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GAIL invests $1.6M for 49% stake in Leafiniti Bioenergy to build six biogas plants.
GAIL (India) Limited is investing Rs 130 million to acquire a 49% stake in Leafiniti Bioenergy to develop six greenfield Compressed Biogas plants across three states.
The joint venture aims to produce over 23,000 tonnes of CBG annually, displace fossil fuels, and create jobs.
Additionally, GAIL commissioned a new natural gas pipeline and reported a nine-month net profit of Rs 5,706 crore.
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GAIL invierte $1.6M por 49% de participación en Leafiniti Bioenergy para construir seis plantas de biogás.