Stock Report

GAIL to enter distributed LNG production business

Posted On : 2022-06-22 15:18:50( TIMEZONE : IST )

GAIL to enter distributed LNG production business

In a first-of-its kind endeavour in the country, GAIL (India) Limited plans to enter into distributed Liquefied Natural Gas (LNG) production with the vision to cater the demand from off-grid locations and transport sector.

GAIL has placed order for two small-scale liquefaction skids capable of producing LNG on a pilot basis. Liquefaction will be achieved through proprietary technology-based mobile liquefaction skids. These plants will help in distribution of natural gas through liquefaction in new CGD areas, liquefaction of gas at isolated fields and will support setting-up of LNG fueling stations and in bunkering. It will be first of its kind in the country to introduce portable and scalable liquefaction units.

The project is envisaged to provide a thrust to Government of India's focused initiatives to increase the share of Natural Gas in the primary energy basket. Further, GAIL is also under discussions for manufacturing liquefaction skids in India.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 136.40 as compared to the previous close of Rs. 130.90. The total number of shares traded during the day was 281421 in over 3367 trades.

The stock hit an intraday high of Rs. 137.00 and intraday low of 131.60. The net turnover during the day was Rs. 38159895.00.

Source : Equity Bulls


GAILIndia INE129A01019 LNGProduction