GAIL (India) Limited has approved a major expansion of its renewable energy portfolio with the development of a 178.2 MW greenfield wind power project in Maharashtra. The decision was taken at the company’s Board meeting and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The project is expected to cost ₹1,736.25 crore and take 24 months to finish after the Lump Sum Turnkey (LSTK) contract is signed. The company plans to pay for the project with a mix of debt and equity.
This new capacity will significantly enhance GAIL’s renewable energy footprint. At present, the company operates 117.95 MW of renewable energy capacity, which is running at full utilisation. In addition, GAIL has 27 MW of solar projects located in Rajasthan, Uttar Pradesh and Madhya Pradesh. Its existing wind power assets are spread across Gujarat (19.2 MW), Karnataka (38.1 MW) and Tamil Nadu (60.65 MW).
Expanding Clean Energy Portfolio
The Maharashtra wind project forms part of GAIL’s broader strategy to diversify its energy mix and increase renewable capacity as it works toward its climate goals.
According to the company, “GAIL has set a target of achieving net zero through reduction in Scope-1 and Scope-2 (carbon) emissions by 2035 and Scope-3 emissions by 2040. GAIL plans to increase its renewable energy capacity up to 3.4 GW by the year 2035 to achieve the net zero targets.”
Alongside wind and solar projects, GAIL is also investing in green hydrogen and compressed biogas (CBG) initiatives to align with India’s national energy transition objectives.
Strengthening Sustainability and Business Growth
The addition of 178.2 MW of wind capacity is expected to strengthen the company’s long-term sustainability profile and reinforce its presence in the renewable energy segment. The move reflects GAIL’s commitment to supporting India’s clean energy transition while driving future business growth.
GAIL is India’s largest natural gas transmission and marketing company, operating an extensive pipeline network of around 18,000 km across the country. Apart from being the leading gas marketer, the company also manages an LPG portfolio and operates petrochemical plants in Pata, Uttar Pradesh, and Assam.
On the stock market, GAIL’s shares closed at ₹168.85 on Friday, down 1.11 percent in intra-day trade. Over the last five trading sessions, the stock has gained 0.46 percent.
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