GAIL plans ₹30,000 cr capex in next 3 yrs; stock surges
In the fiscal year 2022-23, GAIL makes capital expenditure worth ₹10,000 crore, while it incurs capex of ₹2,391 cr in Q1
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August 2023
July 2023
August 2022
GAIL shares hit 52-week high on double upgrade from UBS
Consensus is yet to fully appreciate the upside to realised tariffs from tariff integration, as well as the scope of India's improving gas demand and GAIL's pipeline expansion, says UBS.
GAIL to raise ₹25,000 cr debt ahead of expansion
GAIL had recorded a 116% increase in revenue at ₹37,572 crore in the April-June quarter of FY23; profit rose 91% to ₹2,915 crore
Windfall tax on petroleum crude hiked; diesel, ATF export levy slashed
Amid the announcement, shares of three out of four oil producers and refiners are down. RIL stock is up 0.16%, while ONGC, GAIL, IOC are down by 1.39%, 1.77%, and 0.28%, respectively
