Saturday 2 May 2015

Panipat city gas licence to IOC-Adani JV; Mahanagar Gas gets Raigarh

The report also said that Mahanagar Gas has received the regulator's authorisation for city gas network in Raigarh district of Maharashtra

The notification on the Petroleum and Natural Gas Regulatory Board's website that Indian Oil Corp Ltd and Adani Gas Pvt Ltd, Adani Enterprises' arm, has got the the regulator's authorisation for development and operation of city gas distribution networks in Panipat and Daman.
 Shares of IOC rose over 1% and those of Adani Enterprises rose 2.7% on the news.

The report also said that Mahanagar Gas has received the regulator's authorisation for city gas network in Raigarh district of Maharashtra. 

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