The agreement was executed between GAIL and Pantheon Maritime Services Private Limited, a Singapore-based affiliate of Alpha Gas. The deal was signed in Athens by S Bairagi, Executive Director (Mktg. – Shipping & International LNG), GAIL (India) Limited, and Anna Angelicoussis, Owner of Alpha Gas, as per the exchange filings.
The LNG carrier ‘Energy Fidelity’ has a cargo capacity of 174,000 cubic meters and features a two-stroke propulsion system along with air lubrication technology and shaft generators aimed at improving fuel efficiency and reducing emissions.
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GAIL said the agreement represents a key development under the ‘Maritime Amrit Kaal Vision 2047’, supporting the expansion of India’s maritime infrastructure and enhancing energy supply chain capabilities.
Earlier, on March 25, in a separate development, the state-run firm approved an equity investment of up to $64 million (around ₹530 crore) in its wholly owned subsidiary, GAIL Global (USA) Inc.
GAIL (India) Ltd had reported revenue from operations of ₹1,03,899 crore for the nine months ended December 31, 2025, up from ₹1,01,580 crore in the corresponding period of the previous financial year. Profit before tax (PBT) declined to ₹7,387 crore from ₹12,123 crore a year earlier, while profit after tax (PAT) fell to ₹5,706 crore compared with ₹9,263 crore in the same period last year.
GAIL (India) Ltd shares closed at ₹145.18 on the NSE on April 7, up ₹2.04 or 1.43% from the previous close. The stock ended the session higher.
