Cgd Infrastructure

Brokerages lower GAIL target on weak Q3; long-term positive outlook intact

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

Margin pressure ahead as city gas distribution majors continue to struggle

Given the weak demand, and lower price arbitrage versus petrol/ diesel, and upcoming Assembly elections, price increases will be gradual, hitting margins across H2FY25

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

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

ONGC, Oil India's earnings may suffer after sharp cut in gas prices

City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.

Green shoots: City gas infrastructure will drive capex, credit demand

The last of a three-part series on credit pick-up looks at how the push for city gas is creating demand for development of overall gas infrastructure

PNGRB seeks sops from Odisha govt for CGD infrastructure

Petroleum & Natural Gas Regulatory Board (PNGRB) has asked for some enabling sops from the Odisha government for building city gas distribution (CGD) infrastructure in the state.The board has urged the state government to make available land at concessional rates to create CGD infrastructure like pipelines. It has also suggested to cap the applicable VAT (Value Added Tax) rate on CNG (Compressed Natural Gas) or PNG (Petroleum Natural Gas) at rates not exceeding subsidized LPG."The state government has received the letter from the PNGRB on roadmap for CGD network. We have sought the views of the department of housing & urban development", said a senior state government official.Over the next five years, Rs 600 crore is proposed to be invested in Odisha on development of CGD infrastructure.City Gas Distribution (CGD) projects in Bhubaneswar and Cuttack are being taken up in parallel with the Jagdishpur-Haldia-Bokaro-Dhamra Natural Gas Pipeline (JHBDPL), known as 'Pradhan Mantri .