SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gail (India) executes joint venture agreement with RVUNL

30 Jul 2025 Evaluate

Gail (India) has executed a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) on July 29, 2025. Upon satisfactory outcome of due diligence of existing gas-based power plants by GAIL and requisite approvals, RVUNL shall incorporate a 100% subsidiary company, which shall become the Joint Venture Company (JVC) after investment by GAIL. After the incorporation of the subsidiary company, the existing power plants shall be transferred to the subsidiary company through an Asset Transfer Agreement.

The agreement includes transfer of existing 330 MW gas-based power plant in Dholpur, Rajasthan and / or 270.5 MW gas-based power plant in Ramgarh, Rajasthan to the JVC upon satisfactory outcome of the due diligence exercise by the company; and setting up of around 750 MW solar projects and around 250 MW wind power projects in Rajasthan through the JVC for complementing & bundling with the power produced from the existing gas-based power plants. 

In the proposed joint venture, GAIL and RVUNL will hold 50%-50% shareholdings, respectively. 

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

165.60 0.65 (0.39%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 165.60
Gujarat Gas 383.05
Indraprastha Gas 164.55
Mahanagar Gas 1129.20
Adani Total Gas 627.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×