GAIL provides 18 CNG vehicles for waste collection to Bengaluru municipality

Lending support to the 'Swachh Bharat Mission' in the - city, GAIL (India) Limited today handed over 18 four-wheel CNG "Dry Waste Collection Vehicles" worth Rupees one crore to Bruhat Bengaluru Mahanagara Palike (BBMP).

The vehicles were flagged off by Shri Gaurav Gupta, Hon'ble Administrator of BBMP and Shri Manjunath Prasad, Commissioner, BBMP in the presence of Shri P Murugesan, Executive Director (Southern Region), GAIL (India) Limited and Shri Vivek Wathodkar, Chief General Manager (CGD), GAIL Gas Limited.

The vehicles, provided under GAIL's Corporate Social Responsibility initiative, are going to be used for dry waste collection. They run on dual fuel, i.e., compressed natural gas (CNG) and petrol. CNG is an environment-friendly fuel which is cheaper than conventional fuels and reduces maintenance cost too.

GAIL Gas Limited is supplying CNG in Bengaluru along with piped natural gas for households and industries. GAIL owns and operates the Dabhol - Bengaluru natural gas pipeline and is presently executing the Kochi - Kottanad - Bengaluru - Mangaluru pipeline project which is nearing completion.

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.88.75 as compared to the previous close of Rs. 87.65. The total number of shares traded during the day was 1296034 in over 3600 trades.

The stock hit an intraday high of Rs. 89.1 and intraday low of 86. The net turnover during the day was Rs. 113639555.

Source : Equity Bulls

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