Page 4 - Cng

World's first CNG bike launch likely in next quarter, says Rajiv Bajaj

Bajaj Auto, which has more than 30 percent market share in India's three-wheeler market, already has tasted success with CNG technology

India's three-wheelers segment charged up with electric transition

Most of the electric auto drivers charge at homes or at commercial establishments which have charging facilities. Some said they sneak charge at public places such as schools, malls, market places etc

TMS Ep625: Fixing taxi fares, Bajaj CNG bikes, Maruti shares, hot money

Has the Karnataka govt gone too far by setting cab fares? How will CNG bikes change the two-wheeler industry? Why are Maruti shares taking the back seat? What is hot money? All answers here

Govt making efforts to keep CNG prices under control: Oil minister Puri

The government is making constant efforts to bring the prices of compressed natural gas under control and has delinked Indian gas prices from four international hubs based in US, Canada, UK and Russia, and aligned them to the Indian crude basket, Oil minister Hardeep Puri informed the Rajya Sabha. Responding to supplementaries during the Question Hour, he said the government is encouraging consumption of compressed natural gas as it is relatively a cleaner fuel. "The government has ensured that while global prices were witnessing turbulence, massive increases and shortfall. Lockdown prices do not reflect reality prices, as during the lockdown crude prices came down to USD 19.56 per barrel and then shot up to USD 128 and USD 130 per barrel. "In April 2023, we rationalised the CNG prices and as a result while global prices shot up, domestic gas price was much lower, 83 per cent lower," the minister told the upper house. "It is our constant effort to provide more gas for domestic cook

Working on portfolio of CNG bikes, first launch in FY25: Bajaj Auto

Bajaj Auto is developing a portfolio of CNG motorcycles, and the first such bike will hit the market next fiscal under a new brand, Bajaj Auto Executive Director Rakesh Sharma said on Wednesday. The company wants the government to consider lowering GST on such CNG bikes -- which will serve as a bridge to full electrification -- to around 12 per cent as it seeks to replicate the success it has witnessed in the CNG three-wheelers to the motorcycle segment as well. "We are putting our money where our mouth is. We feel CNG is a great option for the country, for the society and for the riders. We have proven this in three-wheelers and now we want to extend this into two-wheelers," Sharma told PTI in an interview. "It will not be only one vehicle but it will be a range of vehicles across segments. We will fill up the portfolio, we may not present it in one go but the idea is to have a portfolio of CNG motorcycles." Asked about the timeframe for the CNG bikes to hit the roads, he said, "I

Adani Total Gas Q3 results: Net profit rises 18% on higher CNG sales

The company, which distributes piped gas to various Indian cities, said consolidated profit rose to 1.77 billion rupees ($21 million) for quarter ended Dec 31 from 1.50 billion rupees a year earlier

IGL Q3 results: Net profit jumps 41% on higher CNG, piped gas sales

Indraprastha Gas Ltd, India's leading CNG retailer, has reported a 41 per cent jump in third quarter net profit, as the firm recorded higher sales of CNG to automobiles and piped cooking gas to households and industries. The company clocked a net profit of Rs 392.07 crore in October-December - the third quarter of current fiscal that started in April 2023 - compared to Rs 278.26 crore in the same period in the previous year, it said in a statement. IGL operates city gas distribution (CGD) networks across 30 districts in 11 geographical areas across four states of Delhi, Uttar Pradesh, Haryana and Rajasthan. The company said it "registered an overall sales volume growth of 4 per cent over the corresponding quarter in the last fiscal, with the average daily sales going up to 8.48 million standard cubic meters per day from 8.12 mmscmd." "Product wise, CNG recorded sales volume growth of 4 per cent in the quarter, while piped natural gas (PNG) recorded sales volume growth of 5 per cent

Indian Biogas Association pitches for incentives to promote bio-fertilisers

Industry body Indian Biogas Association (IBA) has demanded a host of incentives including a dedicated Rs 1.4 lakh crore 'Biogas-Fertilizer Fund' that aims to promote the use of organic fertilizers for improved soil and human health. It said the key to accelerating the Bio-CNG/CBG (compressed natural gas/biogas) industry's growth lies in crafting pro-biofertilizer policies. This includes favorable regulations, tax exemptions, financing incentives, and accessible credit options, with a spotlight on fermented organic manure, it noted. Finance Minister Nirmala Sitharaman will present an interim budget for financial year 2024-25 on February 1. In a pre-budget memorandum submitted earlier this month to the finance ministry, the IBA has proposed to set up a new 'Sustainable Biogas Plant Fertilizer-Based Cultivation Programme' (SuBiCulP) with a dedicated Rs 1.4 lakh crore fund for five years. This all-encompassing initiative, based on SATAT (Sustainable Alternative Towards Affordable ...

CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth

The trends indicate a positive trajectory across various segments of natural gas consumption

Valuations capture upsides in Thermax stock; double-digit growth likely

The company's careful selection of projects and areas to enter has helped it to maintain a strong balance sheet with no net debt

CNG price hiked by Rs 1 per kg in Delhi-NCR from today: Check new rates

The price of compressed natural gas (CNG) has been increased to Rs 76.59 per kg in Delhi-NCR; the new price of CNG in Noida is now at Rs 82.20 per kg, and Rs 81.20 per kg in Greater Noida

85% of Delhi-NCR residents reluctant to retrofit DG sets with CNG: Survey

Around 85 per cent of Delhi-NCR residents who have a personal or society generator running on diesel are unwilling to retrofit it with CNG, according to a survey carried out by a digital community-based platform. The survey by LocalCircles said that despite the directions of the Commission for Air Quality Management (CAQM), which banned the use of diesel generator sets from October 1 to December 31, 2023, as part of the Graded Response Action Plan (GRAP) to combat air pollution in the region, there is significant resistance among residents. The survey received more than 22,000 responses from Delhi National Capital Region residents located in the cities of Delhi, Gurugram, Noida, Faridabad and Ghaziabad. To ease concerns over power disruptions in essential sectors in the NCR, the CAQM in September granted a three-month reprieve for the use of DG sets in nine critical categories of emergency services till December 31. The survey sought to know "How are you/your society complying with

CONCOR ties up Indraprastha Gas to explore possibility of LNG infra

Railway PSU Container Corporation of India Ltd has signed an agreement with Indraprastha Gas Ltd to explore the possibility of setting up LNG or LCNG infrastructure at its terminals in Uttar Pradesh and Gujarat. This strategic partnership aims to revolutionise the logistics sector replacing diesel with natural gas, the Container Corporation of India Ltd (CONCOR) said in a statement. "CONCOR and IGL have signed a memorandum of understanding (MoU) to explore the possibility of setting up LNG/LCNG infrastructure within the premise of CONCOR terminals. Initially, both LNG and LCNG facilities shall be installed at Dadri (Gautam Budh Nagar) terminal of CONCOR," the statement said. CONCOR and IGL also agree to explore the possibility of transportation of LNG in future through railway rakes from LNG terminals near sea ports like Dahej in Gujarat to the desired locations within India. The MoU signifies the commitment of both CONCOR and IGL to reduce carbon emissions and promote a cleaner, .

Buses except CNG, electric, BS-VI diesel may be barred from entering Delhi

The Delhi government is likely to impose a complete ban on passenger buses except those running on CNG, electricity and BS-VI diesel from entering the national capital in view of the pollution situation. Restrictions under GRAP Stage IV are currently in place in Delhi amid plummeting air quality in the national capital. At present, only trucks are barred from entering the city. A source said, "Chhath Puja is around the corner and there is a huge rush being witnessed because of it. We are planning to implement a ban after the festival." Last month, the Delhi government directed that all buses entering the national capital from Haryana will have to be run on electricity, CNG or BS-VI diesel. Buses entering from the NCR regions of Uttar Pradesh and Rajasthan also need to follow these norms. The city government's transport department said all buses entering Delhi from any city or town in Haryana, Rajasthan and Uttar Pradesh from July 1 will only be those that run on electricity, CNG

Failure to meet household gas demand will have consequences, says regulator

In many cases, connections have been provided, but the gas flow has not been initiated, the Chairman of Petroleum and Natural Gas Regulatory Board said

Torrent Gas commences supply of piped cooking gas to Patiala households

Torrent Gas Ltd on Monday said it has commenced the supply of piped cooking gas to households in Patiala in Punjab as the company scales up operations in its licensed areas. Torrent Gas has been authorised by the Petroleum and Natural Gas Regulatory Board (PNGRB) to provide compressed natural gas (CNG) and piped natural gas (PNG) in Patiala, SAS Nagar, Sangrur and Malerkotla. In a statement, the firm said Punjab government minister for new and renewable energy Aman Arora announced the start of supplies to 101 piped gas connections at a function in Patiala on Monday. Piped cooking gas will be available in Patiala for Rs 46 per standard cubic meter (including taxes) and a special introductory offer, including EMI schemes will be available to encourage customers to adopt PNG. Customers can register for piped cooking gas at just Rs 590 (including GST) and get connected. The remaining amount, viz refundable security deposit can be paid in 13 instalments of Rs 500, along with a bi-monthly

City gas distributors optimistic about long-term growth prospects

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

Oil regulator rejects Adani Total's application for Noida city gas licence

Oil regulator PNGRB has rejected Adani Total Gas Ltd's application for a licence to retail CNG to automobiles and piped gas to household kitchens in Noida, on the outskirts of the national capital, on grounds that it does not meet criteria. The Petroleum and Natural Gas Regulatory Board (PNGRB) in an order dated July 14 said Adani Total Gas Ltd does not fulfill the requirements of law and so its application is rejected. Adani has been eyeing a city gas distribution (CGD) licence for cities adjoining the national capital for nearly two decades now. A firm can retail CNG or piped natural gas in a city only if it is authorised by the regulator or had permission from the central government prior to the regulator coming into existence. While Indraprastha Gas Ltd - the joint venture of state-owned firms - had been authorised for the National Capital Territory of Delhi, Adani has challenged IGL's claim for adjoining cities. PNGRB, which came into being in 2006, accepted city gas ...

Adani-Total Gas to invest Rs 20k cr in 8-10 yrs to expand retail CNG line

Adani Total Gas Ltd, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. The company retails CNG to automobiles and pipes gas to household kitchens for cooking purposes in 52 licences that cover 124 districts of the country. It has 460 CNG stations in the country and about 7 lakh consumers of its piped cooking gas. It is looking to expand its network of CNG stations as well as pipeline network that takes the gas to household kitchens and industries, to tap into the country's growing appetite for cleaner fuel. In the company's latest annual report, Adani Total Gas Ltd (ATGL) chief financial officer Parag Parikh said the company invested over Rs 1,150 crore in 2022-23 (April 2022 to March 2023) for creating additional infrastructure. "From a long-term ...

Adani Total Gas to expand pan-India presence, build 1,800 CNG stations

ATGL will also diversify its offerings to compressed natural gas, compressed biogas, and electric vehicle charging along with scaling its gas distribution business