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GAIL (India) signs MoU with Petron Scientech

22 Aug 2024 Evaluate

GAIL (India) and Petron Scientech Inc (Petron) have inked a Memorandum of Understanding (MoU) to jointly explore setting up of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant along with its downstream unit(s) in India, based on bioethanol produced in the plant in a 50:50 Joint Venture (JV) mode.

In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company.

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

162.80 -3.70 (-2.22%)
11-May-2026 15:39 View Price Chart
Peers
Company Name CMP
GAIL India 162.80
Gujarat Gas 383.70
Indraprastha Gas 161.15
Mahanagar Gas 1110.80
Adani Total Gas 622.90
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