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GAIL’s Board Approves to Raise INR 25,000 crore Debt Ahead of Expansion

GAIL currently manages about 14,488 km of natural gas pipeline network and possesses 75 percent of the market share in the transmission of natural gas in India.

gail board
Image Source: GAIL India

GAIL India Ltd., a PSU undertaking, has announced that its board has approved the raising of INR 25000 crore, via the issue of secured and/or unsecured non-convertible debentures and bonds.

The move to raise capital is based on the government-owned enterprise’s plans to enter into the chemicals and green energy segment and expand its current business of natural gas transmission. In a stock exchange filing, GAIL India said that the Board of Directors, in its meeting, approved borrowing funds besides the already borrowed funds up to around INR 25000 crore in one or more tranches.

Presently, GAIL owns and operates about 14,488 km of the natural gas pipeline network with approx 75 percent of the market share in the transmission of natural gas within the country, connecting multiple gas sources to various customers.

Also Read: Crippa: Innovative Technological Solutions in Response to Dynamic Market Demands

Aligned with the central government’s ‘National Hydrogen Energy Mission’, GAIL is establishing a green hydrogen production facility with a capacity of 4.3 tonnes per day (TPD) in Vijaipur, Madhya Pradesh. The facility will generate green hydrogen using the Polymer Electrolyte Membrane (PEM) technology, which is based on the electrolysis of water.

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