Gas Transmission & Marketing Company Approves Rs 1,736 Crore Greenfield 178.2 MW Wind Project in Maharashtra
The stock is up by 12per cent from its 52-week low of Rs 150.60 per share and has given returns of 78.62 per cent in 5 years.
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GAIL (India) Ltd’s Board of Directors has approved the establishment of a Greenfield 178.2 MW wind power project in Maharashtra. This development is expected to significantly expand the company’s existing wind capacity of 117.95 MW, which is currently fully utilised.
The total investment required for this capacity addition is estimated at Rs 1,736.25 Crore. The project will be financed through a combination of debt and equity, aligning with GAIL’s business growth strategy.
The project is scheduled for completion within 24 months from the award of the LSTK (Lump Sum Turnkey) contract. The approval was granted during the company’s board meeting on February 27, 2026.
This initiative underscores GAIL’s commitment to expanding its renewable energy portfolio and contributing to India’s clean energy goals.
About GAIL (INDIA) LTD
GAIL is India’s leading gas transmission & distribution company with extensive gas transmission and distribution pipelines in the country, LPG extraction plants and a gas-based petrochemical plant, besides upstream oil and gas blocks and interests in LNG terminals in India. GAIL also has a global presence and business interests in the USA, Singapore, Myanmar, Russia, China and Egypt. Further, GAIL is pursuing business opportunities in the entire value chain of renewable energy and other clean energy ventures, including Green Hydrogen and Biofuels.
The company has a market cap of over Rs 1.11 lakh crore. The stock is up by 12per cent from its 52-week low of Rs 150.60 per share and has given returns of 78.62 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.