Shares of Gujarat State Petronet (GSPL) and GAIL India jumped in trades today after the government in a move to kick-start power generation from gas based power plants allowed import of liquefied natural gas (LNG).
 
Government has selected GAIL (India) to import LNG for power plants outside Gujarat while Gujarat State Petronet (GSPL) will import LNG for the power plants based in Gujarat.
 
Reacting to this news, shares of GSPL jumped as much as 8.6 per cent to hit intraday high of Rs 128.40. At 11:05 a.m., the stock was up 5 per cent at Rs 124 trading volumes on the counter surged as 2,92,000 shares changed hands on the BSE compared to average of 1,72,000 shares traded daily in the past two weeks.
 
GAIL India also jumped nearly 2 per cent to hit intraday high of Rs 387. at 11:05 a.m., the stock was 0.13 per cent at Rs 381.

Source:profit.ndtv.com