GAIL to invest ₹3800 crore in 700 MW solar power projects in UP & Maharashtra
GAIL (India) Limited will invest ₹3800 crore in 700 MW solar power projects across Uttar Pradesh and Maharashtra. The projects include a 600 MW solar plant with BESS in UP and a 100 MW solar plant with BESS in Maharashtra. This investment aims to increase GAIL's renewable energy capacity to over 1,000 MW.
The investment of ₹3800 crore in 700 MW of solar power projects is a substantial capital expenditure that will significantly increase the company's renewable energy capacity. This move aligns with strategic goals for energy transition and environmental responsibility, impacting the company's long-term operational and financial profile.
The announcement details a significant investment in renewable energy projects, which aligns with the company's Net Zero targets and India's energy transition goals. This expansion is expected to substantially increase GAIL's renewable energy capacity, indicating positive future growth and environmental commitment.
GAIL (India) Limited has approved the establishment of 700 MW of solar power projects, involving an investment of ₹3800 crore, in Uttar Pradesh and Maharashtra.
As part of this initiative, GAIL will develop a 600 MW Solar Power Project along with a 550 MWh Battery Energy Storage System (BESS) at TUSCO Solar Park Jhansi in Uttar Pradesh. This project will primarily cater to the captive energy requirements of GAIL’s Petrochemical Plant at Pata in Auraiya district.
Additionally, the company will set up a 100 MW Solar Power Project with a 22 MWh BESS in Chhatrapati Sambhaji Nagar district (formerly Aurangabad) in Maharashtra. This facility will mainly serve the captive requirements of GAIL’s PDH -PP Plant at Usar in Raigad district.
These projects are a significant step towards achieving GAIL's Net Zero targets and align with India's energy transition goals. The integration of advanced energy storage systems will ensure efficient utilization of solar power by addressing intermittency challenges and enabling round-the-clock availability of Renewable Energy.
Shri Deepak Gupta, Chairman & Managing Director, stated that GAIL’s installed renewable energy capacity will increase substantially to over 1,000 MW from the current 147 MW upon commissioning of these projects. This expansion reinforces GAIL’s strategic vision of aligning its growth with environmental responsibility and ensuring long-term energy security.
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GAIL (India) Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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