GAIL acquires 49% stake in Leafiniti Bioenergy, invests Rs 130 million for green energy push

• GAIL (India) Limited invests Rs 130 million to acquire a 49% equity stake in Leafiniti Bioenergy Private Limited, a subsidiary of TruAlt Bioenergy Limited.
• The joint venture will establish multiple greenfield Compressed Biogas (CBG) plants across Karnataka, Maharashtra, and Odisha, with TruAlt retaining a 51% stake.
• The first phase includes six plants, each producing 12 tonnes per day of CBG, totaling 23,976 tonnes annually, along with significant organic manure production.
• Projects are expected to create 820-1,225 jobs, displace 19,800 tonnes of fossil fuels, and reduce methane emissions by 9,300 tonnes annually.
• GAIL also reported a nine-month net profit of Rs 5,706 crores for FY 2025-26 and commissioned the 1,182-km Mumbai-Nagpur-Jharsuguda Pipeline, expanding its network to over 18,000 km.