India’s leading natural gas company, GAIL, has launched the 10th round of its start-up funding initiative ‘GAIL Pankh’. The program, which kicked off on April 1, invites start-ups to apply for equity investment until May 31, 2025.
This latest round seeks proposals from innovative start-ups in sectors including natural gas, petrochemicals, energy, project management, e-commerce, fintech, IoT, data mining, environment, health, social, security, and safety. Interested entrepreneurs can submit their applications through the ‘GAIL Pankh’ link on the company’s official website.
The Maharatna PSU has earmarked a substantial corpus of ₹500 crore for its start-up initiative, which was first introduced in 2017. Over the past six years, GAIL has conducted nine rounds of investment proposal solicitations from groundbreaking start-ups.
This initiative underscores GAIL’s commitment to fostering innovation, collaboration, and community engagement within the energy sector. The company’s dedication to supporting emerging businesses recently earned it the ‘Start-Up Excellence Award’ in the ‘Investment in Start-Ups’ category at the Governance Now 11th PSU Awards.
By continuing to invest in start-ups, GAIL aims to drive innovation across its business sectors while bolstering India’s entrepreneurial ecosystem. The company’s investment strategy focuses on specialized sectors where technological advancements can significantly contribute to industry progress.
As of 12:35 pm on the day of the announcement, GAIL (India) Limited’s shares were trading at ₹184 on the NSE, marking an increase of ₹2.32 or 1.25 percent.
