CITY GAS DISTRIBUTION
GAIL says Urja Ganga gas pipeline completion delayed to March 2025 The Jagdishpur-Haldia-Bokaro-Dhamra Pipeline, part of the Urja Ganga project, connects refineries and has a significant transmission capacity, supporting gas supply to eastern states. Despite delays, the project aims to make gas more affordable and ...
30 Jun, 2024, 10.41 AM ISTIndia's downstream oil and gas profits to fall; upstream to remain strong: Fitch Ratings India's oil and gas sector is forecasted to have mixed fiscal performance in FY24, with downstream profits expected to decline while upstream growth remains robust, driven by a 3-4% increase in petroleum product demand for FY25. Diesel and petrol wi...
22 Jun, 2024, 03.45 PM ISTIGL to diversify into solar rooftop, battery recycling "With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially whe...
21 Jun, 2024, 12.07 AM IST
Big electoral bond buyer Megha Engineering to sell city gas business Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventur...
27 May, 2024, 06.00 AM ISTReliance seeks access to ATF pipelines, storages of PSU oil firms RIL aims to expand its market share in aviation turbine fuel (ATF) by accessing pipelines at major Indian airports like Delhi, Mumbai, Bengaluru, Hyderabad, Kochi, and Lucknow, competing with state-owned firms like Indian Oil Corporation (IOC), Bhar...
19 May, 2024, 09.36 PM ISTIGX launches ssLNG contracts, to take gas availability beyond national grid "The introduction of ssLNG contracts on IGX aims to address the growing gas demand from industries and CGD (City Gas Distribution) companies that do not have access to pipeline networks," IGX said in a statement.
24 Apr, 2024, 03.48 PM ISTIs all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade. Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat...
29 Mar, 2024, 03.06 PM ISTAG&P Pratham, Think Gas set for $1.1-billion merger The combined entity will be valued at over $1.1 billion, acquiring the heft that will help it compete with rivals. It will be a stock-for-stock merger — a share of one company for each of the other. Currently, I-Squared holds 100% stake in Think Gas...
11 Mar, 2024, 06.30 AM ISTGas distributor AG&P Pratham cuts CNG price by Rs 2.5 per kg in Kerala AG&P Pratham has announced a price cut of Rs 2.5 per kilogram in compressed natural gas sold at its outlets in Kerala and Andhra Pradesh. The reduction took effect from March 7. The price of CNG sold at Thiruvananthapuram, Alappuzha, and Kollam is n...
09 Mar, 2024, 06.48 PM ISTMGL's monopoly on Mumbai's city gas network has ended: PNGRB The end of MGL's monopoly in Mumbai and VGL's exclusivity in Vadodara could increase competition and affordability for natural gas customers. City gas companies profit from CNG but the government wants to expand piped natural gas to households.
05 Mar, 2024, 04.19 PM ISTFull benefit of gas reforms hasn't reached end user: Hardeep Puri Monopoly over licensed areas for too long has ensured strong profits for city gas companies. Listed city gas companies have routinely shown far higher returns on investments than natural gas producers or refiners. “The fact of the matter is if you h...
04 Mar, 2024, 09.11 PM ISTIndraprastha Gas Ltd plans to set up 19 compressed biogas plants Indraprastha Gas Ltd (IGL) announced plans to establish 19 compressed biogas (CBG) plants to integrate with its city gas distribution network. According to the company's statement, IGL has entered into preliminary agreements with two technology part...
07 Feb, 2024, 05.23 PM ISTOil regulator PNGRB launches drive to increase piped gas adoption While PNG has gained currency in the last few years after PNGRB expanded city gas networks to most parts of the country, sizable households continue to use either LPG or conventional fuels like firewood and cow dung for cooking. India is about 50 pe...
26 Jan, 2024, 02.56 PM ISTPNGRB received 20 bids for six city gas distribution licenses in northeastern states and Jammu & Kashmir Eight entities submitted bids for 6 GAs. Six bids came in for Meghalaya, four for Sikkim, four for Nagaland, three for Manipur, two for Arunachal Pradesh, and one for J&K. No bid was received for Ladakh.
15 Jan, 2024, 09.24 PM ISTPNGRB chairperson meets Himanta Biswa Sarma, highlights importance of City Gas Distribution The Chairperson briefed the CM about the progress of Oil & Gas Infrastructure in the state of Assam and role that Assam is playing towards realising the Prime Ministers vision for creation of Gas based economy.
07 Dec, 2023, 09.53 PM ISTTokyo Gas joins race to acquire stake in Think Gas Distribution Tokyo Gas, Japan's largest city gas provider, is in the running to acquire a minority stake in Think Gas Distribution, an Indian natural gas supplier owned by private equity fund I Squared Capital. The potential investment involves Tokyo Gas purchas...
28 Nov, 2023, 11.12 PM ISTTorrent Gas appoints Manoj Jain as Managing Director City gas distribution company Torrent Gas Limited has announced the appointment of Manoj Jain as its Managing Director, effective from January 1, 2024. Prior to this role, Manoj Jain served as the Chairman and Managing Director of GAIL (India) Limit...
09 Nov, 2023, 02.37 PM ISTOil regulator to penalise gas companies for failing to meet household demand The Petroleum and Natural Gas Regulatory Board (PNGRB) is prioritizing consumer protection, and it plans to take strict action against city gas companies failing to meet household demand for new connections or supplies, according to PNGRB's chairman...
02 Nov, 2023, 11.12 PM ISTGovt opens 12th city gas bid round Petroleum and Natural Gas Regulatory Board (PNGRB) offered seven geographical areas (GAs) of Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Sikkim, Union territory (UT) of Jammu & Kashmir and Ladakh under the 12th city gas distribution (CGD) biddi...
13 Oct, 2023, 12.25 AM ISTGovt expands CNG retailing with bidding round in J&K, Northeast India's Petroleum and Natural Gas Regulatory Board (PNGRB) has offered licenses for the retailing of compressed natural gas (CNG) in seven areas, primarily in the North East and J&K. This move aims to expand the reach of natural gas in the country. ...
12 Oct, 2023, 06.05 PM IST