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

Wipro features as a Leader in Everest Group 2015 PEAK Matrix for Workplace Services

Wipro, a leading global information technology, consulting and business process services company has been recognized as a 'Leader' by Everest Group in its report 'Workplace Services - PEAK Matrix Assessment......

FTIL proposes to provide financial assistance of Rs 50 crore to NSEL

Financial Technologies India (FTIL) has proposed to provide additional financial assistance amounting Rs 50 crore to its crisis ridden subsidiary National Spot Exchange (NSEL). The assistance can be in......

ICICI Bank sells 45 lakh shares of 3i Infotech

ICICI Bank has sold 45 lakh shares of 3i Infotech through the open market route. The shares were sold on an average price of Rs 3.81 valuing the transaction to Rs 1.71 crore.3i Infotech is a global Information......

Top News

View all news

Bharti Airtel, GlaxoSmithKline Pharma and Wockhardt to see some action

Bharti Airtel has acquired mobile payments solutions company - YTS Solutions - to integrate its payments and remittance businesses with Airtel. The acquired business will be integrated with the operations......

Moody's Analytics expects RBI to cut rates by another 25 basis points

Amid growing voices from India Inc for a rate cut because of low wholesale inflation and slowdown in industrial growth, Reserve Bank of India (RBI) will be announcing its Third Bi-monthly Monetary Policy......

Maruti, L&T and Hero MotoCorp to see some action

Maruti Suzuki India, country's largest car maker, has registered a rise of 20.1% in its total car sales (Domestic + Export) for the month of July 2015 at 121,712 units, as against 101,380 units in July......