Adani Gas hits rough weather in Rajasthan

Adani Gas hits rough weather in Rajasthan

The tide and ebb in fortunes of Adani Gas Limited (AGL) in Rajasthan seems to be in sync with change of power in the state. The going got smooth when BJP was in power, and hurdles cropped up when Congress held the reins.

Oil regulator Petroleum and Natural Gas Board (PNGRB) on February 28, rejected AGL’s claims of having deemed authorisation to operate a city gas distribution (CGD) network in Jaipur and Udaipur before the regulator came into existence. In the 23-page order, the regulator further highlighted non-compliance on several issues by AGL.

“Based on the analysis and deliberations of the Board after hearing and considering the submissions of AGL and keeping in mind the observations/directions of the Supreme Court of India Read More

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