Investment Announcement - GAIL (India) Limited has announced an investment of ₹130 million to acquire a 49% equity stake in Leafiniti Bioenergy Private Limited, a subsidiary of TruAlt Bioenergy Limited [1] - TruAlt will retain a 51% equity stake in the joint venture [2] Project Details - The joint venture will focus on establishing multiple greenfield Compressed Biogas (CBG) plants across Karnataka, Maharashtra, and Odisha, with six plants planned in the first phase, each having a production capacity of 12 tonnes per day, resulting in a total annual output of 23,976 tonnes of CBG [2] - In addition to biogas production, the facilities will generate 97,902 tonnes of Fermented Organic Manure and 470,862 tonnes of Liquid Fermented Organic Manure annually [3] - The projects are expected to create between 820 and 1,225 jobs and displace 19,800 tonnes of fossil fuels, reducing methane emissions by 9,300 tonnes annually [3] Financial Performance - GAIL reported a nine-month net profit of ₹5,706 crores for the financial year 2025-26, down from ₹9,263 crores in the same period of the previous financial year, which was boosted by an exceptional income of ₹2,440 crores from an arbitration settlement [4] - Revenue from Operations for the nine months ended December 31, 2025, was ₹1,03,899 crores, compared to ₹1,01,580 crores in the corresponding period of the financial year 2024-25 [5] Infrastructure Development - GAIL's Chairman & Managing Director announced the commissioning of the 1,182-kilometre Mumbai-Nagpur-Jharsuguda Pipeline, expanding GAIL's total operational natural gas pipeline network to over 18,000 kilometres [6] - The strategic investment by GAIL underscores its commitment to advancing sustainable energy solutions and strengthening India's green bioenergy ecosystem [6]