Australia's Ava Risk Group gains on securing contract with India's GAIL

GAIL (India)

13/05/2025 04:07

** Shares of Ava Risk Group AVA.AX rise 3.2% to A$0.098

** Stock rose as much as 4.2% to A$0.099 in early trade, its biggest intraday pct gain since April 30

** Technology services provider secures a contract with Indian gas distributor co GAIL (India) Ltd GAIL.NS valued at A$0.9 million

** Contract for deployment of co's fibre-sensing supply detection technology along GAIL'S Kochi-Koottanad-Bangalore-Mangalore gas pipeline

**  Stock down 23.1% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))