GAIL Increases Clean Energy Startup Fund to Rs 5 Bn
POWER & RENEWABLE ENERGY

GAIL Increases Clean Energy Startup Fund to Rs 5 Bn

GAIL (India) has increased its startup investment fund from Rs 1 billion to Rs 5 billion. The expanded fund will be directed towards supporting startups focused on clean energy, renewables, energy storage, electric mobility, and digital transformation.

Launched in July 2017, GAIL’s initiative ‘Pankh’ aims to support and nurture startups. Since its inception, the program has invested in 36 startups spanning various sectors, including compressed biogas (CBG), electric mobility, and environmental solutions.

The company’s renewable energy portfolio currently stands at 132 MW, consisting of 118 MW of wind energy and 14 MW of solar energy. GAIL is also exploring opportunities in CBG production from organic waste and is venturing into sectors like ethanol and hydrogen. Additionally, the company is establishing 20 MW solar projects to meet the energy needs of its electrolyzer project in Vijaipur, Madhya Pradesh.

In October 2024, GAIL invited bids for the design, procurement, construction, and operation of a 7.75 MW grid-connected floating solar project at Vijaipur. Furthermore, a rooftop solar system installed at GAIL’s Pata plant in Uttar Pradesh reduced GHG emissions by 199 tCO2e in FY 2023-24.

The company’s electricity consumption from renewable sources grew from 92,182 gigajoules in 2022-23 to 1,16,872 gigajoules in 2023-24. GAIL aims for a 100 per cent reduction in Scope 1 and Scope 2 emissions by 2035 and a 35 per cent reduction in Scope 3 emissions by 2040.

In January, GAIL and TruAlt Bioenergy invested $72 million in a joint venture to establish CBG projects, with GAIL joining TruAlt’s company, Leafiniti Bioenergy, to operate one of India’s largest CBG plants.

News source: Mercom India

GAIL (India) has increased its startup investment fund from Rs 1 billion to Rs 5 billion. The expanded fund will be directed towards supporting startups focused on clean energy, renewables, energy storage, electric mobility, and digital transformation. Launched in July 2017, GAIL’s initiative ‘Pankh’ aims to support and nurture startups. Since its inception, the program has invested in 36 startups spanning various sectors, including compressed biogas (CBG), electric mobility, and environmental solutions. The company’s renewable energy portfolio currently stands at 132 MW, consisting of 118 MW of wind energy and 14 MW of solar energy. GAIL is also exploring opportunities in CBG production from organic waste and is venturing into sectors like ethanol and hydrogen. Additionally, the company is establishing 20 MW solar projects to meet the energy needs of its electrolyzer project in Vijaipur, Madhya Pradesh. In October 2024, GAIL invited bids for the design, procurement, construction, and operation of a 7.75 MW grid-connected floating solar project at Vijaipur. Furthermore, a rooftop solar system installed at GAIL’s Pata plant in Uttar Pradesh reduced GHG emissions by 199 tCO2e in FY 2023-24. The company’s electricity consumption from renewable sources grew from 92,182 gigajoules in 2022-23 to 1,16,872 gigajoules in 2023-24. GAIL aims for a 100 per cent reduction in Scope 1 and Scope 2 emissions by 2035 and a 35 per cent reduction in Scope 3 emissions by 2040. In January, GAIL and TruAlt Bioenergy invested $72 million in a joint venture to establish CBG projects, with GAIL joining TruAlt’s company, Leafiniti Bioenergy, to operate one of India’s largest CBG plants. News source: Mercom India

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code