Gas Distribution

Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%

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

PNGRB to halt action against city gas distributors until Act's amendment

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

Won't recognise Nord Stream probe if domestic experts excluded: Russia

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

How will high global natural gas prices affect India?

Ahead of the winter, Europe is making desperate attempts to purchase natural gas from sources other than Russia, putting Asia in a tight spot. What does it mean for India? Let us find out

IGGL gains 42.94% physical progress, Rs 1556.46 crore capital expenditure

The Indradhanush Gas Grid Limited (IGGL), joint venture of five oil and gas public sector undertakings, has achieved a physical progress of 42.94 per cent and a capital expenditure of Rs 1556.46 crore for the 2021-22 financial year, according to a company release here on Thursday. IGGL Chairman Atindra Roychoudhury said this while addressing the fourth annual general meeting. "The company achieved a capital expenditure of Rs 1556.46 crore and physical progress of 42.94 per cent in the financial year 2021-22", he said. The AGM was conducted in both physical and virtual mode and was attended by its directors, shareholders and other stakeholders, the release said. The IGGL is a joint venture of IOCL, ONGC, GAIL, OIL and NRL and is implementing the North East Gas Grid (NEGG) project connecting the capital cities and major demand centres of the North Eastern part of India to build a gas-based economy in the region. The NEGG is implemented as per the Hydrocarbon Vision 2030 of the Nort

GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies

A former Gazprom subsidiary reneges on its supply contract forcing the state-owned gas distributor to cut back supplies to key industries

Adani Group, RIL to set up biogas plants at Rs 500-600 cr investment each

Adani and Reliance Group are planning to set up 40-million tonne per annum (mtpa) plants in Uttar Pradesh and Gujarat, while Reliance Industries is still formalising the two locations

GAIL to enter distributed LNG production business to provide fuel to users

GAIL will liquefy or turn natural gas into liquid at sub-zero temperature and transport it in trucks to users.

Ukraine blames Russia for gas transit interruption to European consumers

The GSTOU said that it was forced to suspend the Russian gas transit to Europe via the territories in eastern Ukraine controlled by Russian forces due to "force majeure"

India turns to expensive foreign gas to ease its power supply crunch

While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy

TMS Ep154: BBNL-BSNL merger, Rajesh K Mediratta, markets, Android Go

Will BBNL-BSNL merger expedite Bharat Net project? What's Rajesh K Mediratta's take on transparency of Indian Gas Exchange? Are inflation worries overstretched? What is Android Go? All answers here

Rajesh K Mediratta on transparency of Indian Gas Exchange and more

Indian Gas Exchange (IGX) was set up two years ago to free up pricing of domestic natural gas. In an interview with Business Standard's S Dinkar, MD & CEO Rajesh K Mediratta shares its journey so far

Indigenous Australians ask Seoul court to stop loans to $3.6 bn gas project

People from the Tiwi Islands and Larrakia Traditional Owners are seeking an injunction.

Margin woes emerge for gas distribution companies in Q3 but volumes improve

IGL, Gujarat Gas and MGL have seen profitability contract in Q3

BPCL to invest Rs 10,000 cr in six new city gas licences in next 5 years

BPCL on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round.

Japan's Osaka Gas enters India's urban gas distribution market

TOKYO (Reuters) - Japan's Osaka Gas Co said on Monday it has entered India's urban gas distribution market by investing in the local unit of Singapore-based AGP International Holdings (AG&P) as part of its overseas expansion drive.

I Squared Capital invests $200 mn in Singapore-based AG&P City Gas

AG&P City Gas is developing twelve city gas distribution networks in India

Gas distribution sector stocks could fire up amid likely volume recovery

Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months

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

Gas distribution volumes hit by Covid-driven lockdowns, says ICRA

The city gas distribution (CGD) sector's domestic gas volumes declined by 12 per cent month-on-month