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GAIL’s arm enters into agreement with Oil India, AGCL

12 Jul 2019 Evaluate

GAIL India's subsidiary--GAIL Gas (GGL) has entered into an agreement with Oil India and Assam Gas Company (AGCL) to set up a new company for implementation of the City Gas Distribution (CGD) network in five districts of Assam.

The joint venture company will implement the CGD Network and supply piped natural gas to the domestic, commercial and industrial customers and CNG (Compressed Natural Gas) to the vehicles in Kamrup, Kamrup (Metro), Cachar, Hailakandi and Karimganj districts.

GAIL India is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications.

Peers
Company Name CMP
GAIL (India) 168.70
Gujarat Energy 224.10
Indraprastha Gas 145.25
Mahanagar Gas 1047.25
Adani Total Gas 577.25
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