Gail climbs 5.16% on network expansion plans
Active stock: Gail climbs 5.16% on network expansion plans The state-run gas utility Gail India soared 5.16% at the BSE on news of network expansion plans. >GAIL (India) plans to raise up to Rs 70 billion from domestic as well as overseas markets,in order to double its pipeline by 2011. The company intends to expand its pipeline network to 12,000 km at a cost of Rs 200 billion by 2011-12. Shares of the company were last trading up Rs 16.75, or 5.16%, at Rs 341.10, as against the previous day close of Rs 324.35 (12.31 p.m, Wednesday). Total volume of shares traded at the BSE was 201,577. The stock gained 9.15% over the past week, and that of 15.08% over the last month.
