Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
08 June, 2023 11:22 IST
GAIL Gas bags award City Gas Distribution- Established Company of the Year
Source: IRIS | 29 Jan, 2021, 07.40AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 GAIL (India), the largest gas transmission and marketing company in India, on Thursday said its subsidiary GAIL Gas has been awarded the 'City Gas Distribution - Established Company of the Year' by Federation of Indian Petroleum Industry (FIPI).

The award recognises leadership in performance by operating City Gas Distribution (CGD) network for distribution of Natural Gas to consumers in the domestic, industrial, transport and commercial sectors in a Geographical Area (GA) in India during the year of award.

GAIL Gas, a 100% subsidiary of GAIL (India), has been implementing City Gas Distribution network in around 52 cities/towns in 23 geographical areas authorized by PNGRB. Along with its JVCs, it is providing PNG supply to approx. 4.64 lakhs households and has set-up 166 CNG Stations. It is also promoting fuel cell technology having lesser carbon foot print. GAIL Gas is actively promoting Sustainable Alterative Towards Affordable Transportation (SAT AT) scheme of Gol and has issued 33 Lois till date. GAIL Gas is also setting up LNG/ LCNG Stations along Golden Quadrilateral highway.

GAIL Gas has registered considerable growth in infrastructure, volumes, turnover and profit during 2018-19 and 2019-20. The company added 52 new CNG stations and over 1 Lakh domestic PNG connection recording a growth of 90% and 53% respectively during 2019-20. Company has ensured safety at its work with accident free operations.

 Shares of the company gained Rs 0.65, or 0.51%, to settle at  Rs 128.50.  The total volume of shares traded  was  1,413,713 at the BSE (Thursday).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer