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State-run GAIL India Ltd on Wednesday, March 25, approved an equity investment of up to $64 million (around ₹530 crore) in its wholly owned subsidiary GAIL Global (USA) Inc.
According to an exchange filing, the investment will be made in one or more tranches and is primarily aimed at reducing the subsidiary’s outstanding loan obligations related to its shale assets in the Eagle Ford basin in Texas, the company said. GAIL Global (USA) Inc., which operates in the oil and gas sector, reported a standalone turnover of $7.6 million in calendar year 2025.
The company clarified that the transaction does not fall under related party transactions and will be executed through cash consideration via subscription to equity shares at face value. GAIL will continue to hold 100% ownership in the US-based arm.
Separately, GAIL’s board also approved a revision in completion timelines for key pipeline projects. The Durgapur–Haldia and Dhamra–Haldia sections of the Jagdishpur–Haldia–Bokaro–Dhamra pipeline project have been delayed from March 2026 to September 2026 due to issues related to right of use (RoU) and fisheries clearances.
In addition, the company revised the completion schedule for the Mumbai–Nagpur–Jharsuguda pipeline project to June 2026, citing phased commissioning of various sections and pending work in Maharashtra. The extension is subject to regulatory approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).
All decisions were approved by the board at its meeting held on March 25, 2026, the company said in its filing.
Shares of GAIL (India) Ltd ended higher on Wednesday, March 25, by 1.11% at 139.20 on the NSE.
According to an exchange filing, the investment will be made in one or more tranches and is primarily aimed at reducing the subsidiary’s outstanding loan obligations related to its shale assets in the Eagle Ford basin in Texas, the company said. GAIL Global (USA) Inc., which operates in the oil and gas sector, reported a standalone turnover of $7.6 million in calendar year 2025.
The company clarified that the transaction does not fall under related party transactions and will be executed through cash consideration via subscription to equity shares at face value. GAIL will continue to hold 100% ownership in the US-based arm.
Separately, GAIL’s board also approved a revision in completion timelines for key pipeline projects. The Durgapur–Haldia and Dhamra–Haldia sections of the Jagdishpur–Haldia–Bokaro–Dhamra pipeline project have been delayed from March 2026 to September 2026 due to issues related to right of use (RoU) and fisheries clearances.
In addition, the company revised the completion schedule for the Mumbai–Nagpur–Jharsuguda pipeline project to June 2026, citing phased commissioning of various sections and pending work in Maharashtra. The extension is subject to regulatory approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).
All decisions were approved by the board at its meeting held on March 25, 2026, the company said in its filing.
Shares of GAIL (India) Ltd ended higher on Wednesday, March 25, by 1.11% at 139.20 on the NSE.
