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State-owned gas utility GAIL India Ltd on Tuesday (April 8) said it has incorporated a wholly owned subsidiary, GAIL Global IFSC Limited, at the International Financial Services Centre (IFSC) within Gujarat International Finance Tec-City (GIFT City). The new entity has been established with an authorised share capital of ₹17 crore and an initial paid-up capital of ₹8.5 crore.
The newly incorporated subsidiary will function as a finance company within IFSC and is intended to undertake global and regional corporate treasury centre activities and ship leasing operations, marking a strategic expansion beyond GAIL’s core natural gas and energy infrastructure business. The Ministry of Petroleum and Natural Gas, Government of India, approved the formation of the subsidiary, which received clearance from the Department of Investment and Public Asset Management (DIPAM) on March 13, 2025. Also Read: GAIL gets Petroleum and Natural Gas Regulatory Board nod to expand key pipeline GAIL holds 100% of the equity in the new entity, with shares issued at a face value of ₹10 each.
GAIL Global IFSC Limited was incorporated on April 7, 2025, and will operate entirely from India. For the third quarter, the company’s net profit surged 44.7% sequentially to ₹3,867.
4 crore, surpassing CNBC-TV18’s estimate of ₹2,435 crore. In the year-ago period, the company had reported a net profit of ₹2,672 crore. Revenue for the quarter stood at ₹34,937 crore, registering a 6.
2% rise from ₹32,912 crore in the previous quarter. This also came in higher than analysts’ expectations of ₹33,476 crore. Also Read: VA Tech Wabag bags orders worth ₹360 crore from GAIL and IOCL However, the company’s operating performance fell short of estimates.
EBITDA declined 24.2% quarter-on-quarter to ₹2,837.8 crore from ₹3,745 crore in the September quarter, missing the CNBC-TV18 poll estimate of ₹3,724 crore.
Shares of Gail India Ltd ended at ₹172.65, up by ₹3.90, or 2.
31%, on the BSE..
