GAIL (India) Ltd.
has launched the supply of compressed natural gas (CNG), domestic piped natural gas (PNG), and CNG-run vehicles in Ranchi, the company announced on Friday.
The company in its filing said, "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 Uty‘a Ganga and also the City Gas Distribution (CGD) projects in Ranchi and Jamshedpur. The company 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 75,000 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 UrjarGanga.
The pipeline is presently under construction and likely to be completed by 2020.
Three auto manufacturers M/s Piaggio, Baj aj 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.
GAIL (India) Ltd ended at Rs124.45 up by Rs3.8 or 3.15% from its previous closing of Rs120.65 on the BSE.
The scrip opened at Rs120.90 and touched a high and low of Rs126.10 and Rs119.65 respectively. A total of 1,03,73,214 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs56,128.72cr.