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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..