Shares of GAIL (India) Ltd were in focus on Wednesday after the company received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) to increase the capacity of its Dahej-Uran-Dabhol-Panvel (DUPL-DPPL) natural gas pipeline.
The pipeline’s capacity has been raised from 19.9 MMSCMD to 22.5 MMSCMD, with the approval valid for three years, supporting the company’s long-term business growth by enabling higher gas transportation volumes.
Despite the positive development, GAIL’s stock was trading slightly lower at ₹177.11, down 0.33% or ₹0.59 as of the latest update. The stock opened at ₹177.00 and touched an intraday high and low of ₹179.50 and ₹176.00, respectively. The previous close stood at ₹177.70.
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