CGD Infrastructure

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

Given the weak demand, and lower price arbitrage versus petrol/ diesel, and upcoming Assembly elections, price increases will be gradual, hitting margins across H2FY25

In talks with GAIL (India) for long-term supply to southern states

The company has got 16 geographical areas covering 32 districts with a population of over 90 mn, in the ninths and tenth round of CGD bidding

City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.

The last of a three-part series on credit pick-up looks at how the push for city gas is creating demand for development of overall gas infrastructure

Petroleum & Natural Gas Regulatory Board (PNGRB) has asked for some enabling sops from the Odisha government for building city gas distribution (CGD) infrastructure in the state.The board has urged the state government to make available land at concessional rates to create CGD infrastructure like pipelines. It has also suggested to cap the applicable VAT (Value Added Tax) rate on CNG (Compressed Natural Gas) or PNG (Petroleum Natural Gas) at rates not exceeding subsidized LPG."The state government has received the letter from the PNGRB on roadmap for CGD network. We have sought the views of the department of housing & urban development", said a senior state government official.Over the next five years, Rs 600 crore is proposed to be invested in Odisha on development of CGD infrastructure.City Gas Distribution (CGD) projects in Bhubaneswar and Cuttack are being taken up in parallel with the Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL), known as 'Pradhan Mantri .