GAINS GALORE: The Gas Authority of India Ltd ranked fifth in the list, posted a market cap gain of 267.7 per cent in 2003.
The company's market cap zoomed by Rs 16,029 crore (Rs 160.29 billion) to Rs 22,017 crore (Rs 220.17 billion) from Rs 5,987 crore (Rs 59.87 billion) in January 2003.
GAIL, established as a wholly owned company of the government in August 1984, is the largest gas transmission and marketing firm in the country. The government, which has around 67 per cent stake in the company, will soon offload 10 per cent equity and the government is likely to open on March 10 the public issue.
GAIL has more than 90 per cent market share in the natural gas business in India.
Above: Workers repair a gas pipeline.
Inset: Proshanto Banerjee, Chairman and Managing Director, GAIL.