GAIL (India) announced the inauguration of two Compressed Natural Gas stations at CDA sector - 1 and Bidyadharpur at Cuttak by Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, Dharmendra Pradhan.
GAIL is implementing the prestigious Pradhan Mantri Urja Ganga and also the City Gas Distribution (CGD) projects in various cities including Bhubaneswar and Cuttack.
Presently, Natural gas is being supplied in special containers called ''cascades'' which are being transported by road from Kakinada in Andhra Pradesh. Also, provision is being made for L-CNG (Liquefied CNG), wherein natural gas will be transported in liquid form in cryogenic tankers from Dahej, Gujarat to Bhubaneswar/Cuttack. Necessary infrastructure is under construction at Bhubaneshwar for this facility.
After commissioning of 2655 km. long Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL), popularly known as the Pradhan Mantri Urja Ganga, natural gas will be supplied through pipeline. GAIL, India's premier natural gas company, is implementing this prestigious project which was commenced by Hon'ble Prime Minister of India in July 2015.
The project is progressing in full swing and GAIL, till date has committed approx. Rs 75 billion for the project which will pass through the states of Uttar Pradesh, Bihar, Jharkhand, West Bengal and Odisha. The project will usher industrial development in eastern part of India by supplying environmentally clean natural gas to fertilizer and power plant, refineries, steel plants and other industries.
Shares of the company gained Rs 0.4, or 0.12%, to trade at Rs 342.50. The total volume of shares traded was 29,718 at the BSE (10.20 a.m., Monday).