GAIL has infused Rs 2,100 crore in insolvent private-sector chemical company JBF Petrochemicals (JBF) that it had acquired in bankruptcy proceedings. The firm had in March won bankruptcy court approval for taking over JBF. Accordingly, JBF has become a wholly-owned subsidiary of the company with effect from June 1, 2023.
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.
