Breaking News

You are here » Indian-Commodity  :  Corporate  :  PNGRB authorizes Gujarat Gas Company to expand distribution network


PNGRB authorizes Gujarat Gas Company to expand distribution network

The Petroleum and Natural Gas Regulatory Board (PNGRB) has granted authorization to Gujarat Gas Company (GGCL) to Lay, Build, Operate or Expand City or Local Natural Gas Distribution Networks for Surat-Bharuch-Ankleshwar Geographical Areas City Gas Distribution Network in the state of Gujarat. The authorization shall cover an area of 8,979 square kilometres.

As per the provisions of the PNGRB (Exclusivity for City or Local Natural Gas Distribution Networks) Regulation, 2008, GGCL has also been granted 25 years infrastructure exclusively up to March 31, 2014. It has also been granted three years exemption from the purview of common carrier or contract carrier (marketing exclusively) for the CGD network from the date of authorization, i.e. November 08, 2012 to November 07, 2015 during which period the project milestones as determined by the PNGRB relate to PNG Domestic connections, Steel Pipeline laying and Compression Capacity addition.

Gujarat Gas, a 65.12 per cent subsidiary of BG Asia, is India's largest private sector natural gas distribution company in terms of sales volumes, with operations in Gujarat. The company distributes natural gas to domestic, commercial and industrial consumers, and compressed natural gas as automobile fuel, in the cities of Surat, Ankleshwar, Bharuch, and surrounding areas.

Related News

View all news

Apollo Hospitals inks educational partnership pact with Varian Medical Systems

Apollo Hospitals Group has signed educational partnership pact with Varian Medical Systems for training of radiation technologists. According to the partnership, Varian will deploy its Access to Care programme......

CARE downgrade rating of Ruby Mills

Credit rating agency, Credit Analysis and Research (CARE) has based on the annual report of 2014-15 downgraded rating of Ruby Mills which was due to certain minor mismatches in repayment due to certain......

Anant Raj confirms merger of One Star Realty with e 2 e Solutions

Anant Raj has confirmed the merger of One Star Realty, Company's Subsidiary (transferor Company) with e 2 e Solutions (Transferee Company) by Hon'ble High Court of Delhi vide its formal order.Pursuant......

Top News

View all news

Dr Reddy's,Ashok Leyland, Fortis Healthcare and Welspun Corp to see some action today

US Food and Drug Administration (USFDA) has extended deadline for Dr Reddy's laboratories to respond to its warning letters till December 7, 2015. The company is in the process of preparing a response......

Idea, Hero MotoCorp and Dr Reddy's to see some action today

Idea Cellular has entered into agreement with Videocon Telecommunications for acquiring right to use spectrum of Gujarat and Uttar Pradesh (West) for Rs 33.10 billion. This agreement for the company's......

Hexaware, Lanco Infratech and Petronet LNG to see some action today

Hexaware Technologies has entered into a strategic partnership with Blue Prism, the leading developer of robotic process automation (RPA) software, to transform support processes by enabling rapid automation......