GAIL to invest in start-ups operating in focus areas; Stock gains over 1%

7 Jul 2022 , 09:16 AM

In a bid to support the Start-Ups operating in identified Focus Areas, GAIL (India) Limited has planned to invest in such companies through its Start-Up initiative ‘Pankh’.

As per the press release on Wednesday, GAIL has now opened a fresh round for solicitation of Investment Proposals from the Start-Ups operating in focus areas which mainly includes Natural Gas, Petrochemicals, Energy, Project Management, Logistics, Electric Mobility, Bio Manure Marketing, Nano Materials, IoT and Data Mining, Environment, Health and Social, etc. Further details of focus areas are available on GAIL website under the ‘GAIL Pankh’ Section.

Also, the Start-Ups interested in equity investment from GAIL can apply through link ‘GAIL Pankh’ on GAIL website. The current Solicitation Round will remain open till July 31, 2022.

On Thursday morning trade, GAIL (India) was trading at Rs135.20 per share up by Rs1.65 or 1.24% from its previous closing of Rs133.55 per share on the BSE.