Expansion13 Apr 2026, 07:01 pm
Gail Board Approves
AI Summary
Gail (India) Ltd's Board of Directors has approved the establishment of a greenfield 600 MW solar power project, which will include a 550 MWh co-located Battery Energy Storage System (BESS), in Uttar Pradesh. The total investment for this significant expansion is estimated at ₹3294.86 Crores, covering all associated expenditures, including IDC and taxes. The project is slated for completion within 15 months from the date of the Engineering, Procurement, and Construction (EPC) contract award. Financing for this initiative will be secured through a combination of debt and equity, aligning with the company's strategic objective for business growth and substantially increasing its current solar capacity of approximately 29 MW.
Key Highlights
- Gail to invest ₹3294.86 Cr in a 600 MW solar project.
- Project includes a 550 MWh co-located Battery Energy Storage System.
- Capacity to be added within 15 months from EPC contract award.
- Financing through a combination of debt and equity.
- Significantly expands existing 29 MW solar capacity for business growth.