GAIL Approves Merger of Konkan LNG Limited to Build Vertically Integrated Entity
GAIL (India) Limited, a Government of India undertaking and Maharatna Company, approved the scheme of merger involving Konkan LNG Limited (KLL) on July 31, 2026. The decision aims to streamline group operations and enhance efficiency by integrating the entities into a larger, stronger structure.The Board of Directors approved the merger, which involves GAIL and KLL. This transaction consolidates the activities of both companies into a single entity. As per the details provided in the approval, Konkan LNG Limited (KLL) is a wholly owned subsidiary of GAIL. Upon the scheme becoming effective, KLL will be dissolved without being wound up in accordance with Section 233 of the Companies Act, and all equity shares of KLL shall be cancelled following the merger.
The rationale behind the amalgamation is to create a larger and stronger vertically integrated entity while simplifying and rationalizing the overall group structure to enhance operational efficiencies across the business.
Details regarding both companies prior to the merger are summarized below:
| Feature | GAIL (India) Limited | Konkan LNG Limited (KLL) |
|---|---|---|
| Turnover for FY 2025-26 | Rs. 1,41,483 Crore | Rs. 741 Crore |
| Primary Business Area | Marketing and Transportation of natural gas, petrochemicals, liquid hydrocarbon, etc. | Owns and Operates LNG regasification terminal at Dabhol, Ratnagiri, Maharashtra |
The merger involves KLL, which is a wholly owned subsidiary of GAIL, and GAIL (India) Limited as the transferee company. The board meeting was held on July 31, 2026, concluding at 01:55 p.m. There will be no change in GAIL's shareholding pattern following this transaction.
GAIL Stock Price Movement
Shares of GAIL (India) Limited are edging higher to ₹177.11 as of 2:35 PM today, gaining 2.00%. The stock sees active market interest, trading on a volume of 7.55 million shares so far in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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