India, Sept. 12 -- Shares of GAIL India Ltd. rose on Friday after the Karnataka Cabinet allotted land for setting up a compressed biogas plant.

At 11:06 am, GAIL India shares were up 0.39% at Rs.179.65 apiece even as the benchmark Sensex traded 0.34% higher at 81,823.77 points.

The state-run natural gas company has to set up a 300-tonne bio-CNG plant over 18 acres of land at Haralakunte village in Bengaluru South, Karnataka's Law and Parliamentary Affairs Minister H.K. Patil said on Thursday. The production capacity can be expanded to 500 tonnes/day.

The state government's revenue department, as well as Bengaluru Solid Waste Management Ltd., will first survey the land and then hand it over to GAIL India with proper maps.

Against that ...