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GAIL (India) Limited ( (IN:GAIL) ) has provided an announcement.
GAIL (India) Limited has announced a material price movement in its share price following a tariff order from the Petroleum and Natural Gas Regulatory Board (PNGRB) for its Integrated Natural Gas Pipeline (INGPL) network. The new levelized tariff of ₹65.69/MMBTU represents a 12% increase from the previous tariff, potentially leading to a positive financial impact of approximately Rs. 1,200 Crore. This adjustment is interim, focusing on System Use Gas and capacity determination, with a comprehensive review scheduled for 2028.
More about GAIL (India) Limited
GAIL (India) Limited operates in the energy sector, primarily focusing on natural gas processing and distribution. It is involved in the transmission and marketing of natural gas, LPG, and other petrochemicals, playing a significant role in India’s energy infrastructure.
Average Trading Volume: 634,120
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1217.7B INR
Find detailed analytics on GAIL stock on TipRanks’ Stock Analysis page.