GAIL (India) has increased its startup investment fund from Rs. 1 billion (over $11.53 million) to Rs. 5 billion (over $57.67 million) to support emerging startups, particularly in clean energy, renewables, energy storage, electric mobility, and digital transformation.

Launched in July 2017, GAIL’s ‘Pankh’ initiative has backed 36 startups across various sectors, including compressed biogas (CBG), electric mobility, and environmental solutions. The company’s renewable energy capacity stands at approximately 132 MW, with 118 MW from wind and 14 MW from solar. Additionally, GAIL is expanding into biofuel production and exploring opportunities in ethanol and hydrogen.

To support its electrolyzer project in Vijaipur, Madhya Pradesh, GAIL is setting up 20 MW of solar power projects while also sourcing renewable energy from open access. In October 2024, the company invited bids for a 7.75 MW floating solar project at Vijaipur.

According to its 2023-24 annual report, GAIL’s rooftop solar system at its Pata plant in Uttar Pradesh helped cut greenhouse gas emissions by 199 tCO2e in FY 2023-24. Renewable electricity consumption rose from 92,182 gigajoules in 2022-23 to 1,16,872 gigajoules in 2023-24.

GAIL has set ambitious sustainability targets, aiming for a 100% reduction in Scope 1 and Scope 2 emissions by 2035 and a 35% cut in Scope 3 emissions by 2040.

In January last year, GAIL partnered with TruAlt Bioenergy, investing $72 million in a joint venture to develop CBG projects. Through its stake in TruAlt’s Leafiniti Bioenergy, GAIL is involved in one of India’s largest CBG plants.