Companies line up ₹8,000 cr. for gas networks

Companies line up ₹8,000 cr. for gas networks

Bharat Gas Resources Limited (BGRL), Maharashtra Natural Gas Limited (MNGL) and Unison Enviro Private Limited (UEPL) have lined up investments of ₹8,000 crore in setting up city gas distribution (CGD) networks across the country as the government launches the 10th round of bids for CGD projects.

Bharat Petroleum Corporation Limited (BPCL), parent of Bharat Gas Resources Limited (BGRL) alone has lined up investments of ₹4,000 crore to strengthen its presence in the sector.

Rajendra P. Natekar, Executive Director (Gas), BPCL said, “This month, Petroleum and Natural Gas Regulatory Board (PNGRB) will launch the 10th CGD bidding round for 50 geographical areas (GAs) spread across 14 states. This would cover some areas in Maharashtra and a significant portion in the east.

The areas will be plotted closer to the existing gas pipelines. This would increase coverage of city gas distribution to 70% of the country’s population and 53% of its area.

BPCL will be investing around ₹4,000 crore and the trio, BPCL, MNGL and UEPL will be investing between ₹7,000 and ₹8,000 crore.” Read More

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