GAIL, India's largest gas company, has infused INR 2,100 crore ($283.7m) in JBF Petrochemicals Ltd, a private sector chemical company it acquired through bankruptcy proceedings. The sum will be used to finance 625 crore of equity and 1,476 crore of debt to complete GAILs bankruptcy resolution plan. The purchase sees JBF become a wholly-owned subsidiary of GAIL from 1 June 2023.