Maithan Alloys Limited — Others, 03-07-2025: Others

Maithan Alloys has announced a board meeting on the financial results for the quarter and half-year. The company acquired a 0.017% stake (555,000 shares) in GAIL (India) Ltd. on the stock exchange for Rs 10.55 Cr as part of its investment strategy, with no intention to gain control. GAIL is a major state-owned natural gas processing and distribution firm with a diversified portfolio including gas sourcing, trading, LPG production, transmission, and petrochemicals, operating in India and overseas. This move diversifies Maithan’s investments into the energy sector for potential long-term and short-term gains.