GAIL (India) GAIL
Gas pipeline and city-gas group running its own 10 MW green hydrogen plant and owning the network that could carry hydrogen blends
Mapped in 1 theme: Green Hydrogen Mission.
Where GAIL (India) sits in the supply chain
GAIL (India) appears in 2 supply-chain layers in one theme, Green Hydrogen Mission.
Green Hydrogen Mission › Refineries & city gas
OwnerOther companies in this layer
Green Hydrogen Mission › Storage, pipelines & ports
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 92,770 | 1,45,668 | 1,33,228 | 1,41,902 | 1,41,598 |
| Net profit | 12,304 | 5,596 | 9,903 | 12,463 | 7,582 |
Latest-year revenue ₹1.42L Cr (FY26, company-wide).
Note: Hydrogen is immaterial to group figures.
Strengths
- Commissioned a 10 MW PEM electrolyser at Vijaipur, MP in May 2024 (~4.3 tonnes a day), used captively
- India's largest gas pipeline network - the natural carrier for hydrogen blending
Risks
- Hydrogen is a tiny part of a gas transmission and marketing business
- Blending limits and pipeline-steel compatibility still being studied
Common questions
What does GAIL (India) do?
Gas pipeline and city-gas group running its own 10 MW green hydrogen plant and owning the network that could carry hydrogen blends.
Where does GAIL (India) sit in the supply chain?
GAIL (India) (NSE: GAIL) is mapped in 2 supply-chain layers: Refineries & city gas (Green Hydrogen Mission); and Storage, pipelines & ports (Green Hydrogen Mission).
Who are GAIL (India)'s peers?
In the Refineries & city gas layer of Green Hydrogen Mission: Indian Oil Corporation, Bharat Petroleum, Hindustan Petroleum, Reliance Industries and Numaligarh Refinery (not NSE-listed).
What is GAIL (India)'s market cap and valuation?
As of 6 Nov 2026: market cap ₹1.22L Cr, P/E 9.7x, ROCE 9.7%, ROE 8.7%, dividend yield 2.96%.