GAIL (India) Ltd. Acquires 49% Stake in Leafiniti Bioenergy Private Limited
GAIL (India) Limited announced on March 18, 2026, the acquisition of a 49% equity stake in Leafiniti Bioenergy Private Limited (LBPL). LBPL operates a Compressed Bio Gas (CBG) plant with a capacity of 10.2 TPD of CBG located in Karnataka.LBPL’s turnover for the fiscal year 2024-25 was Rs. 28.42 crore. The acquisition, which involved a cash consideration, will not be classified as a related party transaction. GAIL's investment is intended to facilitate the establishment of new CBG projects through LBPL.
The acquisition cost totaled Rs. 13,54,32,150, representing 1,35,43,215 equity shares at a face value of Rs. 10 per share. The transaction received concurrence from DIPAM on January 22, 2026, following a communication from the Ministry of Petroleum and Natural Gas (MOPNG) on February 4, 2026.
LBPL was incorporated in December 2021 and has demonstrated the following revenue performance:
| Fiscal Year | Turnover (Crore) |
|---|---|
| 2024-25 | 28.42 |
| 2023-24 | 10.10 |
| 2022-23 | 9.29 |
LBPL's operations are currently based in India.
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