GAIL Share Price in Focus as It Signs MoU with Krishak Bharati Cooperative for Andhra Pradesh Fertiliser Project

Written by: Team Angel OneUpdated on: 13 Nov 2026, 7:42 pm IST

GAIL and KRIBHCO have signed an MoU with APEDB to explore a gas-based fertiliser project in Andhra Pradesh.

GAIL has signed an MoU with Krishak Bharati Cooperative (KRIBHCO) and the Andhra Pradesh Economic Development Board (APEDB) to explore the possibility of setting up a gas-based fertiliser project in the state, as per the exchange filing.

The proposed project is being explored at Mulapeta in Andhra Pradesh's Srikakulam district. If taken forward, the planned facility is envisaged to produce urea.

Proposed Capacity of 1.27 MMTPA

The urea production facility is envisaged with a capacity of 1.27 million metric tonnes per annum.

The proposed location is along GAIL's Srikakulam Angul Natural Gas Pipeline, which has been identified as part of the project plan.

MoU Signed at CII Partnership Summit

The agreement was signed on November 12 at the 31st CII Partnership Summit 2026 in Visakhapatnam.

GAIL, KRIBHCO and APEDB have come together under the MoU to explore the opportunity for the proposed project in Andhra Pradesh.

As of 13 November 2026, at 10:46 AM, Gail (India) Ltd share price is trading at ₹188.64 per share, reflecting a surge of 0.39% from the previous trading session.

Conclusion

The MoU marks the start of a joint effort by GAIL, KRIBHCO and APEDB to explore a gas-based urea project in Andhra Pradesh. The proposed facility at Mulapeta is envisaged with an annual production capacity of 1.27 MMTPA.

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: Nov 13, 2026, 2:12 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More