GAIL, KRIBHCO sign MoU for 1.27-mtpa urea plant in Andhra Pradesh

The proposed plant will have an annual production capacity of 1.27 million tonnes. Strategically located along GAIL's Srikakulam-Angul Natural Gas Pipeline (SAPL), the facility will have access to natural gas feedstock. The two entities will evaluate implementing the project through a joint venture model.

The MoU was signed on 12 November 2026 by Sanjay Agarwal, Executive Director (Business Development, Start-up & R&D), GAIL, and C.S. Azad, Executive Director (Technical), KRIBHCO, in the presence of senior officials from both organizations.

GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines.

GAIL (India) reported a 139.29% jump in consolidated net profit to Rs 4,719.66 crore in Q2 FY27 as against Rs 1,972.40 crore in Q2 FY26. Revenue from operations increased 32.65% YoY to Rs 47,139.13 crore in Q2 FY27 from Rs 35,537.12 crore in Q2 FY26. Operating margin improved to 14.83% in Q2 FY27 from 9.74% in Q2 FY26. Profit before tax (PBT) surged 137.70% YoY to Rs 6,100.28 crore.

Shares of GAIL (India) rose 0.43% to Rs 188.30 on the BSE.

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