News

Haryana to roll out policy for CNG infrastructure The Haryana government is set to launch a significant initiative -- the 'Right of Use and Right of Way' policy -- aimed at facilitating the smooth establishment of the CNG and PNG distribution network.This policy is poised to play a pivotal role in enhancing infrastructure flexibility and catalyzing progress, said Chief Secretary Sanjeev Kaushal on Monday. He was presiding over a comprehensive review meeting, convened by the Department of Industries and Commerce, Haryana, markin...
Haryana to roll out policy for CNG infrastructure
Haryana to roll out policy for CNG infrastructure
Source: IANS
21/08/2023 4:23:42 PM
Jio-bp`s EV charging business footprint expands big Jio-bp is leading from the front in India's EV transition. Jio-bp is partnering with several players from automobile sector, real estate and mall developers, e-commerce players, fleet operators, corporates and other large establishments to create a robust public EV charging infrastructure and battery swapping network. Operating under the brand Jio-bp Pulse, Jio-bp has added over 1,000+ public charge points in FY 2022-23, taking their network strength to 1,400+ across 8 cities and major...
Jio-bp`s EV charging business footprint expands big
Jio-bp`s EV charging business footprint expands big
Source: IANS
6/08/2023 4:22:08 PM
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales  India's Adani Total Gas reported a nearly 9% rise in first-quarter profit on Tuesday, helped by higher sales of compressed natural gas (CNG). The company, which distributes piped gas to various Indian cities, said consolidated profit rose to 1.50 billion rupees ($18.2 million) for the quarter ended June 30 from 1.38 billion rupees a year earlier. Adani Total, part of the Adani group conglomerate, said its CNG volume increased 18% from last year led by an addition of 11 new sta...
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales
India`s Adani Total Gas reports 9% rise in Q1 profit on higher CNG sales
Source: Reuters
1/08/2023 5:07:51 PM
Haryana to provide CNG, PNG through pipelines The Haryana government is working on a plan to provide CNG and PNG through pipelines for domestic, commercial and industrial consumers. At a review meeting with officers and representatives of gas agencies to discuss the development of a structural framework, Chief Secretary Sanjeev Kaushal on Monday said gas agencies should establish area wise targets and develop a structural framework within a specified timeframe.  He said the Industries Department will soon launch a portal to ad...
Haryana to provide CNG, PNG through pipelines
Haryana to provide CNG, PNG through pipelines
Source: IANS
3/07/2023 4:07:46 PM
Tata Motors moves up on looking to introduce new products including CNG, electric models Tata Motors is currently trading at Rs. 553.25, up by 6.80 points or 1.24% from its previous closing of Rs. 546.45 on the BSE. The scrip opened at Rs. 548.60 and has touched a high and low of Rs. 553.50 and Rs. 545.50 respectively. So far 581592 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 554.00 on 06-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on looking to introduce new products including CNG, electric models
Tata Motors moves up on looking to introduce new products including CNG, electric models
Source: Accord Fintech
6/06/2023 11:55:37 AM
India`s Adani Total Gas Q4 profit jumps 21% on higher prices India's Adani Total Gas Ltd reported a 20.7% rise in quarterly profit on Tuesday, propelled by price hikes and expansion of its compressed natural gas (CNG) stations. Adani Total's consolidated net profit rose to 979.1 million rupees ($11.95 million) for the three months ended March 31, from 810.9 million rupees a year earlier, said the company, which distributes piped gas in various Indian cities. City gas distributors, who faced gas shortages due to higher spot liquefied gas p...
India`s Adani Total Gas Q4 profit jumps 21% on higher prices
India`s Adani Total Gas Q4 profit jumps 21% on higher prices
Source: Reuters
2/05/2023 4:36:21 PM
OIL signs pact with AGCL for piped gas supply in Assam, Tripura The Assam Gas Company Limited (AGCL) and Central government-owned Oil India Limited (OIL) on Saturday signed an agreement to establish a Joint-Venture Private Limited Company (JVPLC) to lay, build and operate city natural gas distribution networks in parts of Assam and Tripura. In the JVPLC, the Assam government-owned AGCL will have 51 per cent equity with OIL retaining the remaining 49 per cent share. It would focus on building local natural gas grids and providing piped natural gas to...
OIL signs pact with AGCL for piped gas supply in Assam, Tripura
OIL signs pact with AGCL for piped gas supply in Assam, Tripura
Source: IANS
30/04/2023 9:50:43 AM
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year The price of CNG has shot up by nearly 38 per cent while the price of an LPG cylinder increased by about 22 per cent in Delhi during the period of last one year. The comparative prices of CNG for Indraprastha Gas Limited (Delhi) were at Rs 57.01 per kg on March 1, 2022 and it increased to Rs 79.56 per kg on March 1 this year. Similarly, the price of a LPG cylinder (14.4 kg) was at Rs 899.50 on March 1, 2022 and it went up to Rs 1,103 by March 1. India imports more than 60 per cent of...
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year
Delhi: CNG prices rise 38%, LPG cylinder gets 22% costlier in last 1 Year
Source: IANS
17/03/2023 9:29:46 AM
IRM Energy gets SEBI's go ahead to raise funds via IPO IRM Energy has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The IPO comprises fresh issue of up to 1.01 crore equity shares by existing shareholders. Proceeds from the issue will be used to fund capital expenditure requirements for development of the city gas distribution network at Namakkal and Tiruchirapalli in Tamil Nadu, for payment of debt and other general corporate purposes. The company is expected to fe...
IRM Energy gets SEBI's go ahead to raise funds via IPO
IRM Energy gets SEBI's go ahead to raise funds via IPO
Source: Accord Fintech
28/02/2023 5:29:45 PM
Auto stocks trades with traction on the BSE Maruti Suzuki India is currently trading at Rs. 8842.35, up by 88.20 points or 1.01% from its previous closing of Rs. 8754.15 on the BSE. Tata Motors is currently trading at Rs. 439.20, up by 3.95 points or 0.91% from its previous closing of Rs. 435.25 on the BSE. Mahindra & Mahindra is currently trading at Rs. 1371.50, up by 4.40 points or 0.32% from its previous closing of Rs. 1367.10 on the BSE. Domestic rating agency ICRA in its latest report has said that CNG, Electric Vehic...
Auto stocks trades with traction on the BSE
Auto stocks trades with traction on the BSE
Source: Accord Fintech
8/02/2023 3:30:39 PM
CNG, EVs, hybrid vehicles may grab up to 30% share in total auto sales in next five years: ICRA Domestic rating agency ICRA in its latest report has said that CNG, Electric Vehicles (EVs) and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars are likely to dominate passenger vehicle volumes in medium-term. It noted that demand for EVs has increased exponentially in the last two years with the government's push, increasing awareness, and new launches. However, the report said the share of EVs in the overall passenger vehicle...
CNG, EVs, hybrid vehicles may grab up to 30% share in total auto sales in next five years: ICRA
CNG, EVs, hybrid vehicles may grab up to 30% share in total auto sales in next five years: ICRA
Source: Accord Fintech
8/02/2023 11:08:38 AM
From February 1, MGL slashes CNG price by Rs 2.50/kg for Mumbai The Mahanagar Gas Ltd (MGL) has slashed the price of Compressed Natural Gas (CNG) for Mumbai and surroundings by Rs. 2.50/kg with effect from February 1 midnight, an official said here on Tuesday. Accordingly, the revised prices of CNG, used in vehicles, will come down from Rs 89.50/kg to Rs 87/kg, and will prove 44 per cent cheaper compared with petrol prices at the current price levels. In October 2022, the CNG prices were hiked from Rs 80/kg to Rs 86/kg, followed by another upward re...
From February 1, MGL slashes CNG price by Rs 2.50/kg for Mumbai
From February 1, MGL slashes CNG price by Rs 2.50/kg for Mumbai
Source: IANS
1/02/2023 8:40:48 AM
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari  Underlining the government initiatives facilitating the use of ethanol, methanol, bio-CNG and hybrid electric vehicles, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday that the government is progressing on the policy of adopting import substitutes, cost-effective, pollution-free and indigenous fuels for the transport sector. Speaking at the FICCI conference -- Future of Mobility: India's Journey Towards Net Zero -- Gadkari also alluded to "makin...
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari
Source: IANS
31/01/2023 9:32:15 AM
Value of natural gas imports rose 43% between April 2021-September 2022 There has been a 43 per cent increase in the value of natural gas which India has imported between April 2021 and September 2022, according to Petroleum Ministry sources. However at the same time, there has been a decline in the quantity of natural gas imported during the period under review. In fact, the import bill of petroleum products has increased by 39.6 per cent in the first half of 2022-23 in comparison to 2016-17, primarily due to increase in quantity due to demand growth, pr...
Value of natural gas imports rose 43% between April 2021-September 2022
Value of natural gas imports rose 43% between April 2021-September 2022
Source: IANS
4/01/2023 9:48:55 AM
Maruti Suzuki seeks clarity on emission norms Maruti Suzuki India on Monday said it has sought correct accounting of greenhouse gas (GHG) emission benefits of ethanol under the Corporate Average Fuel Economy or CAFE. For promotion of ethanol and flex-fuel, auto industry body SIAM has requested the Road Transport Ministry to make some changes in the policy. Maruti Suzuki India's Managing Director and CEO Hisashi Takeuchi said at an industry event that the company has sought correct accounting of GHG emission benefits of ethanol ...
Maruti Suzuki seeks clarity on emission norms
Maruti Suzuki seeks clarity on emission norms
Source: IANS
14/12/2022 10:45:46 AM
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari Addressing an event organised by the Society of Indian Automobile Manufacturers (SIAM), Union Road, Transport and Highways Minister Nitin Gadkari has said that the country needs to promote vehicles running on more than one fuel (flex-fuel vehicles) and e-vehicles to tide over the problems created by wide fluctuations in crude oil prices in the international market. The SIAM in New Delhi on Monday organised a technology demonstration conceptualised on adoption of ethanol and use of flex-fue...
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
India needs to promote flex-fuel vehicles to deal with fluctuations in crude oil prices : Nitin Gadkari
Source: IANS
13/12/2022 9:29:50 AM
Toyota Kirloskar forays into CNG segment with Glanza and Hyryder Japanese-Indian joint venture Toyota Kirloskar Motor on Wednesday signalled its foray into the compressed natural gas (CNG) powered segment. According to the company, car buyers now have the option of CNG fuel for Glanza and Hyryder models. The Toyota Glanza, which was launched earlier this year, will now be available with a CNG variant in the S & G grades, along with a manual transmission powertrain. Hyryder too will now be available with a factory-fitted CNG kit in both S &...
Toyota Kirloskar forays into CNG segment with Glanza and Hyryder
Toyota Kirloskar forays into CNG segment with Glanza and Hyryder
Source: IANS
10/11/2022 10:54:38 AM
Maruti Suzuki`s small car sales to go down, to launch CNG models and SUVs With the petrol-powered small car/hatchbacks buyers affected and others opting for sport utility vehicle (SUV), Maruti Suzuki India Ltd will increase its CNG powered models as well as SUVs, Maruti-Suzuki Chairman R.C. Bhargava said on Friday. He also said the small car segment which was at about 70 per cent for the company will go down to about 65 per cent which is also a substantial size. Speaking to reporters, he noted that there has been a degrowth in the small car hatchback segment ...
Maruti Suzuki`s small car sales to go down, to launch CNG models and SUVs
Maruti Suzuki`s small car sales to go down, to launch CNG models and SUVs
Source: IANS
29/10/2022 10:02:51 AM
India's largest bio energy plant commissioned in Punjab Sangrur (Punjab), Oct 18 Punjab Chief Minister Bhagwant Mann, along with Union Petroleum Minister Hardeep Puri, on Tuesday dedicated India's largest bio energy plant, constructed at a cost of Rs 230 crore, over 20 acres of land. Describing it as a red-letter day for the state, he said this step will go a long way in wiping out the menace of paddy straw burning from the state. He said Verbio Group has strong association with the state as its Indian subsidiary Verbio India Privat...
India's largest bio energy plant commissioned in Punjab
India's largest bio energy plant commissioned in Punjab
Source: IANS
18/10/2022 8:23:46 PM
India's Adani Group to invest $8 billion in Rajasthan over five-seven years  India's Adani Group will invest 650 billion Indian rupees ($7.9 billion) in the northern Indian state of Rajasthan over the next five to seven years, its founder, and Asia's richest man, Gautam Adani said on Friday. Adani said late last month his company would invest more than $100 billion over the next decade, most of it in the energy transition business. The ports-to-energy conglomerate will invest in the renewables business, cement manufacturing, expanding an airport an...
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
India's Adani Group to invest $8 billion in Rajasthan over five-seven years
Source: Reuters
7/10/2022 5:34:20 PM
Natural gas price increase negative for GAIL, IGL, marginal beneficiary is RIL The central government's decision to increase the domestic administered pricing mechanism (APM) gas price will negate the benefit of increased APM gas allocation to compressed natural gas (CNG) players, Jefferies said in a report. In a report, Jefferies said the CNG players have limited room to increase the prices given worsening economics. According to the report, GAIL, Indraprastha Gas and Mahanagar Gas are the key losers, Reliance Industries Ltd could be a marginal beneficiary. ...
Natural gas price increase negative for GAIL, IGL, marginal beneficiary is RIL
Natural gas price increase negative for GAIL, IGL, marginal beneficiary is RIL
Source: IANS
3/10/2022 4:35:34 PM
Single-point taxation implemented in NCR for passenger transport  The Combined Reciprocal Common Transport Agreement (Contract Carriage and Stage Carriage) signed amongst the governments of Haryana, NCT-Delhi, Rajasthan and Uttar Pradesh aims at inter-state road connectivity amongst the National Capital Region (NCR) states, road safety and also explores the possibility of having CNG/electric buses plying in region. The meeting of the Commissioner of Transport Secretaries was held under the Chairpersonship of Archana Agrawal, Member Secretary, Natio...
Single-point taxation implemented in NCR for passenger transport
Single-point taxation implemented in NCR for passenger transport
Source: IANS
21/09/2022 4:36:54 PM
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication  Union Road Transport and Highways Nitin Gadkari on Tuesday emphasised on reduction of logistics cost from 14 to 16 per cent to 10 per cent with cooperation, coordination and communication among stakeholders. Addressing the programme "Climate Goals: Technological Roadmap to Net Zero", he said by reducing logistics cost, there will be a great saving and by which a 50 per cent increase in exports can be achieved, which is very important for our economy. Talking about pollut...
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication
Nitin Gadkari emphasises on reduction of logistics cost to 10% with cooperation, coordination, and communication
Source: IANS
21/09/2022 10:28:06 AM
Maruti Suzuki soars on the bourses Maruti Suzuki is currently trading at Rs. 9272.50, up by 316.50 points or 3.53% from its previous closing of Rs. 8956.00 on the BSE. The scrip opened at Rs. 9000.00 and has touched a high and low of Rs. 9324.75 and Rs. 9000.00 respectively. So far 26222 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9,324.75 on 15-Sep-2022 and a 52 week low of Rs. 6540.00 on 08-Mar-2022. Last one week high and low of the scrip ...
Maruti Suzuki soars on the bourses
Maruti Suzuki soars on the bourses
Source: Accord Fintech
15/09/2022 11:42:43 AM
Maruti Suzuki not to have pure petrol cars in a decade With emission and fuel efficiency norms getting tighter, India's largest car maker Maruti Suzuki India Ltd expects to have only hybrid (mild and strong), flexible fuel, compressed natural gas (CNG), electric, bio-fuel powered vehicles, said a senior official. As a result, pure petrol powered cars may not figure in the company's portfolio of cars in a decade. Already the company has stopped rolling out diesel powered cars. Maruti Suzuki is also focusing on growing its sport utili...
Maruti Suzuki not to have pure petrol cars in a decade
Maruti Suzuki not to have pure petrol cars in a decade
Source: IANS
6/07/2022 3:11:52 PM
Maruti Suzuki not to have pure petrol cars in a decade With emission and fuel efficiency norms getting tighter, India's largest car maker Maruti Suzuki India Ltd expects to have only hybrid (mild and strong), flexible fuel, compressed natural gas (CNG), electric, bio-fuel powered vehicles, said a senior official. As a result, pure petrol powered cars may not figure in the company's portfolio of cars in a decade. Already the company has stopped rolling out diesel powered cars. Maruti Suzuki is also focusing on growing its sport utili...
Maruti Suzuki not to have pure petrol cars in a decade
Maruti Suzuki not to have pure petrol cars in a decade
Source: IANS
6/07/2022 11:58:23 AM
Ashok Leyland catches speed on launching ecomet STAR 1115 CNG truck Ashok Leyland is currently trading at Rs. 137.60, up by 4.70 points or 3.54% from its previous closing of Rs. 132.90 on the BSE. The scrip opened at Rs. 135.80 and has touched a high and low of Rs. 137.85 and Rs. 133.15 respectively. So far 812146 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.40 on 16-Nov-2021 and a 52 week low of Rs. 93.20 on 08-Mar-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland catches speed on launching ecomet STAR 1115 CNG truck
Ashok Leyland catches speed on launching ecomet STAR 1115 CNG truck
Source: Accord Fintech
21/06/2022 2:55:01 PM
Confidence Petroleum jumps on receiving license for commercial operation for CNG Stations at Bangalore Confidence Petroleum India is currently trading at Rs. 58.05, up by 2.40 points or 4.31% from its previous closing of Rs. 55.65 on the BSE. The scrip opened at Rs. 54.55 and has touched a high and low of Rs. 59.60 and Rs. 54.25 respectively. So far 138476 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.40 on 22-Oct-2021 and a 52 week low of Rs. 48.35 on 16-May-2022. Last one week high and low of the scrip sto...
Confidence Petroleum jumps on receiving license for commercial operation for CNG Stations at Bangalore
Confidence Petroleum jumps on receiving license for commercial operation for CNG Stations at Bangalore
Source: Accord Fintech
6/06/2022 1:37:35 PM
SIAM seeks reduction in CNG prices, import duties on certain raw materials for steel, plastic products The Society of Indian Automobile Manufacturers (SIAM) has sought a reduction in CNG prices and import duties on certain raw materials for steel and plastic products while welcoming the government's decision to lower the petrol and diesel prices. The move will help ease the inflationary pressure and eventually help the common man. SIAM said reduction in import duties for raw material for steel and plastic products and increase in export duties on steel intermediates would hopefully mode...
SIAM seeks reduction in CNG prices, import duties on certain raw materials for steel, plastic products
SIAM seeks reduction in CNG prices, import duties on certain raw materials for steel, plastic products
Source: Dion Global Solutions Ltd
23/05/2022 10:55:10 AM
BPCL rises on getting licenses for retailing CNG to automobiles, piped cooking gas to households Bharat Petroleum Corporation is currently trading at Rs. 369.85, up by 3.50 points or 0.96% from its previous closing of Rs. 366.35 on the BSE. The scrip opened at Rs. 370.10 and has touched a high and low of Rs. 371.05 and Rs. 365.35 respectively. So far 122799 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.00 on 14-Sep-2021 and a 52 week low of Rs. 331.00 on 24-Feb-2022. Last one week high and low of the...
BPCL rises on getting licenses for retailing CNG to automobiles, piped cooking gas to households
BPCL rises on getting licenses for retailing CNG to automobiles, piped cooking gas to households
Source: Accord Fintech
28/04/2022 3:32:31 PM
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025 Automaker Maruti Suzuki is currently focused on the CNG segment to fulfil the demand triggered by rising petrol prices as well as heightened concerns over environmental protection. The automobile major also plans to foray into the EV segment by 2025. In a conversation with IANS, Maruti Suzuki India's Senior Executive Director, Sales and Marketing, Shashank Srivastava, said that demand for CNG cars has gone up dramatically due to the favourable cost of running such vehicles. "...
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025
Source: IANS
11/04/2022 8:44:30 PM
CNG, PNG prices increased in Bihar After petrol and diesel, the oil marketing companies on Friday increased the price of Compressed Natural Gas (CNG) and Pipe Natural Gas (PNG) in Bihar. The CNG and PNG are supplied mostly in Patna by Gas Authority of India Ltd (GAIL). The company has increased CNG price by Rs 3 and PNG by Rs 2. With this the price of CNG in Patna is Rs 72.96. Earlier, the rate was Rs 69.96 per Kg. Similarly, the PNG rate was Rs 37.87 per SCM and now it has reached to Rs 39.87 SCM. The price rise is affe...
CNG, PNG prices increased in Bihar
CNG, PNG prices increased in Bihar
Source: IANS
8/04/2022 12:36:12 PM
Maruti's cumulative sales of 'S-CNG' vehicles cross 1 mn Automobile major Maruti Suzuki India said on Tuesday that it has clocked cumulative sales figures of 1 million units of S-CNG vehicles. At present, the automobile major offers nine S-CNG vehicles in the personal and commercial segments. "Today, there are already over 3,700 CNG stations, making CNG more accessible to people. With the government setting a target of reaching 10,000 CNG stations across the country in the next few years, we expect the demand for CNG vehicles to remain r...
Maruti's cumulative sales of 'S-CNG' vehicles cross 1 mn
Maruti's cumulative sales of 'S-CNG' vehicles cross 1 mn
Source: IANS
16/03/2022 9:09:17 AM
CNG-PNG supply hit in Lucknow In a fallout of the rise in prices of natural gas due to the ongoing Russia-Ukraine war, Green Gas Limited (a joint venture of GAIL and Indian Oil Corporation) has reduced the supply in Lucknow by 20 per cent. According to official sources, GGL supplies 1.45 lakh kg of CNG and PNG in Lucknow on regular days, but due to the surge in international prices, the supply has been decreased by up to 15,000-20,000 kg per day. "The reduction in supply of CNG and PNG will have a direct impact...
CNG-PNG supply hit in Lucknow
CNG-PNG supply hit in Lucknow
Source: IANS
8/03/2022 9:39:18 AM
Maha's MGL hikes gas prices for 2nd time in 3 weeks For the second time in 3 weeks, the Mahanagar Gas Ltd (MGL) has hiked the prices of CNG and PNG with effect from midnight, an official said on Friday. The basic price of CNG is increased by Rs 2/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region (MMR). Accordingly, the revised all-inclusive prices of CNG that fuels vehicles will go up from Rs 61.50/kg to Rs 63.50/kg, and home use PNG shall shoot up from Rs 36.50/SCM to Rs 38/SCM, said an MGL spokesperson.  
Maha's MGL hikes gas prices for 2nd time in 3 weeks
Maha's MGL hikes gas prices for 2nd time in 3 weeks
Source: IANS
17/12/2021 7:09:40 PM
Maha's MGL hikes gas prices for 3rd time in six weeks For the third time in barely six weeks, the Mahanagar Gas Ltd has hiked the prices of CNG and PNG with effect from Friday midnight (November 26/27), an official said. The basic prices of CNG is increased by Rs 3.06/kg and domestic PNG by Rs 2.26/SCM for the Mumbai Metropolitan Region Accordingly, the revised all-inclusive prices of CNG used by vehicles will go up from Rs 57.54/kg to Rs 61.50/kg, and the home use PNG shall be Rs 36.50/SCM, in a single slab. The fresh hike - in just si...
Maha's MGL hikes gas prices for 3rd time in six weeks
Maha's MGL hikes gas prices for 3rd time in six weeks
Source: IANS
26/11/2021 5:52:49 PM
Kolkata to have CNG and e-vehicles by 2030 As a first step to convert Kolkata and it's three satellite towns -- Rajarhat, Bidhannagar and New Town into eco-friendly cities, the state government has decided that the state capital will have only CNG and e-vehicles by 2030. Speaking in a recent meeting, the state Transport Minister Firhad Hakim said, "Since 2011, plans have been made to create a smart city, a green city in the state. The city has long had an eco-friendly tram and an underground metro. Plans are there to launc...
Kolkata to have CNG and e-vehicles by 2030
Kolkata to have CNG and e-vehicles by 2030
Source: IANS
12/11/2021 11:53:34 AM
After oil, gas price may see surge upsetting CNG, PNG rates After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers in India at the risk of inflated CNG and PNG rates. As per an assessment of gas market done by ICICI Securities, prices in gas futures market is estimated to rise by US$4.1/mmbtu to US $7.35/mmbtu in H1FY23 and by another US$3.6/mmbtu (49 per cent) to US $10.95/mmbtu in H2FY23. This would mean that three main players supplying CNG and PNG -- Green Gas (GGL), Mahanag...
After oil, gas price may see surge upsetting CNG, PNG rates
After oil, gas price may see surge upsetting CNG, PNG rates
Source: IANS
24/10/2021 3:42:03 PM
After oil, gas price may see surge upsetting CNG, PNG rates After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers in India at the risk of inflated CNG and PNG rates. As per an assessment of gas market done by ICICI Securities, prices in gas futures market is estimated to rise by US$4.1/mmbtu to US $7.35/mmbtu in H1FY23 and by another US$3.6/mmbtu (49 per cent) to US $10.95/mmbtu in H2FY23. This would mean that three main players supplying CNG and PNG -- Green Gas (GGL), Mahanag...
After oil, gas price may see surge upsetting CNG, PNG rates
After oil, gas price may see surge upsetting CNG, PNG rates
Source: IANS
24/10/2021 3:37:23 PM
MGL raises PNG/CNG prices for second time in a week On the eve of Dussehra, the Maharashtra Gas Ltd (MGL) on Wednesday hiked the prices of domestic PNG and vehicular CNG - for the second time in a week, with effect from midnight (October 13/14). The MGL announced a price increase of Rs 2.30/kg for Compressed Natural Gas and Rs 1.11/SCM for domestic Piped Natural Gas. With this, the revised, all-inclusive final prices of CNG used by vehicles will go up from Rs 54.57/kg to Rs 57.54/kg (including taxes). Similarly, the rates of domestic ...
MGL raises PNG/CNG prices for second time in a week
MGL raises PNG/CNG prices for second time in a week
Source: IANS
14/10/2021 8:50:47 AM
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates In a pre-Navratri fuel hike shocker, the Mahanagar Gas Ltd (MGL) has decided to hike the prices of CNG and domestic PNG by Rs 2/kg with effect from midnight (Oct 4/5), an official said here on Monday. Accordingly, the revised final, all-inclusive prices of Compressed Natural Gas used by vehicles will go up from Rs 51.98/kg to Rs 54.57/kg (including taxes), while the rates of domestic Piped Natural Gas in and around Mumbai will shoot up from Rs 30.40/SCM to Rs 32.67/SCM (Slab 1) and Rs 36.0...
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates
Mumbai: Pre-Navratri jolt - MGL hikes CNG/PNG rates
Source: IANS
5/10/2021 9:28:03 AM
After oil, gas price may see surge upsetting CNG, PNG rates After the crude oil surge, global gas prices are expected to soar this year, putting consumers in India at the risk of inflated CNG and PNG rates. As per an assessment of the gas market done by Kotak Institutional Equities (KIE), domestic gas price are expected to more than double to $6.6-7.6/million BTU in 1HFY23E from the current level of $3.2/million BTU available during 2HFY22. "We compute a steep increase in domestic gas price to US$6.6-7.6/mn BTU for 1HFY23E, driven by the re...
After oil, gas price may see surge upsetting CNG, PNG rates
After oil, gas price may see surge upsetting CNG, PNG rates
Source: IANS
3/10/2021 5:20:38 PM
Tata Motors trades higher on launching CNG variant of Tata 407 Tata motors is currently trading at Rs. 304.10, up by 3.00 points or 1.00% from its previous closing of Rs. 301.10 on the BSE. The scrip opened at Rs. 303.00 and has touched a high and low of Rs. 305.80 and Rs. 302.40 respectively. So far 364863 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 360.65 on 15-Jun-2021 and a 52 week low of Rs. 122.15 on 24-Sep-2020. Last one week high and low of the scrip stood at Rs...
Tata Motors trades higher on launching CNG variant of Tata 407
Tata Motors trades higher on launching CNG variant of Tata 407
Source: Accord Fintech
14/09/2021 11:14:03 AM
CNG kits' demand soars amid spike in fuel prices Amid rising petrol prices across the country, people now prefer to install CNG kits in their four wheelers. In the recent days, there have been a lot of inquiries regarding the CNG kits and the installation process. However, due to the shortage of raw material, the price of CNG kits has also increased by about Rs 10,000. At the same time, people are unable to procure the kits on time. The cost of fuel in CNG vehicles is less as compared to petrol-run vehicles, and one can also get a b...
CNG kits' demand soars amid spike in fuel prices
CNG kits' demand soars amid spike in fuel prices
Source: IANS
6/08/2021 9:56:03 AM
Maruti Suzuki catches speed on increasing price for Swift and all CNG variants Maruti Suzuki India is currently trading at Rs. 7537.25, up by 112.10 points or 1.51% from its previous closing of Rs. 7425.15 on the BSE. The scrip opened at Rs. 7461.00 and has touched a high and low of Rs. 7589.30 and Rs. 7461.00 respectively. So far 333482 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8400.00 on 13-Jan-2021 and a 52 week low of Rs. 5751.70 on 16-Jul-2020. Last one week high and low of the ...
Maruti Suzuki catches speed on increasing price for Swift and all CNG variants
Maruti Suzuki catches speed on increasing price for Swift and all CNG variants
Source: Accord Fintech
12/07/2021 12:00:06 PM
Stepping on the Gas: Tata Motors to foray into CNG space Automobile major Tata Motors plans to foray into CNG fuelled passenger vehicle segment in FY22. Accordingly, few of the company's models will be offered with a factory fitted CNG kit. At present, Tata Motors provides an option to get the CNG kits fitted in some of its PVs at dealerships. The move assumes significance in the light of high transportation fuel prices, which have spiked recently. Also, the new option is expected to complement the company's portfolio of electric vari...
Stepping on the Gas: Tata Motors to foray into CNG space
Stepping on the Gas: Tata Motors to foray into CNG space
Source: IANS
8/04/2021 9:07:32 AM
Indraprastha Gas Limited to supply CNG for DTC till 2031: Kailash Gahlot The Delhi Transport Corporation (DTC) has extended its agreement with the Indraprastha Gas Limited (IGL) for the supply of Compressed Natural Gas (CNG) for the next 10 years. According to an official, the discount being provided by IGL to DTC on bulk purchase of CNG has been enhanced to 6.5 per cent. It would save the DTC a revenue of Rs 9.6 crore per year. An agreement has been signed between IGL and DTC, said a senior DTC official on Wednesday. As per the new agreement, the operati...
Indraprastha Gas Limited to supply CNG for DTC till 2031: Kailash Gahlot
Indraprastha Gas Limited to supply CNG for DTC till 2031: Kailash Gahlot
Source: IANS
1/04/2021 10:00:02 AM
Torrent Gas inks deal for takeover of Mathura city gas distribution Torrent Gas has signed a Share Purchase Agreement (SPA) with the promoters of Sanwariya Gas for the takeover of the company to provide Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mathura. The transaction is subject to the approval from PNGRB and fulfilment of other condition precedents. With this acquisition, Torrent Gas has authorisation to set up CGD network across 17 geographical areas spread over 33 districts in seven States and one Union Territory in the Country. To...
Torrent Gas inks deal for takeover of Mathura city gas distribution
Torrent Gas inks deal for takeover of Mathura city gas distribution
Source: IANS
30/03/2021 1:38:13 PM