Gail (India)

The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.

Dispute arises as resolution professional accepted only Rs 167 crore of claims

The dedicated pipeline, which will supply 1 million standard cubic meters per day of gas to HMEL, has been laid at a cost of Rs 142 crore

Here are the top Business Standard headlines on Friday

State-owned GAIL (India) Ltd will build one of India's largest proton exchange membrane (PEM) electrolyzer at Guna in Madhya Pradesh to produce green hydrogen by the end of 2023

Centre has requested GAIL to start importing LNG to meet the rising demands in metropolitan areas

The Company has fixed Friday, April 22, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares

Brokerages are advising their retail clients to buy shares of Gail to take advantage of the arbitrage opportunity.

Gas related stocks are likely to benefit from the price hike on commercial LPG; Charts indicate fresh highs for select shares.

Shares of Gail rose 1.5 per cent to end at Rs 155.7

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

The attractiveness of the buyback will be determined when the quantum and price of buyback is announced, said ICICI Securities in a note.

Gazprom has asked GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the US currency

PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.

GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia's Gazprom

The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares - the second buyback in as many years

Paytm is likely to be in focus after RBI's ban on fresh onboarding of customers to its arm Paytm Payments Bank with immediate effect over the weekend.

Apollo Hospitals is likely to be in limelight as the stock enters Nifty 50. It will be replacing IOC with effect from March 31.

GAIL will by May 2023 complete a 700-km pipeline from Mumbai to Nagpur, enabling the flow of gas to central India

India's No 1 gas transporting and marketing firm has long-term liquefied natural gas (LNG) supply contracts from the US to Australia and with Russia, supplementing domestic gas supplies