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GAIL (India) to fund start-ups in area of renewable and alternate energy sources

Capital Market 

In a bid to encourage Start-Ups operating in the area of renewable and alternate energy sources like Compressed Bio Gas production, GAIL (India) has opened its 4th round of applications for Solicitation of Investment Proposals from Start-Ups operating in the sphere.

Considering the vast biomass resources in the country and Government's special emphasis on its gainful utilization, GAIL plans to invest in Start-Ups operating in this high growth area. GAIL's 4th round for Solicitation of Investment Proposals from Start-Ups operating in the Area of Renewable and Alternate Energy Sources like Compressed Bio Gas production shall remain open till 24 January 2020.

The Start-Ups looking for an equity investment from GAIL can apply online on the website www.gailonline.com.

GAIL had launched its ambitious Start-Up initiative 'Pankh' in July, 2017 to invest in promising Start-ups. GAIL has made investments in 24 Start-Ups operating in various areas so far.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 12:02 IST
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