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GAIL board approves ₹1,736 crore wind power project in MaharashtraShares of GAIL ended today's trade 0.6% lower at ₹168.85 on the NSE.By Bhupendra Paintola  February 27, 2026, 7:43:44 PM IST (Published)2 Min ReadState-owned gas utility GAIL India Ltd on Friday (February 27) said the board has cleared the proposal to invest ₹1,736.25 crore in setting up a 178.2 MW greenfield wind power project in Maharashtra.

The proposed 178.2 MW capacity will be added over a period of 24 months from the award of the LSTK (Lump Sum Turnkey) contract. GAIL currently has an existing wind capacity of 117.95 MW, which is operating at full capacity. The new project will substantially scale up its renewable portfolio.

The total investment required for the project is ₹1,736.25 crore, to be financed through a mix of debt and equity. The company said the capacity addition is aimed at supporting its “business growth.”

With this addition, GAIL’s renewable energy portfolio will expand beyond its current installed capacity of 145 MW of alternative energy, comprising 118 MW of wind and 27 MW of solar projects spread across Gujarat, Karnataka, Tamil Nadu, Rajasthan, Uttar Pradesh and Madhya Pradesh.

The renewable push also comes amid broader strategic developments. For instance, state-owned NTPC Green Energy Ltd on January 15 approved a 50:50 joint venture with GAIL (India) Limited.

Meanwhile, the Ministry of Petroleum and Natural Gas has proposed transferring GAIL’s stake in city gas distribution firms to GAIL Gas through a demerger or share transfer, followed by a proposed listing and minority stake dilution via an IPO.

: Govt plans GAIL Gas IPO in FY28, eyes ₹3,100 crore

Incorporated in 1984 as a Maharatna PSU under the Ministry, GAIL operates across the natural gas value chain with a pipeline network of over 15,000 km, supplying around 52% of India’s natural gas.

On the financial front, the company's revenue declined 2.7% to ₹34,075.8 crore in Q3 FY26 from ₹35,031.2 crore in the previous year.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) declined 17% to ₹2,655.2 crore from ₹3,190.6 crore in the third quarter last year.

Shares of GAIL ended today's trade 0.6% lower at ₹168.85 on the NSE. Recently, brokerage firm Kotak Institutional Equities reiterated its 'Sell' rating on the stock with a price target of ₹145 per share.Continue Reading(Edited by : Jomy Jos Pullokaran)TagsGAILrenewable energyshare market today