GAIL Acquires Stake in Leafiniti Bioenergy to Expand CBG Business
GAIL (India) Limited has acquired a 49% equity stake in Leafiniti Bioenergy Private Limited for ₹13.54 crore, marking a strategic move to strengthen its presence in the compressed biogas (CBG) segment. The investment aligns with the company’s long-term focus on expanding its renewable energy portfolio and supporting India’s clean fuel transition. (PSU Connect)
Leafiniti Bioenergy operates a CBG plant in Karnataka with a production capacity of 10.2 tonnes per day. Through this partnership, GAIL aims to participate in future bioenergy projects and scale up its footprint in the fast-growing CBG market. (PSU Connect)
The acquisition has been completed after receiving necessary regulatory approvals and is part of GAIL’s broader strategy to diversify beyond traditional natural gas operations. With rising focus on sustainable energy, the company is positioning itself as a key player in India’s biofuel ecosystem, contributing to reduced carbon emissions and energy security.