Jitin Prasada, Minister of State for Petroleum and Natural Gas today dedicated Ghaziabad’s City Gas Distribution System set up by Indraprastha Gas Limited (IGL) to the people. He also announced ambitious plans for spreading the network of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the entire city. The Minister informed that the IGL has laid a special 20 km pipeline for this project. He added that for meeting future requirements, there are plans to lay 50 km pipeline by March 2011 and 40 km additional pipeline by March 2012 so that Ghaziabad receives gas for CNG supply to vehicle, PNG supply to households and also for the industrial/commercial units in the city. He also informed that IGL has plans to lay 950 km pipelines inside the city of Ghaziabad so that PNG supply reaches each households. Shri Prasada emphasized the utility of natural gas stating that this is a highly convenient and environment friendly fuel.
Referring to the recent price increase, the Minister stated that the price increase was minimum in view of rising global oil prices and the heavy import dependence of about 80% of the domestic crude oil requirements. Shri Prasada explained that various petroleum products like LPG, kerosene, petrol, diesel etc. are obtained by refining crude oil. He reiterated that Government made all efforts to keep the price increase at the lowest level so that least burden is put on the common man. The Minister called upon the State Governments specially the U.P. Government to remove the increase in sales tax on petrol and diesel so that consumers are relieved of extra burden caused by the amount of additional sales tax levied on account of advalorem sales tax rates. He said that U.P. would earn an additional Rs. 350 crore annually because of the increase in sales tax on petrol and diesel.
Also present on this occasion were Dr. Bhure Lal, Chairman EPCA, Shri Apurva Chandra, Joint Secretary, Ministry of Petroleum & Natural Gas, Govt. of India, Ms. Sunita Narain, Director, Centre for Science & Environment (CSE), Sh. S. Radhakrishnan, Chairman IGL, Shri Rajesh Vedvyas, Managing Director, IGL and many officials from the Ministry, district administration and IGL. Speaking on the occasion Dr. Bhure Lal complimented IGL for the initiative of supplying CNG in Ghaziabad and expected IGL to further expand the CNG infrastructure in NCR towns like Ghaziabad, Noida and Greater Noida. Sunita Narain related the CNG supply project to improving the health as it has contributed to improving air quality in Delhi. She called for expediting the CNG supply network in entire NCR and made a case for vibrant public transport system in these towns.
Substantial progress has already been made by IGL in the City Gas Distribution project in Ghaziabad under the directions of the Environmental Pollution (Prevention & Control) Authority for the National Capital Region (NCR).
Three CNG stations are already operational in the city of Ghaziabad, one being mother station of IGL in Vaishali and two being daughter booster stations at OMC retail outlets. 8 more CNG stations have been commissioned as daughter booster stations at OMC Retail Outlets. These are awaiting licenses for operation and are expected to become operational progressively by September 2010.
Work is also progressing at Sanjay Nagar CNG station site allotted to IGL and at 6 retail outlets with OMCs, which are expected to be commissioned by end November 2010 and operational progressively by December 2010.
It is expected that by the end of the current financial year i.e. by March 2011, a total of 22 CNG Stations shall become operational in various parts of Ghaziabad which will provide a comfortable refueling experience to various consumers.
IGL has laid an MDPE pipeline network measuring 380 kms in areas of Kaushambi, Surya Nagar/Ramprastha, Vaishali, Chander Nagar, Rampuri, Vasundhara, Shahibabad, Indirapuram, Shalimar Garden, Rajendra Nagar, Lajpat Nagar, Shalimar Garden Extension, DLF and Brij Vihar in the city of Ghaziabad.
About 1500 domestic consumers have been provided with PNG connections at Kaushambi, Surya Nagar/Ramprastha and Vaishali in Ghaziabad.
Also, Chander Nagar, Rampuri, Vasundhara, Shahibabad, Indirapuram, Shalimar Garden, Rajendra Nagar, Lajpat Nagar, Shalimar Garden Extension, DLF and Brij Vihar regions in Ghaziabad are expected to be given PNG connectivity by October 2010.
PNG connectivity has already been given to eight industries and by August 2010, ten more industries are expected to be connected.
Further plans have also been prepared for laying about 720 Kms of MDPE pipelines covering various areas of Ghaziabad. A total investment of approx. Rs. 500 Crores has been planned for Ghaziabad CGD Project for next five years. Till date approx. Rs. 34 Crores has been incurred on account of this project.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.