More Stories

Informist, Tuesday, Dec. 23, 2025

--GAIL, Chhattisgarh govt signs MoU to develop gas-based fertiliser project

MUMBAI – GAIL (India) Ltd. Tuesday said it has signed a non-binding memorandum of understanding with the Chhattisgarh government to develop a greenfield gas-based fertiliser project in the state. As per the agreement, GAIL (India) will undertake detailed studies to set up a 1.27-million-ton urea-manufacturing plant along its Mumbai–Nagpur–Jharsuguda natural gas pipeline corridor. Based on the evaluation, the company will make an investment decision on setting up the project, the gas major said in an exchange filing.

The state government will provide support for the project, including for feasibility studies, identification and allocation of suitable land parcels, coordination with state and central authorities, facilitation for statutory approvals, and enabling infrastructure, the company said.

The memorandum of understanding was signed in the presence of Chhattisgarh Chief Minister Vishnu Deo Sai by Rajat Kumar, secretary of commerce and industries, government of Chhattisgarh, and Rajeev Kumar Singhal, director of business and development, GAIL (India).

For the September quarter, the company had reported a net profit of INR 22.17 billion on a revenue of INR 350.31 billion. Tuesday, shares of the company ended marginally higher at INR 172.04 on the National Stock Exchange.  End

Reported by Adhithya Aji

Edited by Nishant Maher

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.