September 21, 2026: The Petroleum and Natural Gas Regulatory Board has granted approval to GAIL India for transferring six of its city gas distribution geographical areas to its subsidiary, GAIL Gas.
This restructuring is a strategic move designed to consolidate and boost the asset value of the city gas distribution business. By shifting these geographical areas to the subsidiary, GAIL India clears the runway for a planned public listing of GAIL Gas.
(Source: ICN)
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