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GAIL Share price
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Brief about GAIL
GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) is a government owned natural gas corporation responsible for natural gas processing and distribution in India headquartered in GAIL Bhawan New Delhi, India. It is under the ownership of Ministry of Petroleum and Natural Gas , Government of India . It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, Renewable Energy including Solar & Wind, exploration and production, Petrochemicals, GAILTEL and electricity generation.
GAIL (India) Limited was incorporated in August 1985 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). The company was formerly known as Gas Authority of India Limited. It is India's principal gas transmission and marketing company. GAIL played a key role as gas market developer in India for decades catering to major industrial sectors like power, fertilizers, and city gas distribution. GAIL transmits more than 160 million cubic metre per day at standard conditions of gas through its dedicated pipelines and have more than 70% market share in both gas transmission and marketing.
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