GAIL signs LNG carrier contract with Mitsui OSK
after close1 source ↓written by the desknot a recommendation
- MOL holds
- 74% stake
- while GAIL retains
- 26%
- to ₹165.70
- 4%
- over six months
- 6% decline
State-run energy major GAIL (India) signed a long-term charter agreement with Mitsui O.S.K. Lines for the LNG carrier named ‘GAIL BHUWAN’. MOL holds a 74% stake, while GAIL retains 26%. Following the announcement, GAIL shares rose 4% to ₹165.70, recovering from a recent 6% decline over six months.
Not investment advice. For informational purposes only.