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GAIL (India) shares jumped as the Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed unified gas tariff for all pipelines.
The company shares opened at Rs 425.10, touched a high of Rs 438 and a low of Rs 422.55 on the BSE. The stock ended higher by 3.46 per cent at Rs 433.60 on the BSE. On the NSE, the shares closed up by 4.19 per cent at Rs 436.60.
PNGRB has proposed consultation on the implementation of integrated authorisation of unified/pooled tariff for cross-country gas pipeline network or all connected pipelines of GAIL.
The unified or pooled tariff for the network will be calculated by pooling capital expenditure and operating expenditure across pipelines and in proportion to cumulative volumes.
According to analysts, unified tariff will be a significant positive for GAIL as it will result in higher tariff realisations on existing pipelines, better returns on new investments and encourage overall consumption of gas.
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