GAIL PLANS MAJOR EXPANSION OF GAS NETWORK

State-run gas utility

plans to expand it's natural gas pipeline network, diversify LNG sourcing and shipping, scale up petrochemicals and LPG infrastructure, and invest in clean-energy technologies as geopolitical disruptions underscore the need for greater energy security. The company’s pipeline network, already India’s largest natural gas transmission system, has expanded to more than 18,690 km, with another 1,500 km under construction. Once those projects are completed, the network is expected to approach 20,000 km. The company's stock price is trading at an attractive P/BV of 1.27. Moreover, the company has been maintaining a healthy dividend payout of 41% making it an attractive investment option for regular income.