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The latest update is out from GAIL (India) Limited ( (IN:GAIL) ).
GAIL (India) Limited has entered into a Share Subscription cum Shareholders Agreement with TruAlt Bioenergy Limited and Leafiniti Bioenergy Private Limited for a 49% equity participation in Leafiniti Bioenergy. This strategic move aims to establish new Compressed Bio Gas projects through Leafiniti Bioenergy, enhancing GAIL’s footprint in the renewable energy sector. The agreement outlines specific rights and responsibilities, including board composition, share issuance rights, and a lock-in period, which are expected to strengthen GAIL’s position in the bioenergy market and potentially impact its operations and stakeholder interests positively.
More about GAIL (India) Limited
GAIL (India) Limited is a leading public sector company in India, operating primarily in the natural gas industry. As a Maharatna company, it focuses on natural gas processing and distribution, and is involved in various segments such as liquid hydrocarbons, liquefied petroleum gas transmission, petrochemicals, and electricity generation.
Average Trading Volume: 654,959
Technical Sentiment Signal: Sell
Current Market Cap: 1125.3B INR
For detailed information about GAIL stock, go to TipRanks’ Stock Analysis page.