Gas Distribution

Gail (India) shares fell 1 per cent after its net profit in the June quarter of the financial year 2026 dipped 25 per cent

The Rs 1,950 crore City Gas Distribution (CGD) project in West Bengal's Bankura and Purulia districts aims to provide Piped Natural Gas (PNG) connections to 5.55 lakh households, over 250 commercial units, and more than 35 industrial consumers, officials said. Prime Minister Narendra Modi on Friday laid the foundation stone for the project that aims to provide Piped Natural Gas (PNG) to both retail households and industrial projects in the two districts of West Bengal. The project will establish 29 Compressed Natural Gas (CNG) stations for vehicular fuel across the two districts in line with authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB), a statement said. The project is scheduled for completion by March 15, 2030. Once operational, it is expected to serve a population of over 65 lakh with cleaner, reliable, and cost-effective fuel solutions, Bharat Petroleum said. According to BPCL Director (Refineries) and acting Chairman & Managing Director, Sanjay ...

Nomura has maintained a 'Reduce' rating on Gujarat Gas Ltd (GGL), citing intense competition in the I&C space, subdued volume growth prospects, and constrained pricing power.

Continued geopolitical tensions will keep Europe's demand high in CY25

"It is contended that the migrated gas alone was valued at about $1.5 billion as of June 30, 2016," the single judge order had noted

The case revolves around state-owned ONGC's claims that RIL drilled wells near their block boundaries, allowing gas to migrate from ONGC's fields to RIL's KG-D6 block between 2009 and 2013

GAIL (India) Ltd chairman and managing director Sandeep Kumar Gupta on Friday said significant progress in the Kolkata city gas distribution network has been achieved with pipelines now reaching the eastern metropolitan, paving the way for accelerated natural gas adoption in the city and adjoining districts in near future. The development comes after prolonged delays due to challenges in navigating fisheries-rich districts of Midnapore, critical for pipeline routing for the Jagdishpur-Haldia-Bokaro-Dhamra pipeline. "The pipeline has reached Kolkata, so city gas distribution will get accelerated. Earlier we had to transport it," Gupta told PTI on the sidelines of the Institute of Internal Auditors India 32nd AGM. Asked about a timeline, he said, "We stand by the minimum work programme under which all the city gas distribution entities have to work. The work programme is decided by the Petroleum and Natural Gas Regulatory Board. So, they will be working all in line with that work ...

Mahanagar Gas shares surged following reports that Morgan Stanley, a New York-based brokerage firm, initiated coverage with an 'Overweight' rating

56 members in 101-seat chamber backed measure in the vote just after midnight following Prime Minister Dorin Recean's call for approval to ensure Moldova's separatist Transdniestria region secured gas

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

Oil regulator PNGRB has launched a two-month long nationwide drive to increase adoption of piped natural gas as a cooking fuel in household kitchens in an attempt to cut dependence on imported fossil-fuels. "The Petroleum and Natural Gas Regulatory Board (PNGRB) along with city gas distribution entities will run a campaign from January 26 to March 31, aimed to promote the adoption of piped natural gas (PNG) among households and to expand PNG consumer base across a broader segment of the population," it said in a statement. 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. While India is about 50 per cent dependent on imports to meet cooking gas LPG needs, use of conventional fuels is considered a health hazard. PNG offers a viable alternative. It is convenient as it does not require ordering for refills ..

Gas distributor Maharashtra Natural Gas Limited (MNGL) said it has entered into a technology collaboration with US-based Heath Consultants Incorporated to ensure low-emission operations of its natural gas utility infrastructure. The Memorandum of Understanding (MoU), signed under the US-India Low Emissions Gas Task Force (LEGT), would provide MNGL and Heath to jointly identify opportunities in the areas of emissions abatement, underground utility damage prevention, and waste heat recovery, MNGL said in a statement. "Upon signing this MoU, we would work to convert such identified opportunities into specific implementable projects," MNGL managing director Kumar Shanker said in the company statement. Houston-headquartered Heath Consultants Incorporated will also offer its technical solutions to support MNGL in gas line location services, underground utility damage prevention, waste heat recovery, and low-emission valves. As per the agreement, Heath shall support MNGL in improving ...

For the installation of CNG stations, storage facilities, pumping stations, etc., the licensee will need to independently obtain NOCs or permissions from the appropriate

The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 27.05 times on the last day of subscription on Friday. The Rs 545.40 crore-initial share sale received bids for 20,62,70,910 shares against 76,24,800 shares on offer, as per NSE data. The category for non-institutional investors was subscribed 48.34 times while the portion for Qualified Institutional Buyers (QIBs) received 44.73 times subscription and Retail Individual Investors (RIIs) quota got subscribed 9.29 times. The IPO was a fresh issue of up to 1.08 crore equity shares. The price range for the offer was Rs 480-505 a share. IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors. Proceeds from the issue to the tune of Rs 307.26 crore will be used to fund capital expenditure requirements for the development of the city gas distribution network at Namakkal and Tiruchirappalli in Tamil Nadu and Rs 135 crore for payment of debt. Besides, a portion will be

The initial public offering (IPO) of city gas distribution company IRM Energy was subscribed 1.71 times on the first day of subscription on Wednesday. The Rs 545.40 crore initial share sale received bids for 1,30,38,661 shares against 76,24,800 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.60 times while the quota for retail individual investors (RIIs) received 1.77 times subscription and the portion for qualified institutional buyers (QIBs) got subscribed 1.07 times. The IPO is a fresh issue of up to 1.08 crore equity shares. The price range for the offer is Rs 480-505 a share. IRM Energy Ltd on Tuesday said it has raised over Rs 160 crore from anchor investors. Proceeds from the issue to the tune of Rs 307.26 crore will be used to fund capital expenditure requirements for the development of the city gas distribution network at Namakkal and Tiruchirappalli in Tamil Nadu and Rs 135 crore for payment of debt. Besides, a porti

India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31

The government is looking to push up the share of natural gas to around 15 per cent in the energy mix from the current 6 per cent

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index

Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL

Without the participation of Russian experts, Moscow won't recognise any results of investigation into leaks on the Nord Stream pipelines, the Russian Foreign Ministry said