LIVE MARKET TRACKER :   BSE SENSEX   20062.24   -49.369 -0.25%    |    NSE NIFTY 6094.50   -19.60 -0.32%  
GLOBAL MARKETS :  NASDAQ 3498.965   +0.97%    |    FSI London 6840.27   +0.53%    |    NIKKEI Japan 15627.26   +1.60%
  USD GBP EUR CAD AUD INR
USD - 0.6645 0.7779 1.037 1.0311 55.67
GBP 1.5052 - 1.171 1.5609 1.5521 83.7945
EUR 1.2857 0.8544 - 1.3333 1.3257 71.5727
CAD 0.9645 0.6409 0.7503 - 0.9945 53.693
AUD 0.9703 0.6448 0.7548 1.0062 - 54.0166
INR 0.018 0.0119 0.014 0.0186 0.0185 -
Indian-Commodity  :  Corporate-World  :  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
Govt reduces withholding tax on FIIs, QFIs interest income to 5% till 2015
(22-May-2013)

Govt reduces withholding tax on FIIs, QFIs interest income to 5% till 2015With an aim to provide broad based incentive and attract larger foreign institutional investors (FIIs) participation in the debt market, the government has slashed the withholding tax from...

ITC, JSPL, Maruti and Coal India may grab investors attention today
(22-May-2013)

ITC, JSPL, Maruti and Coal India may grab investors attention todayITC has overtaken Hindustan Unilever (HUL) in branded food and beverages sales, a decade after it entered the business, giving a shot in the arm to YC Deveshwar's ambition of making the cigarette...

Reliance Infra, L&T and Jubilant Lifesciences may witness some action today
(21-May-2013)

Reliance Infra, L&T and Jubilant Lifesciences may witness some action todayReliance Infrastructure is in the process of pulling out of mega projects worth 20,000 crore due to inordinate delays by government agencies in fulfilling commitments relating to these projects....

International Stock News
Asian markets end mostly higher ahead of Bernanke testimony
(22-May-2013)

Asian markets end mostly higher ahead of Bernanke testimonyAsian markets ended mostly higher on Wednesday, on buyers spree amid renewed optimism about the global economy following recent encouraging data from across the globe, ahead of testimony...

Asian markets rally as BOJ maintains its easing plan
(22-May-2013)

Asian markets rally as BOJ maintains its easing planBuoyed by firm cues from US markets, Asian markets are trading jubilantly. Sentiments got a boost after two senior Federal Reserve officials dampened market speculation that the US central...

US markets rose as Fed officials back continuing QE program
(22-May-2013)

US markets rose as Fed officials back continuing QE programThe US markets rose on Tuesday, with the Dow industrials and S&P 500 finishing at record highs after comments from two Federal Reserve officials suggested that the central bank is...

 

     
  
Recent Corporate-World 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.