GAIL India shares jump 2% after 600 MW solar project, pipeline order book update

NSE filing data on April 15 showed that GAIL India's board of directors approved the company's plans to invest a total of ₹3,800 crore in setting up 700 MW solar power projects in the states of Uttar Pradesh and Maharashtra, as the company chases its 'net zero' emission targets.

“GAIL’s installed renewable energy capacity shall increase substantially to over 1,000 MW from the current 147 MW upon commissioning of these projects,” said Deepak Gupta, Chairman & Managing Director of GAIL India.

Gupta also said that these projects reinforces GAIL’s role in driving India’s energy transition and strengthen its position as an integrated energy major with a balanced portfolio of conventional and green energy assets.

600 MW solar project

After the market operating hours on Monday, April 13, GAIL India announced that the company will be investing ₹3,294.86 crore including taxes, setting up the 600 MW greenfield solar energy project in Uttar Pradesh with 550 MWh co-located BESS, according to the NSE filing.

The company also disclosed that this greenfield project will come in addition to the existing 29 MW capacity which is currently under full operation. GAIL India is estimated to complete the project within 15 months from the date of allotment.

The PSU firm will be financing the project through the help of a combination of debt and equity in efforts to grow the company’s business.

As of 9:27 am on April 15, GAIL India shares were trading 1.4% higher at ₹155.95, compared to the previous market close level of ₹153.71, according to the data collected from NSE website.

Delay in pipeline project schedule

GAIL India also announced that the Kochi-Koottanad-Bengaluru-Mangaluru pipeline project will not have a revised completion schedule, expected to be completed by September 2026, factoring in the delay.

“Delay in availability of hindrance free fronts,” the company informed the stock exchanges.

The filings also showed that the 919 kilometre (km) of the pipeline has been laid, out of which 657 km of pipeline has been commissioned into operations. The company was authorised to make a 1,104 km pipeline.

GAIL India share price trend

GAIL India shares closed 0.24% higher at ₹153.71 after Monday’s market session, compared to ₹154.08 at the previous trading close, according to NSE data. The Indian stock markets remained closed on Tuesday, April 14 due to a scheduled market holiday.

Shares of GAIL India have delivered more than 63% returns on their investment in five years and more than 42% returns in the last three years. However, the exchange data also showed that the company’s stock has lost 14% in the past one year period.

On a year-to-date (YTD) basis, the PSU stock is down 10%, but has risen 2.9% in one month. GAIL India stock is trading 0.18% higher over the last five market sessions, according to NSE data.

PSU stock GAIL India shares hit their 52-week high of ₹202.79 on June 12, 2025, while the 52-week low was at ₹134.36 on March 23, 2026. The company’s market capitalisation (M-Cap) stood at more than ₹1.02 lakh crore as of early market hours on Wednesday, April 15, 2026.