Gail India to invest Rs 6,000 crore on renewables in next three years
State-owned Gail India NSE -0.10 % will invest Rs 6,000 crore in the next three years in renewables, a top official said on Monday. The investment can go up by an additional Rs 20,000 crore by 2030, GAIL NSE -0.10 % India chairman and managing director Manoj Jain told reporters in Mumbai.
GAIL India Director (Finance) Rakesh Kumar Jain said the company, which reported a 112 per cent jump in FY22 post-tax net profit at Rs 10,364 crore, has outlined an overall capital expenditure plan of up to Rs 40,000 crore in the next five years, which will cover a wide array of areas.
