Gail (India) Ltd

GAIL Acquires Full Ownership of US Shale Assets 🇺🇸📈

- GAIL acquires 100% ownership of GGUI, its US subsidiary

- GGUI holds 20% ownership in shale assets in Eagle Ford basin, Texas

- Wells are currently under production

- GAIL to invest up to $64M to reduce GGUI's outstanding loans

- GGUI's standalone turnover: $7.6M (2025), $11.6M (2024), $10.7M (2023)

- Board approval granted on March 25, 2026