Page 2 - City Gas Distribution

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.

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

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

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

Natural gas under GST regime likely to benefit tile manufacturers

Cheaper gas prices to reduce power & fuel cost and propel margins, say analysts

Clarity on GST rate key likely to determine benefits for gas users

For now, analysts expect industrial users, city gas distributors and utilities to benefit

India to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs: PM Modi

Noting that India imports over 85% and 53% of its oil and gas requirements, respectively, the PM says the country is working to meet growing energy demand and prune imports

Sales of Maruti's CNG variants move in top gear amid spike in fuel prices

Improving network of CNG and increase in number of cities where natural gas is now available have also been fuelling growth, company says

IGL, Gail, MGL: Trading strategies for CGD stocks post new gas tariff order

Indraprastha Gas stock is seeing a strong resistance at 490 levels on weekly charts. If it manages to breach this level decisively, then the upside may see a rally towards Rs 525 and Rs 555 levels

Gas distribution stocks rally after PNGRB simplifies gas pipeline tariff

Gujarat Gas soared 19%, Indraprastha Gas hit 10% upper circuit, while Mahangar Gas, Adani Gas and GSPL were up between 9% and 18% on the BSE

Likhitha Infrastructure IPO sails through after tweaks to structure

Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand

Torrent to invest Rs 8,000 cr in CGD; Pradhan bats for home-delivery of CNG

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

New entrants unlikely to impact gas distrbution players till FY23

The draft regulations requires the CGD players to provide third-party access at regulated tariffs

Climbing on falling gas price: CGD firms, power producers to benefit

Fertiliser companies likely to gain the most; city gas distributors should benefit, too, but CNG demand holds key; ceramic tiles and power producers may also see solid upside

GAIL: Demand, fertiliser plants, city-gas distribution to drive earnings

Rising gas demand, new fertiliser plants to drive earnings

Key ratios of Adani group in dangerous territory

To marry the narrative to the numbers, the group has to keep scaling up since that allows it to raise more money

From Adani Gas to IOC, over 80 force majeure requests flood PNGRB

According to multiple sources close to the development, the big firms that applied for force majeure include Adani Gas, Gail Gas, Indian Oil Corporation, Indraprastha Gas, Haryana City Gas

End of exclusivity period will ensure fair play in gas pipeline business

The PNGRB is now taking careful ste­ps to draft regulations on how to end the exclusivity and the subsequent issues of tariff and sharing of the existing infrastructure

Gujarat Gas least vulnerable among city gas players to competition

Subdued gas prices will benefit IGL and MGL too, the two companies that have seen their share prices correct on fears of rising competition