GAIL (India) Limited has announced a revision in the completion schedule for its Srikakulam Angul Pipeline Project, extending the timeline from December 2025 to June 2026. The announcement was made through a regulatory disclosure under Regulation 30 of SEBI LODR Regulations, 2015, following approval by the company's Board of Directors on January 03, 2026.

Project Overview

The Srikakulam Angul Pipeline Project represents a significant infrastructure development comprising a total length of 744 km. The project is structured in two main components: a 422 km main pipeline and a 322 km spur pipeline, designed to enhance the natural gas distribution network in the region.

Completion Status and Challenges

The main pipeline component has achieved full operational status, with the entire 422 km length commissioned on September 26, 2025. However, progress on the spur line has encountered regulatory delays that necessitated the schedule revision.

For the 322 km spur pipeline, GAIL has successfully completed 280 km of construction. The remaining work has been impacted by delays in obtaining forest working permissions for a 56 km stretch of the pipeline route.

Regulatory Approval Timeline

The company faced sequential approval challenges that affected project execution:

• Forest working permissions were received progressively until June 23, 2025
• Tree cutting permissions followed sequentially through September 2025
• Tree cutting operations are currently in progress for the affected sections

These regulatory processes have directly contributed to the six-month extension in the project completion timeline.

Board Approval and Compliance

The schedule revision received formal approval from GAIL's Board of Directors during their meeting held on January 03, 2026. The meeting commenced at 2:00 PM and concluded at 4:30 PM, with the decision forming part of the company's compliance obligations under SEBI listing regulations.

The disclosure emphasizes that no additional investment is required for the revised completion schedule, indicating that the delay is primarily operational rather than financial in nature. This project revision reflects the complex regulatory environment surrounding infrastructure development in India, particularly for projects traversing forest areas that require multiple levels of environmental clearances.

GAIL (India) Ltd. executed a significant block trade on the National Stock Exchange (NSE), marking notable institutional activity in the gas distribution sector. The transaction represents one of the substantial block deals recorded on the exchange.

Block Trade Details

The block trade involved a considerable volume of shares with specific pricing parameters that highlight the scale of institutional participation.

Market Significance

Block trades represent large-volume transactions that are typically executed by institutional investors, mutual funds, insurance companies, or other significant market participants. These transactions are conducted outside the regular market mechanism to avoid impacting the stock's regular trading price and liquidity.

The transaction involving over 10 lakh shares demonstrates substantial institutional interest in GAIL (India) Ltd. Such block deals often indicate strategic portfolio adjustments by large investors or institutional rebalancing activities.

Transaction Impact

The execution of this block trade at ₹172.35 per share provides insight into institutional valuation of the company's shares. Block trades serve as an important indicator of institutional sentiment and can reflect confidence levels among large investors regarding the company's prospects.

The substantial volume of 1,003,233 shares traded in a single block transaction underscores the liquidity available in GAIL's stock and the presence of active institutional participation in the counter.