GAIL trades higher on the bourses

GAIL (India) is currently trading at Rs. 377.45, up by 4.25 points or 1.14% from its previous closing of Rs. 373.20 on the BSE. The scrip opened at Rs. 374.10 and has touched a high and low of Rs. 378.70 and Rs. 372.45 respectively. So far 72459 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 391.40 on 07-Mar-2014 and a 52 week low of Rs. 273.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 379.00 and Rs. 357.45 respectively. The current market cap of the company is Rs. 47745.49 crore. The promoters holding in the company stood at 56.11% while Institutions and Non-Institutions held 40.09% and 2.40% respectively. GAIL India has inaugurated new office building GAIL Jubilee Tower, one of the tallest buildings in the National Capital Region. The 22-storey GAIL Jubilee Tower has a height of 118 metres, more than one-and-half times the height of the Qutub Minar (73 metres). It is one of the tallest buildings in the National Capital Region (NCR) as on date and is equipped with high-speed lifts. The Jubilee Tower has been designed as per LEED-Platinum Green Building norms. The building has its own captive power generation plant using gas engine generators and the waste heat recovered is used to run the Air Conditioning system. A 30 KW solar power plant has been installed for area lighting. Its electricity load will be 40 % less than other similar high-rises. GAIL is India's flagship natural gas company integrating all aspects of the natural gas value chain including exploration and production, processing, transmission, distribution and marketing and related services.