GAIL plans retail LNG foray with ₹650 crore investment, plans to capture 50% market share in six years

GAIL plans to set up LNG dispensing stations across the golden quadrilateral project and across major national highways.

"GAIL can take a central role in driving this growth and aspire to capture 50% market share in the next five-to-six years," the company said.

The company also plans on reducing its carbon footprint by converting transport fuel from diesel to LNG.

"The proposed investment is strategic in nature which relates to exploring opportunity-based investment for the development of LNG dispensing infrastructure & last mile connectivity," the company said.

Shares of GAIL are trading 3.8% higher at ₹175.05. The stock has risen 60% in the last 12 months.