GAIL to invest in startups operating in focus areas including natural gas, energy

GAIL

The largest gas transmission and distribution company in the country, GAIL (India) Ltd, plans to invest in start-ups operating in identified focus areas like natural gas, petrochemicals, energy, and electric mobility to support them. This initiative is called “Pankh,” and it was created to support startups.

The company said in a statement that it has “opened a fresh round for soliciting investment proposals from the startups operating in focus areas” that primarily include natural gas, petrochemicals, energy, project management, logistics, electric mobility, bio manure marketing, nanomaterials, IoT and data mining, environment, health, and social. Details of focus areas are available on the GAIL website.

“Startups interested in equity investment from GAIL can submit an application using the GAIL website’s “GAIL Pankh” link. through July 31, 2022, the current solicitation round will be open “It was added.

GAIL has plans to start distributing Liquefied Natural Gas (LNG) output earlier last month to deliver the fuel to users.