Press Release

ND/GAIL/SECTT/2026 29.07.2026 Listing Compliance Listing Compliance National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Floor 1, Phiroze Jeejeebhoy G Block, Bandra-Kurla Complex Towers, Dalal Street Bandra (East) Mumbai – 400051 Mumbai – 400001 Scrip Code: GAIL-EQ Scrip Code: 532155 Sub: Press Release Sir/Madam, Please find enclosed a copy of Press Release on “GAIL and RCF Sign MoU for Setting up Gas-Based Fertilizer Project in Maharashtra”. Thanking you Yours faithfully (Deepak Asija) Company Secretary Encl.: As above Copy to: 1. Deutsche Bank AG The Capital, 14th Floor C-70, G Block, Bandra Kurla Complex Mumbai -400051 Deutsche Bank AG 2. Beacon Trusteeship Limited 4 C and D Siddhivinayak Chambers, Gandhi Nagar, Opposite MIG Cricket Club Bandra East, Mumbai -400051 GAIL (India) Limited Press Release GAIL and RCF Sign MoU for Setting up Gas-Based Fertilizer Project in Maharashtra New Delhi, 29th July 2026: GAIL (India) Limited (GAIL) and Rashtriya Chemicals and Fertilizers Limited (RCF) have signed a Memorandum of Understanding (MoU) to jointly establish a gas-based fertilizer project in the state of Maharashtra through a Special Purpose Vehicle (SPV). The proposed urea production facility, with a planned capacity of 1.27 Million Metric Tonnes Per Annum (MMTPA), is envisaged to be established in the Vidarbha region of Maharashtra along GAIL's Mumbai–Nagpur–Jharsuguda Natural Gas Pipeline (MNJPL). To facilitate the implementation of the project, GAIL has entered a strategic partnership with RCF, with both organizations working collaboratively to take the project from conceptualization to successful implementation. The MoU was signed by Shri Sanjay Agarwal, ED (BD & Start-up) of GAIL and Ms. Jyoti Patil, Executive Director (Project, Corporate & Co-ordination) of RCF, in the august presence of Shri Deepak Gupta, CMD, GAIL and Shri S. Shivakumar, CMD, RCF. Senior management from both the companies, Shri R.K. Singhal, Director (BD), GAIL, Ms. Nazhat J. Shaikh, Director (Finance), RCF and Ms. Ritu Goswami, Director (Technical), RCF, were present during the MoU signing ceremony. Speaking on the occasion Shri Deepak Gupta, CMD, GAIL (India) Limited, said: “The proposed fertilizer project aligns with GAIL’s strategy of creating long-term value through natural gas utilization and contributing to India’s energy security objectives. We are pleased to partner with RCF, a leading fertilizer company with proven expertise in the sector. This collaboration combines GAIL’s strengths in the natural gas value chain with RCF’s rich experience in fertilizer manufacturing and project execution. Further, this partnership between GAIL & RCF is aligned with Government of India’s recently approved National Investment Policy for Urea-2026 (NIPU-2026) towards Atmanirbhar Bharat” Shri S. Shivakumar, C&MD, RCF stated that “RCF is delighted to collaborate with GAIL for the development of this important gas-based fertilizer project in Maharashtra. The proposed project is expected to contribute significantly towards meeting the growing fertilizer demand in the country, reducing import dependence and promoting industrial development in the Vidarbha region of Maharashtra. Leveraging RCF's extensive experience in fertilizer plant operations, project development and marketing, together with GAIL's robust gas infrastructure and energy expertise, this partnership has the potential to create a world-class fertilizer facility.”