GAIL (India) Limited has approved a major renewable energy expansion project with plans to develop a large-scale greenfield solar power plant in Uttar Pradesh.
The project marks a significant step in the company’s strategy to strengthen its clean energy portfolio and diversify beyond conventional energy operations.
The company’s board has approved the setting up of a 600 MW greenfield solar project in Uttar Pradesh.
The facility will also include a co-located Battery Energy Storage System (BESS) of 550 MWh, enhancing grid integration and renewable power reliability.
The project is expected to be commissioned within 15 months from the award of the EPC contract.
The total project cost has been estimated at ₹3,294.86 crore, including interest during construction, taxes, and other associated expenditures. The investment will be financed through a combination of debt and equity.
The planned capital deployment reflects GAIL’s increasing focus on scaling its renewable energy investments.
GAIL currently has an operational solar capacity of around 29 MW, which is fully utilised. The proposed project will significantly expand its solar generation footprint and strengthen its position in the renewable energy segment.
The addition of battery storage also aligns with the evolving industry trend towards integrated renewable-plus-storage infrastructure.
Read More: JioBlackRock Flexi Cap Fund Exits Swiggy, Adds ICICI Pru AMC In March Reshuffle!
As of 13 April 2026, GAIL share price closed at ₹153.58 per share, reflecting a decline of 0.32% from the previous closing price.
GAIL’s approval of the 600 MW solar and battery storage project underscores its commitment to expanding in clean energy and building long-term growth avenues beyond its traditional gas business.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 15, 2026, 8:51 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
