GAIL TO INVEST Rs 3,800 CRORE FOR 700 MW SOLAR PROJECTS IN UP AND MAHARASHTRA

will be making an investment of Rs 3,800 crore to develop two solar power projects of total 700 MW capacity across Uttar Pradesh and Maharashtra, marking a significant step in its renewable energy expansion strategy. The first project is of 600 MW (integrated with a 550 MWh Battery Energy Storage System) at the TUSCO Solar Park in Jhansi (UP). The second project is of 100 MW (with a 22 MWh Battery Energy Storage System) in Chhatrapati Sambhaji Nagar district in Maharashtra. This investment underscores the company's push to diversify it's portfolio and strengthen it's position as an integrated energy player, while contributing to India’s broader energy transition and net-zero ambitions. The stock is currently trading at an attractive P/E of 11.8, and a P/B of 1.15. Moreover, the company has been maintaining a healthy dividend payout of 45% thereby making it a good investment for regular income.