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    GAIL   INE129A01019

GAIL INDIA LIMITED

(GAIL)
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GAIL Floats Offer to Buy Stake in Operating Solar Projects

07/13/2021 EDT

GAIL (India) Limited (NSEI:GAIL) has invited expressions of interest from owners of solar projects to acquire the operational assets as the country's largest natural gas marketing company seeks to ramp up its clean energy portfolio. In the tender document, GAIL said it will acquire at least 50% stake in solar projects of at least 50MW capacity which are owned and operated by a Special Purpose Vehicle (SPV). The project must be located in a solar park and must have a long-term PPA with a central government body, whether Solar Corporation of India or a central PSU such as NTPC Ltd. The SPV should also not have any assets outside of the solar park. The project must have been in continuous operation for at least a year. The interested party offering the SPV for acquisition should have at least 50% equity stake in it, GAIL added. “In case GAIL acquires 50% equity stake in the offered SPVs, the interested party(ies) or remaining shareholder(s), as the case may be, should maintain 50% equity stake in that SPVs for a minimum period of one year from the date of GAIL becoming an equity partner in that SPV," GAIL said. They can sell this stake to a third party after 12 months provided GAIL gets the right of first refusal. GAIL must also be allowed to tag along on any stake sale if it wishes to divest its equity, the tender document said.


ę S&P Capital IQ 2021
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Analyst Recommendations on GAIL INDIA LIMITED
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Financials
Sales 2022 763 B 10 353 M 10 353 M
Net income 2022 71 644 M 972 M 972 M
Net Debt 2022 69 016 M 936 M 936 M
P/E ratio 2022 9,57x
Yield 2022 3,98%
Capitalization 678 B 9 180 M 9 194 M
EV / Sales 2022 0,98x
EV / Sales 2023 0,94x
Nbr of Employees 4 705
Free-Float 41,2%
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Technical analysis trends GAIL INDIA LIMITED
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Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 152,60 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Manoj Jain Chairman, MD & Director-Human Resources
A K Tiwari Chief Financial Officer & Finance Director
Rakesh Kumar Jain Finance Director & Executive Director
Anil Kumar Jha Secretary & Compliance Officer
Mahesh V. Iyer Executive Director & Director-Business Development
Sector and Competitors
1st jan.Capi. (M$)
GAIL INDIA LIMITED23.81%9 180
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OSAKA GAS CO., LTD.1.52%8 052