GAIL India to invest in startups through its initiative ‘Pankh’

Share on facebook
Share on google
Share on twitter
Share on linkedin
Time to Read: 1 minute
 
Indian government agency Gail (India), on April 5, said that it was going to invest in startups to operating in focus areas through its initiative ‘Pankh’.

The public service undertaking has even opened a fresh round for solicitation of investment proposals from the startups which operate in natural gas, petrochemicals, energy, project management, bio-manure marketing, nano materials, IoT, data mining, environment, health and social, it said in a regulatory filing.

 

No plan to split GAIL: Oil Minister Dharmendra Pradhan

“The further details of Focus Areas are available on GAIL website under GAIL PANKH Section. The Start-Ups that are interested in equity investment from GAIL can apply through link ‘GAIL PANKH’ on GAIL’s website https://gailonline.com. The Solicitation Round is open from March 30, 2021 to May 30, 2021,” the Gail statement said.

Earlier in March, Oil Minister Dharmendra Pradhan said that the Union government is not considering any proposal to bifurcate state-owned gas utility, adding that the firm is focused on building pipelines to connect gas sources to consumers to accelerate gas usage.

GAIL is India’s biggest natural gas marketing and trading firm and owns 60 percent of the country’s 26,284-km gas pipeline network, giving it a stranglehold on the market.

The firm owns and operates a natural gas pipeline network that spans 15,673.3 kilometres, mostly in the western, southern and northern parts of the country. It is building more pipelines in the eastern region. The government has a 54.89 percent stake in GAIL India.

Title image: freepik.com

RSS Latest Technology News

  • Spacefarer Ariana Grande outfit now available in Fortnite October 22, 2021
    Fortnite's collaboration with pop star Ariana Grande continues with yet another outfit inspired by her being added to the game today. Available in the Fortnite store today is Spacefarer Ariana Grande, a distinctly different skin to the Ariana Grande ...
    Ryan Galloway
  • Twitter is finally letting everyone create Spaces October 21, 2021
    The Spaces team sent out a tweet to announce the change, noting that users on both Android and iOS will now be able to host Spaces. It also offers a GIF that briefly refreshes users on how to host a Space, in case you've forgotten after all these months.
    Emma Roth
  • Microsoft fixes Windows 11 AMD CPU performance issues with new update October 21, 2021
    This new Windows 11 update also includes a large amount of fixes, including one to solve an issue that prevents the Start menu from opening after your OS upgrade, and fixes to input delays for certain Bluetooth mice and keyboards. You can find the full ...
    Tom Warren

SUBSCRIBE FOR XTECHALPHA NEWS AND RECEIVE WEEKLY UPDATES

Follow Us

GAIL India to invest in startups through its initiative ‘Pankh’

by Hemanth Reddy Sudini Time to Read: 1 min
0
AI Tool to Reshape Treatment by Predicting Cell Behaviors
Get to know the latest updates on exponential technologies, new age industry segments with our weekly XTechalpha Xclusive newsletter straight in your mailbox.