Maithan Alloys Acquires 0.002% Stake in GAIL (India) Ltd. for Rs. 1.96 Crore

Maithan Alloys Ltd. has acquired 100000 shares of GAIL (India) Ltd., a Public Limited Company and the largest state-owned natural gas processing and distribution company in India, through a stock exchange. The acquisition, which occurred on 28th May 2025, cost Rs. 1.96 Crore and represents 0.002% of GAIL's shareholding. Maithan Alloys has no intention to acquire control of GAIL's management. The acquired entity has a diversified business portfolio, interests in natural gas sourcing and trading, LPG production, petrochemicals, and oil and gas blocks in India and overseas. GAIL was incorporated on 16th August 1984 and has shown consistent growth over the past three years, with a turnover of Rs. 137288 Crore in FY 2024-2025.