Financial Wire

GAIL (India) to Set Up 600MW Solar Power Project in Uttar Pradesh, India

-- State-owned GAIL (India) (NSE:GAIL, BOM:532155) signed contracts with TUSCO for setting up a 600MW solar power project at the latter's solar park located at Jhansi in Uttar Pradesh, India, according to a Thursday filing to the Indian stock exchanges.

The solar power project will be set up along with a 550 MWh battery energy storage system to mainly cater to the company's captive energy requirements of GAIL's Petrochemical Plant at Pata in Uttar Pradesh.

The project will also help in meeting the additional demand arising from the electrification of gas-based equipment and compressed biogas plants that are being set up in Uttar Pradesh.

The company's shares were up nearly 1% in recent trade.

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GAIL (India) to Set Up 600MW Solar Power Project in Uttar Pradesh, India | Financial Wire