GAIL (India) Limited, a Maharatna PSU, has entered into a Share Subscription-cum-Shareholders Agreement with TruAlt Bioenergy Limited (TBL) and Leafiniti Bioenergy Private Limited (LBPL) on August 11, 2025.
The agreement paves the way for GAIL to acquire a 49% equity stake in LBPL, subject to the satisfactory completion of conditions precedent and approval from the Department of Investment and Public Asset Management (DIPAM).
The acquisition aligns with GAIL’s diversification strategy and supports India’s renewable energy push. By partnering with TBL, GAIL aims to accelerate the development of CBG infrastructure, which plays a vital role in sustainable energy transition and reducing dependency on fossil fuels.
GAIL (India) Limited shares were trading at ₹174.25, up ₹1.23 or 0.71% at 11:42AM on the NSE from the previous close of ₹173.02. The stock opened flat at ₹173.00, touched an intraday high of ₹174.65, and a low of ₹172.48. The volume-weighted average price (VWAP) stood at ₹173.82.
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Once approved and completed, the transaction will position GAIL as a significant player in India’s growing CBG market, furthering its commitment to clean energy initiatives. With structured governance rights and a clear project roadmap, the partnership with TBL and LBPL is set to bolster GAIL’s renewable portfolio in the coming years.
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Published on: Aug 12, 2025, 2:15 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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