Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

CGD project implementation in Bhubaneswar and Cuttack launched by Hon'ble MoS (I/C), MoPNG Shri Dharmendra Pradhan

Posted On: 2017-03-20 12:12:29

Ushering in a new era of economic development and convenience in Odisha fueled by environment friendly Natural Gas, Hon'ble Minister of State (Independent Charge) for Petroleum & Natural Gas Shri Dharmendra Pradhan today launched the implementation of City Gas Distribution (CGD) project in Bhubaneswar and Cuttack in the presence of Hon'ble Member of Parliament (Bhubaneswar) Dr Prasanna Kumar Patasani, Hon'ble Member of Parliament (Cuttack) Shri Bhartruhari Mahtab and other digniaties.

The event marked an important step towards the fulfilment of Hon'ble Prime Minister Shri Narendra Modi's dream of developing a gas-based economy and linking Eastern India to the country's Natural Gas Grid through the Jagdishpur - Haldia & Bokaro - Dhamra Natural Gas Pipeline (JHBDPL). The pipeline, popularly known as 'Pradhan Mantri Urja Ganga', will pass through five states, i.e. Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal and the longest stretch - 762 kms - will be built in Odisha.

Shri Dharmendra Pradhan also inaugurated the Odisha office of GAIL (India) Limited which is implementing the pipeline as well as the CGD project.

The Bhubaneshwar CGD project will be built with a capital expenditure of around Rs.1,000 crore. It will benefit around 25 lakh people in Khordha district and around 2.5 lakh households will be supplied with environment friendly, safe and economic piped natural gas (PNG). Moreover, 24 CNG stations will be commissioned in the first three to five years to supply compressed natural gas (CNG) fuel to around 1 lakh vehicles.

Similarly, in Cuttack CGD project, the capital expenditure will be around Rs 750 crore. Around 26 lakh people will be benefitted by this project while 2.5 lakh households will get PNG connections. In addition, CNG will be available to 50,000 vehicles through 20 CNG stations which will be set up in next three to five years.

Natural Gas will also be available to industries and commercial establishments, creating a gas based industrial hub. Almost 2,000 km of steel and MDPE pipelines will be laid for these two CGD networks. It is also expected that the arrival of the Pradhan Mantri Urja Ganga will provide direct and indirect employment to thousands of people.

The 2,619 km JHBDPL project is being executed at an investment of Rs 12,940 crores, which includes 40% capital grant (i.e. Rs 5,176 crores) from the Government of India. It will pass through Uttar Pradesh (342 km), Bihar (441 km), Jharkhand (524 km), West Bengal (550 km) and Odisha (762 km). Natural Gas will be supplied to Fertilizer Sector, Power Sector, Refineries, Steel, CGD and other sectors through this pipeline.

With the assured Gas supply, Fertilizer Plants at Gorakhpur (Uttar Pradesh), Barauni (Bihar) and Sindri (Jharkhand) have been approved for revival along the route of this pipeline. Further, this pipeline will also meet the gas requirements of Matix Fertilizer Plant at Durgapur (West Bengal). Continued full production from these four major Fertilizer Plants will ensure timely availability of adequate fertilizers in the eastern states which will go a long way in flourishing of agricultural sector.

GAIL has also been entrusted with developing CGD network in seven cities enroute the pipeline, i.e., Bhubaneswar, Cuttack, Varanasi, Patna, Jamshedpur, Kolkata and Ranchi.

In Odisha, the pipeline will be constructed at an estimated investment of Rs 4,000 crores and have a length of about 762 km covering 13 districts, i.e., Bhadrak, Jajpur, Dhenkanal, Angul, Sundergarh, Sambalpur, Jharsuguda, Debagarh, Jagatsinghpur, Cuttack, Khordha, Puri and Kendrapara.

GAIL (India) Limited is India's No. 1 Integrated Natural Gas company with a market share of over 75% in Natural Gas transmission. With over 11,000 Kms of Natural gas network, GAIL supplies India's fuel requirements across sectors like Power, Fertilizer, Industrial, Automotive and even Household consumers. Apart from natural gas transmission, distribution and processing, the Company has diversified business interests in Petrochemicals, LPG transmission, City gas projects and Exploration and Production activities. The company is committed to expand its current network to 18,000 km within 5 years.

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.376.5 as compared to the previous close of Rs. 375.25. The total number of shares traded during the day was 200005 in over 3062 trades.

The stock hit an intraday high of Rs. 377.45 and intraday low of 371.1. The net turnover during the day was Rs. 74990498.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Redington India Ltd updates on acquisition by Redington Gulf FZE
Voltas Limited and Arçelik A.S. join forces in India
Prime Focus Ltd reports FY17 Consolidated Income of Rs. 21.8bn
Voltas Ltd approves appointment of LIC nominee director
Torrent Power Ltd Board recommends Final Dividend of Rs. 2.20 for 2016-17
Entertainment Network India Ltd Board recommends Dividend of Rs. 1 for 2016-17
Capital Trust Ltd Board recommends Dividend of 15% for 2016-17
Voltas Ltd Board recommends Dividend of Rs. 3.50 for 2016-17
JHS Svendgaard Laboratories Ltd inching towards the GLORY
Saurashtra Cement Ltd Board recommends Dividend of Rs. 1 for 2016-17
Bharat Bhushan Share & Commodity Brokers Ltd Board recommends Dividend of Rs. 0.50 for 2016-17
Clariant Chemicals India Ltd Board recommends Final Dividend f Rs. 25 for 2016-17
Ion Exchange India Ltd Board recommends Dividend of Rs. 3.50 for 2016-17
National Peroxide Ltd Board recommends Dividend of Rs. 34 for 2016-17
Genus Power Infrastructures Ltd Board recommends Final Dividend of Rs. 0.35 for 2016-17
Goodricke Group Ltd Board recommends Dividend of Rs. 4.50 for 2016-17
Viji Finance Ltd Board to consider Dividend for 2016-17
Hindustan Composites Ltd Board recommends Dividend of Rs. 0.5 for 2016-17
Jubilant Life Sciences reports FY17 net profit of Rs. 576 crores
Goodricke Group Ltd Board approves Dividend of 45% for 2016-17
Essel Propack Ltd Board recommends Dividend of Rs. 2.40 for 2016-17
Kothari Products Ltd Board recommends Dividend of Rs. 3 for 2016-17
SMIFS Capital Markets Ltd Board recommends Dividend of Rs. 1 for 2016-17
Unitech Ltd Board to consider FY17 result & Dividend on May 30, 2017
Oriental Carbon & Chemicals Ltd Board recommends Final Dividend of Rs. 7 for 2016-17
TCI Express Ltd Board approves Dividend of Rs. 0.80 for 2016-17
Trinity Tradelink Ltd Board to consider Dividend for 2016-17
Dr Agarwals Eye Hospital Ltd Board recommends Dividend of 15% for 2016-17
Chemfab Alkalis Ltd Board to consider Dividend for 2016-17
Novartis India Ltd Board approves Dividend of Rs. 10 for 2016-17
NCC Limited Board recommends Dividend of Rs. 0.40 for 2016-17
Narmada Gelatines Ltd Board recommends Dividend of Rs. 4 for 2016-17
Jubilant Life Sciences Ltd Board recommends Dividend of Rs. 3 for 2016-17
Radico Khaitan Ltd Board recommends Dividend of Rs. 0.80 for 2016-17
JB Chemicals & Pharmaceuticals Ltd Board recommends Buy-back of 12,50,000 Equity Shares
Investment & Precision Castings Ltd Board recommends Dividend of Rs. 1.25
JB Chemicals & Pharmaceuticals Ltd Board recommends Dividend of Rs. 1 for 2016-17
Grindwell Norton Ltd Board approves Dividend of Rs. 4 for 2016-17
Kalyani Forge Ltd Board approves Dividend of Rs. 3 for 2016-17
Info Edge India Ltd Board to consider FY17 results & Final Dividend on May 29, 2017
Jindal Hotels Ltd Board recommends Dividend of Rs. 0.80 for 2016-17
IRB Infrastructure Developers Ltd Board to consider FY17 Results & Second Interim Dividend on May 30, 2017
PPAP Automotive Limited FY17 PAT up by 86.81% at Rs. 26.21 crore
Coral India Finance & Housing Ltd Board recommends Dividend of Rs. 1 for 2016-17
Aarti Drugs Ltd Board recommends Final Dividend of Rs. 1 for 2016-17
Man Industries India Ltd Board to consider Dividend for 2016-17
Godfrey Phillips India Ltd Board to consider Dividend for 2016-17
Bambino Agro Industries Ltd Board recommends Dividend of Rs. 1.60 for 2016-17
Safari Industries India Ltd Board recommends Dividend & Sub-division of Shares
DCM Shriram Industries Ltd Board recommends Final Dividend of Rs. 6.50 for 2016-17


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017