GAIL (India) Limited has announced plans to invest in start-up companies operating in the area of Compressed Bio Gas (CBG) through its start-up initiative 'Pankh'.

 

GAIL has opened a fresh round for solicitation of investment proposals from start-ups operating specifically in the area of CBG. The start-ups that are interested in equity investment from GAIL can apply on GAIL's website gailonline.com. The solicitation round is open till July 24, 2020.

 

India has vast biomass resources and the government is giving special emphasis on its utilization by encouraging setting-up of CBG plants. Further, oil & gas companies are ready to give commitment for offtake of CBG through the issue of Letter of Intent (LoI) thus providing good business opportunity to start-ups operating in this area.

 

Start-ups operating in different fields of CBG - Start-ups providing technology; Start-ups planning to expand their existing CBG plants; and Start-ups planning to set up new CBG plants can apply in this round. 

 

GAIL had launched ambitious start-up initiative 'Pankh' in July 2017 to invest in promising start-ups so far GAIL has made investments in 24 start-ups operating in various areas through four solicitation rounds.