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MGL hikes CNG-PNG prices for Mumbai consumers The Mahanagar Gas Ltd has hiked the prices of CNG by Rs 1.50/kg and domestic PNG by Rs 1/SCM in Mumbai and its surrounding areas with effect from midnight (July 8-9) on Monday, an official said.  Accordingly, the price of CNG will go up from Rs 73.50/kg to Rs 75/kg, and the rate of domestic PNG will increase from Rs 47/SCM to Rs 48/SCM, inclusive of all taxes for Mumbai and surrounding regions. The latest hike is attributed to meeting the increasing volumes of CNG-PNG demand and ow...
MGL hikes CNG-PNG prices for Mumbai consumers
MGL hikes CNG-PNG prices for Mumbai consumers
Source: IANS
2024-07-09 10:36:21 am
Vitol Asia and Bharat Petroleum among bidders for Sri Lanka LPG terminal The Mahanagar Gas Ltd has hiked the prices of CNG by Rs 1.50/kg and domestic PNG by Rs 1/SCM in Mumbai and its surrounding areas with effect from midnight (July 8-9) on Monday, an official said.  Accordingly, the price of CNG will go up from Rs 73.50/kg to Rs 75/kg, and the rate of domestic PNG will increase from Rs 47/SCM to Rs 48/SCM, inclusive of all taxes for Mumbai and surrounding regions. The latest hike is attributed to meeting the increasing volumes of CNG-PNG demand and ow...
Vitol Asia and Bharat Petroleum among bidders for Sri Lanka LPG terminal
Vitol Asia and Bharat Petroleum among bidders for Sri Lanka LPG terminal
Source: Reuters
2024-07-09 10:23:38 am
ICRA upgrades Adani Total Gas to 'AA' with stable outlook Global credit rating agency ICRA on Friday upgraded the rating of Adani Total Gas Ltd (ATGL) to "AA" from "AA-" with a stable outlook.   In a note, the rating agency said that the long-term rating upgrade of ATGL takes into account its improving financial risk profile, which is backed by a continued growth in sales volume that has resulted in a higher scale of operations and better profitability. "The stable outlook reflects ICRA’s expectation of a he...
ICRA upgrades Adani Total Gas to 'AA' with stable outlook
ICRA upgrades Adani Total Gas to 'AA' with stable outlook
Source: IANS
2024-06-01 09:34:18 am
IGL posts 9% rise in net profit at Rs 433 crore for Jan-March quarter Indraprastha Gas Ltd (IGL) on Tuesday reported a 9 per cent rise in consolidated net profit at Rs 433.29 crore for the January-March quarter of the 2023-24 fiscal, compared to the corresponding figures of Rs 397.51 crore reported in the same period of the previous fiscal. The city gas distribution company registered a total revenue from operations at Rs 3,964.42 crore, which was marginally lower than Rs 4,056.44 crore recorded in the same quarter last year. The total volume of gas sold ...
IGL posts 9% rise in net profit at Rs 433 crore for Jan-March quarter
IGL posts 9% rise in net profit at Rs 433 crore for Jan-March quarter
Source: IANS
2024-05-08 10:39:10 am
Adani Total Gas clocks 27 per cent EBITDA growth in FY24, overall volume up 15 per cent Leading city gas distribution company Adani Total Gas Ltd (ATGL) on Tuesday announced EBITDA of Rs 1,150 crore in FY24 that surged by 27 per cent (year-on-year), with consolidated profit after tax (PAT) at Rs 668 crore which increased by 22 per cent as compared to last fiscal year. Revenue from operations was Rs 4,813 crore as the overall volume went up by 15 per cent in FY24 and 20 per cent in Q4 FY24 (year-on-year), the company said in a statement. "FY24 has been a transformative...
Adani Total Gas clocks 27 per cent EBITDA growth in FY24, overall volume up 15 per cent
Adani Total Gas clocks 27 per cent EBITDA growth in FY24, overall volume up 15 per cent
Source: IANS
2024-05-01 09:12:49 am
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory The National Biofuels Coordination Committee chaired by the Union Petroleum Minister has announced the introduction of phase-wise mandatory blending of Compressed Bio-Gas (CBG) in CNG (transport) and PNG (domestic cooking) segments of the city gas distribution sector. Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday that the decision would encourage investment of around Rs. 37,500 crores and facilitate establishment of 750 CBG projects by 2028-29. The key objective...
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory
Government makes phased blending of compressed bio-gas with CNG, PNG mandatory
Source: IANS
2023-11-25 04:33:44 pm
Domestic natural gas prices raised for October The Union Ministry of Petroleum and Natural Gas announced an increase in the price of domestic natural gas for the month of October, marking the second consecutive monthly price hike.The price has been increased to $9.20 per mmBtu (million British thermal units) from $8.60 per mmBtu in September.The increase in domestic natural gas prices is likely to lead to an in crease in the prices paid by consumers for Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) as gas distribution companies...
Domestic natural gas prices raised for October
Domestic natural gas prices raised for October
Source: IANS
2023-09-30 04:37:37 pm