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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

Valuations capture upsides in Thermax stock; double-digit growth likely
Updated On : 15 Dec 2023 | 11:38 PM IST

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

CNG price hiked by Rs 1 per kg in Delhi-NCR from today: Check new rates
Updated On : 14 Dec 2023 | 12:35 PM IST

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

85% of Delhi-NCR residents reluctant to retrofit DG sets with CNG: Survey
Updated On : 22 Nov 2023 | 7:29 PM IST

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, .

CONCOR ties up Indraprastha Gas to explore possibility of LNG infra
Updated On : 20 Nov 2023 | 9:21 PM IST

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

Buses except CNG, electric, BS-VI diesel may be barred from entering Delhi
Updated On : 16 Nov 2023 | 7:06 AM IST

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

Failure to meet household gas demand will have consequences, says regulator
Updated On : 03 Nov 2023 | 10:33 AM IST

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

Torrent Gas commences supply of piped cooking gas to Patiala households
Updated On : 18 Sep 2023 | 8:30 PM IST

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

City gas distributors optimistic about long-term growth prospects
Updated On : 13 Sep 2023 | 11:03 PM IST

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 ...

Oil regulator rejects Adani Total's application for Noida city gas licence
Updated On : 17 Jul 2023 | 5:52 PM IST

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 invest Rs 20k cr in 8-10 yrs to expand retail CNG line
Updated On : 29 Jun 2023 | 11:27 AM IST

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

Adani Total Gas to expand pan-India presence, build 1,800 CNG stations
Updated On : 27 Jun 2023 | 6:08 PM IST

Delhi extends permit validity of taxis running on CNG, other clean fuels

All taxis running on CNG, other clean fuels to have permit validity of 15 years

Delhi extends permit validity of taxis running on CNG, other clean fuels
Updated On : 20 Jun 2023 | 8:13 PM IST

Tata Motors on the green path, every 3rd vehicle to be either CNG or EV

Automaker to increase share of CNG-powered vehicles without compromising on comfort, features

Tata Motors on the green path, every 3rd vehicle to be either CNG or EV
Updated On : 26 May 2023 | 11:59 AM IST

Tata Motors launches CNG version of hatchback Altroz; starts at Rs 7.55 lk

Tata Motors on Monday launched the CNG version of its premium hatchback Altroz at an introductory price of Rs 7.55 lakh (ex-showroom all-India). The Altroz iCNG comes in six variants priced between Rs 7.55 lakh and Rs 10.55 lakh (all prices ex-showroom all-India), Tata Motors said in a statement. It is equipped with a twin-cylinder CNG technology and comes with advanced features such as voice-assisted electric sunroof, wireless charger and air purifier, among others. The twin CNG cylinders are located below the luggage area with valves and pipes protected under the load floor thereby minimising the risk of potential damage, the company added. Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said customers are increasingly choosing alternate fuel options with the intent of economical as well as eco-friendly drive and CNG as a fuel with its wide availability and accessibility has gained a lot of acceptance. However, optin

Tata Motors launches CNG version of hatchback Altroz; starts at Rs 7.55 lk
Updated On : 22 May 2023 | 2:33 PM IST

Have commenced dispensing CNG, PNG connections to households: IndianOil

State-owned IndianOil commenced dispensing of CNG and PNG (piped natural gas) connections to residential units and the company has set a target of providing 1.50 crore connections across the country, a top official has said. A CNG (compressed natural gas) cylinder testing unit, claimed to be the first-of-its-kind to be set up in Tamil Nadu by AIRVIO Technologies, was inaugurated by IndianOil Corporation Ltd Director-Pipelines S Nanaware near here. CNG and PNG are almost 30 per cent cheaper than alternate fuels and considered "very safe", he said. "It does not have any problem as compared with LPG and MS (motor spirit). This is very safe. In particular, households wherever they are using it as a fuel are safe. Because this is lighter than air and (even) if any leakage is there, it will go into the air without causing any harm to anybody and it is also cheaper," he told reporters. Responding to a query, he said for IndianOil Corporation, the target is to provide 1.50 crore in the ...

Have commenced dispensing CNG, PNG connections to households: IndianOil
Updated On : 13 May 2023 | 8:40 PM IST

Q4 results: Adani Total Gas logs 21% rise in net profit over CNG sales

The company has pushed for an aggressive expansion of CNG stations at a time when piped natural gas volumes have dropped

Q4 results: Adani Total Gas logs 21% rise in net profit over CNG sales
Updated On : 02 May 2023 | 7:29 PM IST

Maruti Suzuki can put pedal to rerating metal on volume, market gains

There could be margin pressures in the near term, given commodity costs

Maruti Suzuki can put pedal to rerating metal on volume, market gains
Updated On : 30 Apr 2023 | 1:20 PM IST

Revised gas pricing formula to aid profit stability for producers: Fitch

The government's decision to limit prices of domestic natural gas from legacy fields to between USD 4-6.5 per million British Thermal Unit (mmbtu) will support margins for city gas distributors, encourage the use of gas, and reduce cash flow volatility for upstream producers, Fitch Ratings said on Wednesday. "We expect a partial pass-through of the lower administered price mechanism (APM) gas prices, at which domestic upstream producers supply gas to city gas distributors, in the prices of compressed natural gas (CNG) and domestic piped natural gas (PNG) to add to the distributors' margins in the near term," it said in a statement. City gas retailers like Indraprastha Gas Ltd and Adani Total Gas Ltd last weekend announced Rs 6-8 cut in CNG and PNG prices, reflecting the cut in input gas prices. The APM price under the new regime was calculated at USD 7.92, but is capped at USD 6.5 for the rest of April, 24 per cent below levels in October 2022-March 2023. "We expect such price cuts

Revised gas pricing formula to aid profit stability for producers: Fitch
Updated On : 12 Apr 2023 | 7:02 PM IST

CNG penetration to rise to 18% by 2027 from 11% in 2022, says Icra

ICRA said that the new gas pricing policy led to CNG prices declining to levels seen nearly a year ago, thereby providing relief to the consumers

CNG penetration to rise to 18% by 2027 from 11% in 2022, says Icra
Updated On : 11 Apr 2023 | 8:12 PM IST

Consumer prices of gas tumble as utilities slash PNG and CNG prices

Days after new gas pricing norms adopted by Centre, city gas distribution companies across the country announce price cuts for PNG & CNG

Consumer prices of gas tumble as utilities slash PNG and CNG prices
Updated On : 09 Apr 2023 | 11:44 PM IST