(Business Line)
GAIL (India) Limited launched the 10th round of its start-up funding initiative ‘GAIL Pankh’ on April 1, allowing start-ups to apply for equity investment from the Maharatna PSU until May 31, 2025.
The shares of GAIL (India) Limited were trading at ₹184 up by ₹2.32 or 1.25 per cent on the NSE today at 12.35 pm.
The company is seeking proposals from start-ups operating in natural gas, petrochemicals, energy, project management, e-commerce, fintech, IoT, data mining, environment, health, social, security, and safety sectors. Interested start-ups can apply through the ‘GAIL Pankh’ link on the company’s website.
GAIL has allocated a corpus of ₹500 crore for its start-up initiative, which was initially launched in 2017. To date, the company has conducted nine rounds soliciting investment proposals from innovative start-ups.
The initiative highlights GAIL’s focus on driving excellence through innovation, collaboration, and community engagement in the energy sector. GAIL’s commitment to supporting emerging businesses was recently recognized when it received the ‘Start-Up Excellence Award’ in the ‘Investment in Start-Ups’ category at the Governance Now 11th PSU Awards.
This continued investment in start-ups aligns with GAIL’s strategy to foster innovation across its business sectors while supporting India’s growing entrepreneurial ecosystem. The company’s investment approach targets specialized sectors where technological innovation can contribute to industry advancement.
