LIVE MARKET TRACKER :   BSE SENSEX   27053.85      |    NSE NIFTY 8093.05    
GLOBAL MARKETS :  NASDAQ 4580.271   +0.50%    |    FSI London 6845.20   +0.29%    |    NIKKEI Japan 15668.6   +1.24%
  USD GBP EUR CAD AUD INR
USD - 0.6046 0.7624 1.0914 1.0767 60.588
GBP 1.654 - 1.2611 1.8052 1.7809 100.2156
EUR 1.3119 0.7932 - 1.4317 1.4125 79.4824
CAD 0.9163 0.554 0.6986 - 0.9866 55.5191
AUD 0.9289 0.5616 0.7082 1.0138 - 56.279
INR 0.0165 0.01 0.0126 0.018 0.0178 -
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
RIL, ONGC and Wockhardt to see some action today
(01-Sep-2014)

RIL, ONGC and Wockhardt to see some action todayReliance Industries (RIL) has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ, saying that the withdrawal of the concessions offered to special economic zones (SEZ) has made......click on news to read complete article.

M&M, Hero MotoCorp and Tech Mahindra to see some action today
(27-Aug-2014)

M&M, Hero MotoCorp and Tech Mahindra to see some action todayMahindra Agribusiness, part of the farm to aerospace conglomerate Mahindra & Mahindra (M&M), is all set to enter the dairy segment through the inorganic route, with a focus on the pouched......click on news to read complete article.

RIL, SAIL and Tata Steel to see some action today
(21-Aug-2014)

RIL, SAIL and Tata Steel to see some action todayReliance Industries (RIL) is implementing a project to import 1.5 million tonnes of ethane to feed its crackers in India, taking advantage of the US shale gas revolution. The project will significantly......click on news to read complete article.

International Stock News
US markets gain on encouraging economic data
(01-Sep-2014)

US markets gain on encouraging economic dataThe US markets closed higher on Friday, building on weekly and monthly advances, as largely upbeat US economic data offset overseas worries. The S&P and Dow notched their fourth up week in a row,......click on news to read complete article.

US markets closed mostly up; S&P holds 2,000 mark
(28-Aug-2014)

US markets closed mostly up; S&P holds 2,000 markThe US markets closed mostly higher on Wednesday, with the S&P 500 staying around 2,000 a day after it closed over that milestone. Global markets are surmounting crises in Ukraine, the Gaza Strip......click on news to read complete article.

US markets gain; S&P close above 2,000 for the first time
(27-Aug-2014)

US markets gain; S&P close above 2,000 for the first timeThe US markets closed higher on Tuesday, with the S&P 500 notching it's first-ever finish above the milestone level of 2,000. A stronger-than-expected reading on consumer confidence provided a......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.