GAIL seeks to double share capital, foray into new areas

12 Aug 2022 CW Team

GAIL (India) Ltd wants to double its share capital as well as add specialty chemicals and clean energy to its line of business as it looks to diversify business beyond natural gas transmission and distribution.

GAIL has sought shareholder approval to increase the authorised share capital of the company to Rs 100 billion crore from the current Rs 50 billion crore to help raise finance for its expansion plans over the next three-four years.

The firm is laying natural gas truck pipelines to create a national gas grid as well as expand city gas distribution as part of the government's target of more than doubling the share of natural gas in the primary energy basket to 15 per cent by 2030.

"GAIL has a capex plan of approximately Rs 300 billion in the next three-four years. These projects will be funded partly through internal resources and partly through debt, which may also include the equity route," the firm said in a notice to shareholders.

Further, the company may also look at issuing bonus equity shares to its shareholders, it said.

India's largest state-owned natural gas processing and distribution company also sought to amend the Memorandum of Association (MoA) to allow entry into new business areas.

Infrastructure Transport

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..