GAIL (India) Shares Climb Over 3% After MoU with Karnataka for 1 GW Renewable Energy Projects

May 13, 2025 – Bengaluru — Shares of GAIL (India) Ltd. surged over 3.3% on the BSE today, trading at ₹187.80, after the company signed a significant Memorandum of Understanding (MoU) with the Government of Karnataka. The MoU outlines GAIL’s intent to develop up to 1 GW of renewable energy projects in the state over the next five years.

The stock opened at ₹186.75, reached an intraday high of ₹188.75, and witnessed trading volume exceeding 2.92 lakh shares. The company’s market capitalization now stands at ₹1.23 lakh crore.

🔋 Details of the MoU: GAIL’s Renewable Push

Under the MoU, the Karnataka state government will assist GAIL in obtaining:

• Regulatory approvals

• Land and infrastructure permissions

• Fiscal incentives and clearances from relevant departments

GAIL aims to commission 1 GW of renewable energy capacity in Karnataka by 2030, with a focus on solar, wind, and hybrid energy projects. This initiative aligns with GAIL’s long-term goal of achieving net-zero carbon emissions by 2035.

📊 GAIL Share Performance Snapshot

• Current Price: ₹187.80

• Previous Close: ₹181.70

• Day’s High/Low: ₹188.75 / ₹186.10

• 52-Week High: ₹246.35 (July 31, 2024)

• 52-Week Low: ₹150.60 (March 4, 2025)

• 1-Week Range: ₹193.05 – ₹177.65

• Face Value: ₹10

• Market Cap: ₹1,23,447.50 crore

Shareholding Pattern:

• Promoters: 51.88%

• Institutions: 41.43%

• Retail/Non-Institutions: 6.68%

🌱 Green Energy Commitment

GAIL’s move into Karnataka’s renewable energy space is part of its broader diversification strategy. With rising demand for sustainable energy, the company is ramping up its green portfolio, in addition to its core businesses of:

• Natural gas transmission and trading

• LPG and LNG operations

• Petrochemicals and city gas distribution

This is one of several renewable initiatives undertaken by the PSU to decarbonize its operations and contribute to India’s energy transition goals.

📌 Strategic Importance

Karnataka is a leading renewable energy hub, offering favorable policies and infrastructure for large-scale RE deployment. GAIL’s entry into the state’s green energy sector marks a strategic collaboration that could serve as a blueprint for future public-private clean energy partnerships.