Saudi Ambassador visits GAIL India Office

Gail India Ltd has announced that The Ambassador of Saudi Arabia in India, His Excellency Mr. Saleh Moh'd Al-Ghamdi visited the Company on June 28, 2007 and met the Chairman and Managing Director, Dr. U D Choubey and senior GAIL officials to discuss about possible mutual cooperation, specially in gas and gas related business.

The Ambassador, His Excellency Mr. Saleh Moh'd Al-Ghamdi praised the Company for its performance and said he was keen to ensure greater cooperation between the two countries. One of the main points for discussion related to the setting up of a Petrochemicals plant by the Company based on propane feedstock sourced from Saudi Arabia. The Ambassador assured the Company that he would try and assist wherever possible in the matter of feedstock procurement on long term basis.

The stock was trading at Rs.309.60, down by Rs.6.15 or 1.95%. The stock hit an intraday high of Rs.318.80 and low of Rs.308.10. The total traded quantity was 58763 compared to 2 week average of 82407.

Source : Equity Bulls

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