Maithan Alloys Limited — Others, 12-06-2025: Others

Maithan Alloys Limited has announced a board meeting regarding its acquisition of a 0.01% stake (625,000 shares) in GAIL (India) Ltd. at a total cost of Rs 12.36 Cr. The investment aims to provide long- or short-term benefits without seeking control over GAIL. This move expands Maithan’s portfolio into the energy sector, given GAIL’s leadership in natural gas processing, transmission, LPG production, petrochemicals, and oil and gas exploration across India and internationally.