LIVE MARKET TRACKER :   BSE SENSEX   26128.13      |    NSE NIFTY 7784.15    
GLOBAL MARKETS :  NASDAQ 4472.107   -0.04%    |    FSI London 6821.46   +0.34%    |    NIKKEI Japan 15457.87   +1.13%
  USD GBP EUR CAD AUD INR
USD - 0.5885 0.7423 1.0741 1.0618 60.148
GBP 1.6994 - 1.2615 1.8253 1.8045 102.2155
EUR 1.3474 0.7929 - 1.4472 1.4307 81.0416
CAD 0.9314 0.5481 0.6914 - 0.989 56.0246
AUD 0.9419 0.5543 0.6991 1.0117 - 56.6516
INR 0.0166 0.0098 0.0123 0.0179 0.0177 -
Indian-Commodity  :  Corporate  :  PNGRB authorizes Gujarat Gas Company to expand distribution network

PNGRB authorizes Gujarat Gas Company to expand distribution network (12-Nov-2012)

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.


Top News Today
Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens too
(15-Jul-2014)

Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens tooIn yet another encouraging development after four month low headline inflation numbers, provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) softened to 29......click on news to read complete article.

Tata Motors, Infosys and Suzlon to see some action today
(11-Jul-2014)

Tata Motors, Infosys and Suzlon to see some action todayTata Motors-owned luxury car maker Jaguar Land Rover (JLR) has registered its strongest ever half-year sales in 2014 selling over 240,000 vehicles. The UK-based auto major sold 240,372 cars between January......click on news to read complete article.

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyed
(08-Jul-2014)

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyedHaving done a pre-Budget hike of 14.2% in passenger fares and raising freight rates, Railway Minister Sadananda Gowda's will present his maiden Rail Budget amidst expectation of big ticket announcements,......click on news to read complete article.

International Stock News
US markets closed mostly lower; S&P ekes out some gains
(25-Jul-2014)

US markets closed mostly lower; S&P ekes out some gainsThe US markets closed mostly lower on Thursday, while the S&P 500 closed at an all-time high for the 27th time this year. The main benchmarks traded in a narrow range throughout the session, as......click on news to read complete article.

US markets closed mostly up; Dow retreats from highs
(24-Jul-2014)

US markets closed mostly up; Dow retreats from highsThe US markets closed mostly higher on Wednesday, as strong results from companies like Apple and Delta pushed the S&P 500 to close at a record. Investors seemed to have brushed off news that two......click on news to read complete article.

US markets gain on encouraging economic data
(23-Jul-2014)

US markets gain on encouraging economic dataThe US markets closed higher on Tuesday, boosted by better-than-expected inflation and housing reports as well as a flood of second-quarter earnings reports. On the economy front, consumer prices gained......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.