Page 3 - City Gas Distribution
AG&P Pratham signs MoU with Karnataka govt to develop city gas distribution
/ -- AG&P Pratham, a leading player in the Indian City Gas Distribution (CGD) industry and the Government of Karnataka signed a Memorandum of Understanding (MoU) for the development of City Gas Distribution (CGD) networks to supply reliable, economical, and environment-friendly natural gas across fifteen districts of Karnataka. The MoU was signed during the Global Investors Meet 2022 being held in Bangalore from 2nd to 4th November 2022. Under the MoU, AG&P Pratham will invest INR 8,000 crores over the next eight years to build CGD networks in districts of Kolar, Mysuru, Mandya, Chamrajnagar, Hassan, Chikkamagaluru, Kodagu, Bagalkot, Koppal, Raichur, Kalaburagi, Vijayapura, Shivamogga, Uttara Kannada and Haveri. The area being developed by AG&P accounts for more than 55% of the state's geographical area and 42% of its population. Over the next 8 years, AG&P plans to build ~ 1000 km of steel pipelines, and ~5000 km of MDPE pipelines to bring natural gas to 5 million ...
 "AG&P Pratham signs MoU with Karnataka govt to develop city gas distribution")
CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show
Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
 "CGD firms: Mahanagar Gas, IGL, Adani Total may add another 16%, charts show")
City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%
Analysts expects overall gas demand from the CNG and DPNG sectors to grow at 15.7 per cent CAGR over FY22-27 supported by aggressive expansion in infrastructure.
 "City gas distribution stocks in focus: IGL, MGL, Gujarat Gas up 4%")
India plans to set up strategic gas reserve amid global energy crisis
Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR)
 "India plans to set up strategic gas reserve amid global energy crisis")
Gas stocks in focus: MGL, IGL may zoom up to 16%; Gujarat Gas faces hurdle
The Oil Ministry has directed to divert natural gas from industries to city distribution companies to cool-off the elevated domestic gas prices
Gujarat Gas Q4 consolidated net up 28% to Rs 444 crore, income up 36%
For whole of FY22, the firm's consolidated net profit rise by only 1% to Rs 1287.37 crore
AG&P Pratham to pump in Rs 18,000 crore in city gas distribution
In talks with GAIL (India) for long-term supply to southern states
City gas distributor shares trade weak; IGL, MGL, Gujarat Gas down up to 6%
On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.
IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market
Reports suggest IGL has announced a hike in prices of compressed natural gas (CNG) in the Delhi-NCR region
 "IGL surges 10% on reports of CNG price hike; MGL rises 8% in choppy market")
LNG in post-Covid era: How global demand and supply will shape India market
India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent
 "LNG in post-Covid era: How global demand and supply will shape India market")
Adani Total Gas Ltd to invest Rs 20,000 cr in city gas over eight years
Firm has won licenses to expand its City Gas Distribution network to 14 new geographies in the recently concluded 11th round of CGD bidding by the Petroleum and Natural Gas Regulatory Board
 "Adani Total Gas Ltd to invest Rs 20,000 cr in city gas over eight years")
Adani Total Gas Ltd to invest Rs 20,000 cr in setting up city gas infra
Adani Total Gas Ltd (ATGL) on Monday said it will invest Rs 20,000 crore in setting up city gas infrastructure across the country over the next 8 years
 "Adani Total Gas Ltd to invest Rs 20,000 cr in setting up city gas infra")
High LNG prices may impact India's climate goals, gas distribution targets
Gas consumption in India increases by an average of 7 per cent a year, estimates IEA
IOC to invest Rs 7,000 cr in city gas after it secures 33% market areas
Indian Oil Corporation on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round.
 "IOC to invest Rs 7,000 cr in city gas after it secures 33% market areas")
Megha Engineering, Adani Gas top winners of city gas distribution licences
Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round
 "Megha Engineering, Adani Gas top winners of city gas distribution licences")
Rs 80,000 cr investment as 430 bids pour in for city gas licensing round
As much as Rs 80,000 cr investment is envisaged in setting up city gas infrastructure in 61 geographical areas, including Jammu, Nagpur, Pathankot and Madurai.
Expansion of city gas distribution infra may create 450k jobs: HSSC chief
According to Sandeep Singh Rana, there will also be job growth in retail fuel pumps, and liquefied petroleum gas (LPG) distribution.
 "Expansion of city gas distribution infra may create 450k jobs: HSSC chief")
Likhita Infrastructure shares soar 8% on Rs 146 crore order win
The value of the total outstanding order book as of August 31 stood at approximately Rs 1,020 crore
 "Likhita Infrastructure shares soar 8% on Rs 146 crore order win")
Torrent awaits PNGRB nod to buy Sanwariya Gas which sells CNG in Mathura
Company plans to invest Rs 10,000 crore in next five years; launches CNG in Chennai, Tiruvallur
 "Torrent awaits PNGRB nod to buy Sanwariya Gas which sells CNG in Mathura")
Adani Total Gas zooms 36% in 5 days, surpasses Adani Ent in m-cap ranking
Adani Total Gas also beat ONGC, JSW Steel and Hindustan Zinc in m-cap ranking
 "Adani Total Gas zooms 36% in 5 days, surpasses Adani Ent in m-cap ranking")
