GAIL (India) Limited has informed the Exchange about Acquisition of equity shares in Leafiniti Bioenergy Private Limited
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GAIL (India) has acquired a 49% equity stake in Leafiniti Bioenergy Private Limited (LBPL), a compressed bio gas (CBG) company, for Rs. 13.54 crore in cash (1.35 crore shares at Rs. 10 face value). LBPL operates a 10.2 tonnes per day CBG plant in Karnataka and reported a turnover of Rs. 28.42 crore in FY25, up sharply from Rs. 10.10 crore in FY24. The acquisition has received approvals from the Ministry of Petroleum and Natural Gas and DIPAM, and the deal was completed on 18.03.2026. The investment is part of GAIL's strategy to set up new CBG projects through LBPL, expanding its presence in the bio-energy space. The transaction is not a related-party deal.
This is a small-ticket strategic investment (Rs. 13.54 crore) for GAIL, giving it a foothold in the fast-growing CBG/biofuel sector aligned with India's clean energy push. Limited immediate impact on earnings, but positive signal for long-term diversification into renewable gas.