LIVE MARKET TRACKER :   BSE SENSEX   29559.18      |    NSE NIFTY 8914.30    
GLOBAL MARKETS :  NASDAQ 4637.994   -0.93%    |    FSI London 6825.94   +0.21%    |    NIKKEI Japan 17795.73   +0.15%
  USD GBP EUR CAD AUD INR
USD - 0.6605 0.886 1.2532 1.2675 61.35
GBP 1.5144 - 1.3418 1.8979 1.9195 92.909
EUR 1.1289 0.7456 - 1.4147 1.4308 69.2556
CAD 0.7984 0.5273 0.7074 - 1.012 48.982
AUD 0.7894 0.5214 0.6994 0.9892 - 48.4278
INR 0.0163 0.0108 0.0144 0.0204 0.0207 -
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
Government working to make India's services sector more competitive
(28-Jan-2015)

Government working to make IndiaThe government is working to make India's services sector more competitive and is planning to bring in reform measures in areas like legal and healthcare and will soon finalise a Cabinet note on that.......click on news to read complete article.

ONGC, Wipro, NMDC and L&T to see some action today
(27-Jan-2015)

ONGC, Wipro, NMDC and L&T to see some action todayOil and Natural Gas Corporation (ONGC) is in the process of investing Rs 22,500 crore in redevelopment projects, to add capacity of 16.7 million tonnes of oil and 56 billion cubic metres of gas. The first......click on news to read complete article.

RIL,Tata Motors and Bosch to see some action today
(23-Jan-2015)

RIL,Tata Motors and Bosch to see some action todayReliance Industries (RIL) and Essar Energy are re-entering the fuel retailing business with aggressive growth plans and efforts to lure customers away from state-run rivals by offering discounts and benefits.......click on news to read complete article.

International Stock News
US markets slip; suffers biggest drop in 3 weeks
(28-Jan-2015)

US markets slip; suffers biggest drop in 3 weeksThe US markets turned lower on Tuesday, recording their biggest decline in three weeks, following a surprise drop in durable-goods orders and disappointing earnings from Microsoft Corporation and Caterpillar......click on news to read complete article.

US markets closed modestly up amid choppy trade
(27-Jan-2015)

US markets closed modestly up amid choppy tradeThe US markets closed modestly higher on Monday, as investors shrugged off the Greek election results, which brought the leftist Syriza party to power. The leftist Syriza party, which ran on an anti-austerity......click on news to read complete article.

US markets closed mostly lower on profit taking
(24-Jan-2015)

US markets closed mostly lower on profit takingSnapping four days gaining streak, the US markets closed mostly lower on Friday as investors opted to book some profits off the table following the recent upward move, which came amid......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.