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Gas stocks in action after FM announces expansion of current gas grid

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Gas stocks advanced 0.01% to 2.11% after the FM proposed to extend gas grid in the country by 11,000 km.

Gujarat State Petronet (up 2.11%), Gail (India) (up 1.99%), Hindustan Petroleum Corporation (up 0.77%) and Petronet LNG (up 0.64%), rose.

Among the city gas distributors, Gujarat Gas (up 1.07%), Adani Gas (up 0.96%) and Mahanagar Gas (up 0.48%) advanced.

Presenting the Union Budget 2020, Finance Minister Nirmala Sitharaman said she proposes to expand national gas grid to 27,000 km from 16,200 km, where it stands currently.

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First Published: Feb 01 2020 | 12:49 PM IST

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