GAIL (India) Limited has officially signed contract agreements with TUSCO Limited for establishing a 600 MW solar power project at TUSCO's Solar Park in Jhansi, Uttar Pradesh. The contract agreements were executed by Shri Parivesh Chugh, Executive Director (SD & Renewables), GAIL and Shri Anil Tyagi, CEO, TUSCO Ltd., marking a significant milestone in GAIL's renewable energy expansion strategy.

Contract Details and Project Specifications

The solar power project will be integrated with a 550 MWh Battery Energy Storage System (BESS) to ensure consistent power supply and address intermittency challenges. The project is strategically designed to meet the captive energy requirements of GAIL's Petrochemical Plant at Pata in Auraiya district of Uttar Pradesh, while also supporting additional demand from electrification of gas-based equipment and CBG plants being established in the state.

Strategic Partnership and Leadership

The contract signing ceremony was conducted in the presence of Shri R K Singhal, Director (Business Development), GAIL, Shri Neeraj Verma, Executive Director, THDC, and other senior officials from both organizations. This collaboration represents GAIL's commitment to expanding its renewable energy portfolio while strengthening its operational presence in Uttar Pradesh.

Comprehensive Solar Initiative Across States

This Jhansi project forms part of GAIL's broader Rs 3,800 crore investment in renewable energy infrastructure, encompassing 700 MW of total solar capacity across Uttar Pradesh and Maharashtra. The comprehensive initiative includes an additional 100 MW Solar Power Project with 22 MWh BESS in Chhatrapati Sambhaji Nagar district, Maharashtra, serving the captive requirements of GAIL's PDH-PP Plant at Usar in Raigad district.

Management Commentary and Future Outlook

Speaking on the occasion, Shri R K Singhal, Director (Business Development), GAIL, stated, "This solar project reflects GAIL's commitment for diversifying into low-carbon and sustainable energy solutions." He emphasized that the project underscores GAIL's commitment to expand its business footprint in Uttar Pradesh while contributing to India's renewable energy transition.

Upon commissioning of these projects, GAIL's installed renewable energy capacity will increase substantially to over 1,000 MW from the current 147 MW, reinforcing the company's position as an integrated energy major with a balanced portfolio of conventional and green energy assets.

GAIL (India) Limited has submitted its mandatory half-yearly statement under SEBI Master Circular for debt securities for the period ended March 31, 2026. The disclosure, filed with both National Stock Exchange of India Limited and BSE Limited, provides comprehensive details about the company's outstanding debt securities as required under Paragraph 9.1(a) of Chapter VIII of SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024.

Half-Year Debt Securities Statement

The latest filing covers the company's private placement debt securities with detailed specifications:

Bond Issue Specifications

The disclosure provides comprehensive details about the significant bond issue:

Credit Rating and Payment Performance

The bonds maintain strong credit fundamentals with AAA ratings from two prominent credit rating agencies:

GAIL has demonstrated consistent payment performance with its latest interest payment details:

Regulatory Compliance Framework

The submission, signed by Company Secretary Deepak Asija on April 10, 2026, fulfills SEBI's requirement for issuers to submit half-yearly data to stock exchanges under the centralized database framework for debt securities. This regulatory mechanism ensures transparency and provides investors with standardized information about private placement debt securities. The company has also copied National Securities Depository Limited and Central Depository Services (India) Limited on the disclosure, maintaining comprehensive regulatory compliance. The bonds are scheduled for final redemption on December 20, 2027, with the full outstanding amount of Rs. 1575 crore remaining intact.