GAIL to Set Up 600 MW Solar Project in Uttar Pradesh
GAIL (India) Limited, a Government of India Undertaking and a Maharatna Company, announced the approval of a major renewable energy initiative. The company's Board of Directors approved the setting up of a Greenfield 600 MW Solar Project in Uttar Pradesh during a meeting held on April 13, 2026.The solar project aims to significantly boost the company's renewable energy portfolio. According to the details provided, the facility will feature a 600 MW solar capacity coupled with a 550 MWh co-located BESS (Battery Energy Storage System).
The company detailed the project specifications, which include an existing solar capacity of approximately 29 MW. This proposed addition of 600 MW represents a substantial expansion of the facility's total capacity.
| Parameter | Detail |
|---|---|
| Existing Solar Capacity | ~29 MW |
| Existing Capacity Utilization | Full Capacity |
| Proposed Capacity Addition | 600 MW Solar with 550 MWh co-located BESS |
| Total Project Cost | INR 3294.86 Crores (including IDC, taxes and various associated expenditure) |
| Mode of Financing | Debt and Equity |
| Period for Addition | 15 months from award of EPC contract |
The total investment required for the project stands at INR 3294.86 Crores, covering all associated expenditures including IDC and taxes. The project's implementation timeline mandates that the proposed capacity addition be achieved within 15 months from the award of the Engineering, Procurement, and Construction (EPC) contract.
The company stated that the primary rationale behind the large-scale greenfield project is supporting the company's business growth. The Board meeting approving the initiative commenced at 6:20 p.m. and concluded at 6:45 p.m. on April 13, 2026.
GAIL Stock Price Movement
Today, GAIL (India) Limited shares shed 0.32% in post-market trading, settling at ₹153.71 after falling ₹0.50. The stock saw considerable interest today, trading on a robust volume of 15.55 million shares.Source:
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