GAIL signs Concession Agreement for setting up an MSW based Compressed Bio-Gas Plant in Bengaluru

GAIL (India) Limited signed a Tripartite Concession Agreement on October 16,2025 with the Greater Bengaluru Authority (GBA) and Bengaluru Solid Waste Management Limited (BSWML) for setting up a Compressed BioGas (CBG) plant at KCDC area, Haralakunte Village, Bengaluru South Taluk, Bengaluru in the presence of Hon'ble Deputy Chief Minister of Karnataka, Shri D. K. Shivakumar.

Under the Concession Agreement, GBA will provide 18 acres of land on permissive use basis, and BSWML will supply 300 tons per day of segregated municipal solid waste, which will be processed to produce 12.6 tons per day of CBG. Additionally, the plant will produce around 22 tons of Fermented Organic Manure (FOM) daily, promoting circular economy and sustainable agriculture. The Concession Agreement will remain valid for 25 years from the date of commissioning of the project.

This initiative marks a major step towards sustainable waste management and green energy generation in Bengaluru, supporting the goals of the SATAT initiative and Swachh Bharat Mission of the Government of India.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 179.25 as compared to the previous close of Rs. 177.35. The total number of shares traded during the day was 1039612 in over 4957 trades.

The stock hit an intraday high of Rs. 180.80 and intraday low of 177.15. The net turnover during the day was Rs. 186845421.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 ConcessionAgreement MSWbased CompressedBioGasPlant Bengaluru