India’s largest private fuel retail company Nayara Energy Ltd (NEL) is in talks with city gas distributions majors like Adani Gas, Indraprastha Gas and Mahanagar Gas to offer sales of compressed natural gas at their outlets.
The company, controlled by Russian state-owned Rosneft-controlled, will also be shedding the Essar brand name by December this year, replacing it with Nayara Energy.
“We are in talks with Adani Gas, IGL and Mahanagar Gas to tie up for selling CNG, in geographical areas where they are in operation,” said a company executive who did not want to be quoted.
The new business plan to sell gas at its outlets comes close on the heels of the lucrative response that Petroleum and Natural Gas Regulatory Board (PNGRB) got for the tenth round of city gas distribution bidding. Read More
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