GAIL (India) Limited
T. Rowe Price increased its stake in GAIL (India) Limited from 1.08% to 1.30%, purchasing 1,45,08,132 shares.
India's integrated natural gas company operates an extensive pipeline network spanning over 11,500 kilometers for natural gas and 2,300 kilometers for LPG distribution. The Government of India undertaking manages LPG processing units, petrochemical facilities, and holds strategic interests in liquefied natural gas ventures and city gas distribution networks across several cities. GAIL maintains wholly owned international subsidiaries in Singapore and the United States to expand operations in LNG trading, petrochemicals, and shale gas assets.
Baltimore-based active asset manager founded in 1937, managing about US$1.5 trillion. It invests in India through several of its funds, including its International Discovery, Emerging Markets Discovery, New Asia and Global Allocation strategies, using bottom-up fundamental research to back growing companies.