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GAIL to establish CNG Green Corridor on New Delhi-Mumbai highway

26 Nov 2013 Evaluate

State-owned gas utility GAIL India is planning to set up a CNG Green Corridor between New Delhi and Mumbai to facilitate vehicle refuelling. The company will set up the same through its subsidiary in 12-18 months. At present, the CNG (compressed natural gas) network is mostly spread within the municipal limits of cities such as Delhi, Agra, Indore and Mumbai.

In another development, GAIL (India) has allocated one MMTPA of LNG volume sourced from the United States to its subsidiary GAIL Global (Singapore) (GGSPL) for trading in the global market.

Peers
Company Name CMP
GAIL (India) 172.00
Gujarat Energy 235.40
Indraprastha Gas 143.35
Mahanagar Gas 1047.60
Adani Total Gas 594.65
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