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In a bid to help the start-ups working in recognized focus areas together with pure fuel, petrochemicals, vitality and electrical mobility, GAIL (India) Ltd, the nation’s largest fuel transmission and distribution agency, plans to spend money on such corporations via its startup initiative ‘Pankh’.
“GAIL has now opened a contemporary spherical for solicitation of funding proposals from the startups working in focus areas which primarily embrace pure fuel, petrochemicals, vitality, undertaking administration, logistics, electrical mobility, bio manure advertising, nanomaterials, IoT and information mining, setting, well being and social,” the agency mentioned in an announcement.
Particulars of focus areas can be found on the GAIL web site.
“The startups inquisitive about fairness funding from GAIL can apply via the hyperlink ‘GAIL Pankh’ on the GAIL web site. The present solicitation spherical will stay open until July 31, 2022,” it added.
Earlier final month, GAIL introduced the plans to enter into distributed Liquefied Pure Fuel (LNG) manufacturing to take the gas to customers.
“In a first-of-its-kind endeavour within the nation, GAIL plans to enter into distributed LNG manufacturing with the imaginative and prescient to cater to the demand from off-grid places and the transport sector,” it mentioned in an announcement.
The corporate mentioned that it has positioned order for 2 small-scale liquefaction skids able to producing LNG on a pilot foundation.
Liquefaction shall be achieved via proprietary technology-based cellular liquefaction skids, it added.
“These crops will assist in distribution of pure fuel via liquefaction in new CGD (Metropolis Fuel Distribution) areas, liquefaction of fuel at remoted fields and can help setting-up of LNG fuelling stations and in bunkering,” the corporate mentioned.
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