GAIL (India) Limited remains exposed to potential volume weakness and gas-sourcing risks amid elevated crude and geopolitical tensions, though Choice Institutional Equities analyst Dhaval Popat notes its regulated or contracted businesses provide some insulation.

GAIL (India) Limited, along with Rashtriya Chemicals and Fertilizers Ltd, Coal India Ltd and Fertilizers Corp. of India Ltd, is promoting Talcher Fertilizers Ltd to set up a 1.27 million-tonne-a-year greenfield urea plant in Odisha using coal gasification, with completion expected in FY28. GAIL also submitted a proposal for new urea capacity under the National Investment Policy for Urea-2026.