Rajasthan State Gas lines up Rs 2,700 cr to build infra

Rajasthan State Gas Ltd, a joint venture of state utility GAIL Gas Ltd and Rajasthan State Petroleum Corp, today signed an agreement to invest Rs 2,700 crore in developing natural gas infrastructure in Rajasthan.
The MoU, signed by RSGL and the Rajasthan government, envisages setting up CNG stations on highways and distribution of natural gas to various industrial clusters in the state, a company press statement said here.
RSGL has taken up construction activities for setting up mega compression facilities at Neemrana, which will pave the way for opening CNG corridor along the NH-8 between Delhi and Jaipur.
"The government of Rajasthan has chalked out ambitious plan for development of various industrial clusters around Neemrana, Ghilot, Bikaner and Bhilwara," the statement said.

The Petroleum and Natural Gas Regulatory Board (PNGRB) has granted 'no objection' to GAIL Gas Ltd for transfer of its city gas distribution licence for Kota in favour of RSGL, which will now set up CNG stations on highways from Kota to Jaipur, Kota to Baran, Kota to Bhilwara and Kota to Indore.