India's GAIL plans to build solar charging stations and solar power plants

Recently, GAIL (India) Ltd.
, India's largest natural gas marketer, said it had sought shareholder approval to amend the company's articles of association to invest in startups
in core business areas and non-core sectors.
In addition to investing in startups, GAIL is reportedly seeking approval to build solar power plants and build battery charging stations for electric vehicles to diversify its portfolio beyond natural gas and petrochemicals
.

With these amendments, GAIL intends to insert six new sections
into the principal object provisions of the company's Memorandum of Association.

Back in July last year, GAIL had created a core portfolio under its start-up program "Pankh" to invest in startups with the aim of supporting the Government of India (GoI) entrepreneurship initiative and generating long-term
business benefits.
At that time, GAIL announced that it had received 47 investment proposals, selecting 10 startups to invest in
.
According to the GAIL website, the second round of the solicitation process was open
from June 1, 2018 to June 20, 2018.

GAIL said it is time to adopt new and different pathways to provide safe, clean, cost-effective and efficient mobility services, reduce dependence on oil imports, and achieve more efficient land use in cities with minimal environmental footprint and impact on human health
.
With these goals in mind, the company wants to establish "battery charging stations and provide charging services"
for electric vehicles.