IOC, Adani Gas to invest Rs 9,600 cr in infrastructure for retailing CNG, piped natural gas in 10 cities
Indian Oil Corp (IOC) and its partner Adani Gas Ltd will invest about Rs 9,600 crore in rolling out infrastructure for retailing CNG to automobiles and piped natural gas to household kitchens in 10 cities for which they recently won licences for, the state-owned firm said on Monday
The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said
An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas licence in the 10th round, oil regulator PNGRB said
Not getting NOC for petroleum mining licence from West Bengal govt, says ONGC; plans to invest additional Rs 6,000 cr
ONGC plans to invest Rs 6,000 crore more for four Coal Bed Methane (CBM) blocks including the Ranigung belt in West Bengal
Indian Oil Corp, BPCL, Adani top bidders for gas retailing licences in cities; 400 bids received for 86 permits
Petronet LNG Ltd, India's largest liquefied natural gas (LNG) importer, sought to foray into CGD business by bidding for the licence in seven cities
Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening
Government on Tuesday opened for bidding the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories
Oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has sought bids to hire a consultant to help develop a regulatory framework for operationalising the gas trading/exchange hub.
The new rate would be "fixed on non-discretionary basis," it said, adding the decision is likely to enhance transparency and provide an element of certainty for future investments in gas infrastructure sector.
In all 44 bids were received with Bengaluru being the most sought after and Andhra Pradesh/Telengana faring poorly.<br />
ough the order does not chalk out a plan on how refunds can happen, IGL has been asked to adjust the pricing to adjust for past refunds.
PNGRB's directive to cut tariffs for certain types of gas in New Delhi had sent shares in gas utilities reeling.
Indiraprastha Gas, the monopoly supplier of gas in Delhi, today tanked 45 percent on Dalal St in opening trade after the govt regulator directed it to cut tariffs for certain types of gas in New Delhi