GAIL (India) Limited
BOM:532155 ISIN:INE129A01019
GAIL (India) Limited operates through segments, including natural gas, petrochemicals, liquid petroleum gas (LPG) transmission and other liquid hydrocarbons, exploration and production and coal bed methane and telecommunications. It owns and operates a network of over 7000 kilometers of natural gas high pressure trunk pipeline. It owns and operates a gas-based integrated petrochemical plant at Pata, Uttar Pradesh with a capacity of producing 410,000 tons per annum. It has seven LPG plants in India. It has participating interest in three coal bed methane blocks with an area of 1561 square kilometers, two of which are in Chattisgarh and one in Jharkhand. The Company's telecom business unit, GAILTEL has approximately 13,000 kilometers network. During the fiscal year ended March 31, 2008, the Company completed a pipeline project from Dahej to Dabhol through Panvel to supply gas to RGPPL. Its subsidiaries include GAIL Gas Limited, GAIL Pte. Limited, and Brahmaputra Cracker and Polymer Ltd.
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Asian Activities Report for October 4, 2011 includes: Bulk minerals explorer Sheffield Resources Limited (ASX:SFX) today announced high grade talc results from drilling at its Moora Talc Belt project in Western Australia; Lochard Energy Group Plc (ASX:LHD) said today that remapping work at the Thunderball prospect on UK North Sea block 14/26b has identified more recoverable resources; Phoenix Gold Limited (ASX:PXG) announced the results of its latest drill programme completed at the Broads Dam Gold Project in Western Australia; NSL Consolidated Ltd (ASX:NSL) said today that construction phase has commenced on its US$2.3 million iron ore beneficiation project in India; GAIL (India) Ltd (BOM:532155) has recently acquired its first shale gas assets in the USA.
Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.
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