Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

CNG supply, CNG-run vehicles and D-PNG supply launched in Ranchi

Posted On: 2019-08-23 22:13:15

Marking another significant milestone in the spread of the Pradhan Mantri Urja Ganga in Jharkhand, Hon'ble Chief Minister Shri Raghubar Das, Hon'ble Union Minister of Tribal Affairs Shri Arjun Munda and Hon'ble Minister for Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan today launched supply of Compressed Natural Gas (CNG), domestic Piped Natural Gas (PNG) and CNG-run vehicles in Ranchi.

GAIL (India) Limited is implementing the prestigious Pradhan Mantri Urja Ganga and also the City Gas Distribution (CGD) projects in Ranchi and Jamshedpur. GAIL Chairman & Managing Director Dr Ashutosh Karnatak and Director (Finance) Shri A K Tiwari were present 0n the occasion.

The Hon'ble Ministers inaugurated CNG stations in Madhuvan Vihar and Khukari on August 23, 2019 at Ranchi. They also launched supply of Piped Natural Gas (PNG) to Domestic consumers in Shayamali Colony and CNG-run vehicles in the city.

Over the coming year, 11 CNG stations will be commissioned in Ranchi by GAIL to supply CNG to over 75000 vehicles.

Initially, natural gas will reach Ranchi in special containers called "cascades" which will be, transported by road from Patna, Bihar. Later, Natural Gas will be supplied through the Jagdishpur - Haldia & Bokaro - Dhamra Natural Gas Pipeline (JHBDPL), popularly known as the Pradhan Mantri Urja Ganga. The pipeline is presently under construction and likely to be completed by 2020.

Three auto manufacturers M/s Piaggio, Bajaj and TVS have agreed for supplying CNG auto vehicles. Awareness programmes are also being conducted for Auto Rickshaw Owners and drivers for the smooth transition to the use of CNG.

CNG is one of the most environment-friendly fuels as compared to conventional fuels because it has no impurities such as sulphur or lead. It is safe because it is lighter than air and rises up in case of leakage. Moreover, it is unlikely to ignite because of high ignition temperature. It is also economical as compared to conventional fuels.

The commencement of supply of CNG is a major step towards the fulfillment 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 Pradhan Mantri Urja Ganga, which will pass through six states, i.e. Uttar Pradesh, Bihar, Jharkhand, Odisha West Bengal and Assam Laying of 551 KM of Pipeline of this project will be done in Jharkhand. This pipeline will lead to industrial development of eastern India.

In coming years, 22 CNG stations will be commissioned in Jharkhand (Ranchi & Jamshedpur) by GAIL to supply CNG to over 1.25 Lakhs vehicles and Piped Natural Gas (PNG) supply to 10.46 Lakhs households. CGD projects in Ranchi and Jamshedpur are being taken up in parallel with the Pradhan Mantri Urja Ganga pipeline. In Jharkhand, the Natural Gas Pipeline will be constructed at an estimated investment of Rs 4,366 crores and have a length ofabout 551 km covering 12 districts i.e. Chatra, Giridih, Hazaribagh, Bokaro, Ramgarh, Dhanbad, Saraikela, Ranchi, Khunti, Gumla, Simdega and East Singhbhum.

The overall capital expenditure for the Ranchi and Jamshedpur CGD projects will be Rs. 1,500 crores of which Rs 450 crores will be spent in the next three to five years.

The JHBDPL will provide a major boost to industries in eastern India and will supply Natural Gas for the revival of fertilizer plants in Gorakhpur (Uttar Pradesh), Barauni (Bihar), and Sindri (Jharkhand). In addition Matix Fertilizer at Durgapur (West Bengal) will also be provided natural gas. The revival of these fertilizer plants would result in an additional-annual production capacity of 75 lakh tonne would be created, making India self-reliant in meeting the annual domestic demand.

GAIL (India) Limited is lndia'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.124.45 as compared to the previous close of Rs. 120.65. The total number of shares traded during the day was 240134 in over 3634 trades.

The stock hit an intraday high of Rs. 126.1 and intraday low of 119.65. The net turnover during the day was Rs. 29672799.


Source: Equity Bulls

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





Other Headlines:

IDFC First Bank Ltd reports Rs. 1631.59 crore loss in Q3 FY20

APTECH Ltd Q3 net profit drops QoQ

ABN AMRO Strengthens Strategic Partnership with TCS to Future-Proof its Business

Accelya Solutions' Consolidated Income for Q2 at Rs. 1,136.02 Million

Pidilite Industries announces earnings for Q3 FY2020

Greenlam Industries Ltd. announces Unaudited Consolidated Financial Results for Q3 & 9MFY20

Crompton Greaves Consumer Electricals Ltd announces results for quarter ended Dec 31, 2019

Tata Power announces Q3, 9Months FY2020 results

Kaya Limited Consolidated Revenue declined by 1% in Q3 FY20

Greenlam Industries Ltd arm to set up plant at Naidupeta, Nellore

Rishab Special Yarns Ltd approves sale os land at Ambaji Industrial Area, Abu Road

TCS Integrates Two Rural Banks in Record Time; Merged Entity to Boost Rural Economy Across TN

Chemfab Alkalis Ltd Q3 net profit falls to Rs. 5.55 crore

Morarjee Textiles Ltd Q3 loss at Rs. 5.17 crore

TRIDENT Ltd announces consolidated Q3 PAT of Rs. 37.33 crore

T T Ltd posts net profit of Rs. 1.72 crore in Q3

Quess Corp Ltd reports consolidated net profit of Rs. 71.31 crores in Q3 FY20

GOCL Corporation Ltd reports Rs. 24.86 crore consolidated net profit in Q3

Garware Polyester Ltd Q3 FY20 consolidated net profit at Rs. 11.37 crore

Crompton Greaves Consumer Electricals Ltd posts surge in consolidated Q3 PAT to Rs. 160.97 crore

RAMCO Industries Ltd consolidated Q3 FY20 PAT slides to Rs. 25.04 crore

PTC Industries Ltd Q3 net profit rises to Rs. 2.87 crore

Accelya Solutions India Ltd board declares interim dividend of Rs. 10 per share

Bharat Gears Ltd posts Rs. 8 crore loss in Q3

Foseco India recommends final dividend of Rs. 10 for CY2019

B L Kashyap Sons Ltd receives LoI for Rs. 487.86 crore order

Himadri Speciality Chemical Ltd commences commercial operations of expansion project

Vaibhav Global Ltd Board declares Interim Dividend of Rs. 7 for 2019-20

Godrej Consumer Products Ltd board declares interim dividend of Rs. 2 for FY2019-20

ALKALI Metals Ltd Board declares Interim Dividend of Rs. 1

KPIT Technologies Ltd Board approves Dividend of Rs. 0.55

India Ratings maintains Yes Bank on RWN

MOIL updates on environment clearance of Gumgaon Mine

Transport Corporation of India Ltd consolidated Q3 FY2020 net profit at Rs. 34.04 crore

Greenlam Industries Ltd consolidated Q3 PAT higher at Rs. 29.07 crore

FOSECO India Ltd reports Q4 CY2019 PAT of Rs. 6.41 crore

Security and Intelligence Services India Ltd posts consolidated PAT of Rs. 78.28 crore in Q3

Sangam India Ltd Q3 FY20 PAT higher at Rs. 5.54 crore

Trident Texofab Ltd Q3 net profit at Rs. 0.23 crore

Paramount Communications Ltd Q3 consolidated net profit at Rs. 7.44 crore

Bajaj Finserv Ltd posts consolidated Q3 PAT of Rs. 1125.64 crore

POKARNA Ltd reports Rs. 6.56 crore consolidated PAT in Q3 FY20

Vaibhav Global Ltd consolidated Q3 net profit at Rs. 65.55 crore

KPIT Technologies Ltd Q3 consolidated net profit climbs to Rs. 42.85 crore

MPS Ltd Q3 FY2020 consolidated PAT slips to Rs. 12.95 crore

Nilkamal Ltd consolidated Q3 FY20 net profit at Rs. 30.23 crore

Dixon Technologies India Ltd reports consolidated PAT of Rs. 26.30 crores in Q3

Meghmani Organics Ltd Q3 consolidated net profit slides to Rs. 47.60 crore

Sundram Fasteners Ltd reports earnings for Q3, 9MFY2020

Godrej Consumer Products Ltd reports Q3 FY20 results







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

disclaimer copyright © 2005 - 2019