"The fire has been was brought under control and rescues operations are underway. The toll may rise," District Collector Neetu Kumari Prasad said. The blast took place in the early hours, in Nagaram Village in Amalapuram mandal, about 560 kms from Hyderabad.
At least three persons were killed and seven injured following a blast in a gas pipeline belonging to GAIL in East Godavari district today.
"The fire has been was brought under control and rescues operations are underway. The toll may rise," District Collector Neetu Kumari Prasad said. The blast took place in the early hours, in Nagaram Village in Amalapuram mandal, about 560 kms from Hyderabad.
Also Read: Gas supply to East Godavari pipeline cut post blast: Gail
She said adding three persons are critically injured. All the injured have been rushed to nearby hospital, she added. GAIL Chairman BC Tripathi said the fire occurred in an 18-inch pipeline of the company near to the ONGC refinery.
"The reasons for the accident are not known yet. We are currently focused on rescue and relief operations," he said.
GAIL stock price
On June 27, 2014, at 11:14 hrs GAIL India was quoting at Rs 455.50, down Rs 4.25, or 0.92 percent. The 52-week high of the share was Rs 469.55 and the 52-week low was Rs 273.00.
The company's trailing 12-month (TTM) EPS was at Rs 34.49 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 13.21. The latest book value of the company is Rs 225.49 per share. At current value, the price-to-book value of the company is 2.02.
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