Thursday, 10 September 2015

GAIL's Rajasthan JV to invest Rs 2,700 crore in CGD infrastructure over three years

The Rajasthan State Gas Limited (RSGL) and the government of Rajasthan have joined hands to develop a natural gas infrastructure in the state.
8RSGL is a Joint Venture Company of GAIL Gas Ltd. (wholly owned subsidiary of GAIL (India) Ltd.) and Rajasthan State Petroleum Corporation Limited. RSGL has been nominated as a nodal player by the Govt. of Rajasthan for providing clean energy solution to Industry, Domestic, Commercial and Automobile sectors.
8The investment over the next three years is pegged at Rs.2,700 crore.
8RSGL also envisages setting up of CNG highways and distribution of natural gas to the various industrial clusters in the state.
8RSGL will also set up an LNG hub at Udaipur for catering to the demand for clean fuel for existing and proposed industries. The L-CNG system will be set up for the first time in India.
8Moreover, the PNGRB  has also given nod to GAIL for transfering the CGD rights of Kota in favour of RSGL.
8This will open many other business streams to RSGL including setting up of CNG highways from Kota to Jaipur, Kota to Baran, Kota to Bhilwara, Kota to Indore among others.

For more details visit indianpetroplus.com

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