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GAIL acquires IL&FS’ 26% equity stake in OTPC

05 Jan 2022 Evaluate

GAIL (India) has completed the acquisition of bankrupt Infrastructure Leasing and Financial Services' (IL&FS) 26 per cent equity stake in ONGC Tripura Power Company (OTPC). OTPC is a special purpose vehicle set up by Oil and Natural Gas Corporation (ONGC) to build a 726.6 megawatt combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura. The IL&FS group and the Government of Tripura (GoT) were partners in the special purpose vehicle (SPV).

GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.

GAIL India Share Price

158.60 0.80 (0.51%)
20-Apr-2026 12:41 View Price Chart
Peers
Company Name CMP
GAIL India 158.60
Gujarat Gas 364.45
Indraprastha Gas 168.70
Mahanagar Gas 1136.95
Adani Total Gas 626.20
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