GAIL India has seen fair gains on the BSE today. The company has announced its plans to set up a compressed natural gas (CNG) corridor across the country with an investment of Rs 5,000 crore by 2012-13.

The stock presently trades at Rs 207.15 per share, up 1.25 points or 0.61% on the BSE.

The stock opened at Rs 210 per share as compared to its previous close of Rs 205.9 per share on Tuesday.

Intraday, the counter touched a high and a low of Rs 216.05 per share and Rs 206.55 per share, respectively.

Over 1.01 lakh shares of the company were traded on the BSE, so far.

The stock touched its 52-week high of Rs 516 per share on January 15, 2008 and a 52-week low of Rs 165 per share on October 27, 2008.

Government-owned gas utility, GAIL India, plans to set up a compressed natural gas (CNG) corridor across the country with an investment of Rs 5,000 crore by 2012-13. The company has identified 230 cities for retailing CNG to automobiles and piped cooking gas to households.

The oil regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), has currently offered only six cities for bidding in first phase. GAIL is expected to bid for all of these cities - Meerut and Mathura in Uttar Pradesh, Kakinada in Andhra Pradesh, Sonepat in Haryana and Dewas and Kota in Madhya Pradesh.