GAIL (India) Limited — Important, 27-06-2025: General Updates

GAIL has announced a board meeting to consider subscribing to a rights issue by Talcher Fertilizer Limited (TFL), where GAIL currently holds a 33.33% stake. TFL operates a coal gasification-based urea plant in Odisha. GAIL plans to subscribe to 1,06,75,06,771 equity shares at a face value of Rs. 10 each, maintaining its shareholding. This equity infusion supports TFL’s ongoing operations and expansion in the fertilizer sector.