Board of GAIL India has sanctioned an investment of Rs.7, 600crore for a couple of pipeline ventures linking Karnataka to the National Gas Grid.

GAIL (India) considers devoting Rs.5, 558crore in economic year 2009-10. The company will devote a major amount, Rs.4, 020crore for pipeline ventures.

GAIL India will witness savings in scheme cost due to declining steel costs.

Oil India Ltd anticipates net gain to increase nearly 12% for the economic year closed on 31st March on proof crude oil manufacture.

Presently, National Peroxide trades on the higher side on the Sensex after the company signed the gas supply pact with GAIL India.

GAIL (India) seeks to establish a range of wind power assignments in Gujarat during the present economic year.

Gas Authority of India has inked a gas co-operation contract with Karnataka government. According to the pact, GAIL will put down a couple of gas pipelines to the state from Kochi and Dhabol.

India along with 12 other international companies has been selected as potential investors in Nigeria’s huge gas division.

GAIL India decides to allocate Rs.1,000 crore to establish 2,000 CNG supply stations on chief national highways to generate a CNG Quadrilateral.

GAIL India presently trades at Rs.237.95, which is high by 3.60 points from its last close of Rs.234.35 on the Sensex.