NSE:GAIL

Nomura Adjusts Gail (India)'s Price Target to INR195 From INR185, Keeps at Buy

Gail (India) (NSE:GAIL, BOM:532155) has an average rating of overweight and mean price target of 183.62 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Kotak Securities Upgrades Gail (India) to Add from Sell, Price Target is INR175

HDFC Securities Downgrades Gail (India) to Add from Buy, Price Target is INR174

Jefferies Adjusts Gail (India)'s Price Target to INR180 from INR185, Keeps at Buy

Gail (India) (NSE:GAIL, BOM:532155) has an average rating of overweight and mean price target of 183.92 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

GAIL (India) Clocks Lower in Fiscal Q4 Consolidated Profit

GAIL (India) (NSE:GAIL, BOM:532155) recorded a decline in attributable consolidated profit to 14.8 billion Indian rupees in the fiscal fourth quarter ended March 31 from 24.9 billion rupees a year ago, according to a Thursday filing with the Indian stock exchanges by the state-owned natural gas trader.Shares of the company rose nearly 2% in Friday's trade.Earnings per share contracted to 2.26 rupees from the year-ago figure of 3.79 rupees.Revenue from operations in fiscal Q4 also fell to 357.1 billion rupees from 365.5 billion rupees a year earlier.The company's board of directors recommended a final dividend of 0.50 rupees per share for the fiscal year ended March 31.

GAIL (India) to Set Up 600MW Solar Power Project in Uttar Pradesh, India

State-owned GAIL (India) (NSE:GAIL, BOM:532155) signed contracts with TUSCO for setting up a 600MW solar power project at the latter's solar park located at Jhansi in Uttar Pradesh, India, according to a Thursday filing to the Indian stock exchanges.The solar power project will be set up along with a 550 MWh battery energy storage system to mainly cater to the company's captive energy requirements of GAIL's Petrochemical Plant at Pata in Uttar Pradesh.The project will also help in meeting the additional demand arising from the electrification of gas-based equipment and compressed biogas plants that are being set up in Uttar Pradesh.The company's shares were up nearly 1% in recent trade.

GAIL (India) Plans to Invest INR38 Billion for 700MW Solar Power Projects in India

State-owned natural gas trader GAIL (India) (NSE:GAIL, BOM:532155) has earmarked an investment of 38 billion Indian rupees in 700 MW solar power projects in the Indian states of Uttar Pradesh and Maharashtra, according to a Wednesday filing to the Indian stock exchanges.Under the initiative, GAIL will develop a 600 MW solar power project along with a 550 MWh battery energy storage system (BESS) at TUSCO Solar Park Jhansi in Uttar Pradesh. This project will target providing the captive energy requirements of GAIL's petrochemical plant at Pata in the Auraiya district.The company will also set up a 100 MW solar power project with a 22 MWh BESS in Chhatrapati Sambhaji Nagar district in Maharashtra, to mainly serve the captive requirements of GAIL's PDH-PP plant at Usar in the Raigad district.GAIL's shares were up nearly 2% in recent trade.