egypt and buying option in China Gas Holding to explore opportunities in the CNG sector in mainland China.
Here is a tip for investors; GAIL made a huge profit of Rs. 2804 Cr and Rs. 23, 776 Cr net turn over this year and with a work force of 3480 employees.
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Buy GAIL with target of Rs 490 and stop loss of Rs 455, says Hitesh Chotalia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 466.90, up 0.4% on the BSE.
Buy GAIL with target of Rs 510 and stop loss of Rs 430, says Jagdish Thakkar of Fortune Fiscal on Zee Business. The stock is currently trading at Rs 449.35, down 0.6% on the BSE.
Buy GAIL with target of Rs 480 and stop of Rs 440, says Hitesh Chotalia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 450.20, down 0.4% on the BSE.