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Gail India to invest Rs 6,000 crore in next three years in renewables

31 May 2022 Evaluate

Gail India has planned to invest Rs 6,000 crore in the next three years in renewables. The investment can go up by an additional Rs 20,000 crore by 2030. The company, which reported a 112 per cent jump in FY22 post-tax net profit at Rs 10,364 crore, has outlined an overall capital expenditure plan of up to Rs 40,000 crore in the next five years, which will cover a wide array of areas.

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.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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