Adani Total Gas Challenges PNGRB Orders, Appeals to APTEL
OIL & GAS

Adani Total Gas Challenges PNGRB Orders, Appeals to APTEL

Adani Total Gas has lodged an appeal with the Appellate Tribunal for Electricity (APTEL) against the 'challenged' orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) on 25th April and 26th April, as stated in a regulatory filing.

According to the company's regulatory filing, these orders concern the authorization for the Noida, Faridabad, and Gurugram Geographical Areas (GAs). On 26th April, PNGRB granted IGL permission to supply gas to a portion of the area, while Adani Total was designated as the supplier for the remaining region.

The company has contested PNGRB's decision to award or grant authorization for the 'Faridabad-1' area within the Faridabad District GA. However, it has accepted the authorization for the Faridabad 2 GA, without any prejudgment.

"With respect to this matter, we would like to notify that the Company has filed an Appeal against the Challenged Orders dated 25th April 2023 and 26th April 2023 of PNGRB before the Honourable Appellate Tribunal for Electricity (APTEL), insofar as they pertain to the PNGRB's decision(s) of awarding/granting authorization for the 'Faridabad-1' area of the Faridabad District GA. The Company has accepted the authorization of Faridabad 2, without prejudice," stated the company.

Also Read
TCS-led consortium wins more than Rs. 15,000 crore order from BSNL
Growing demand for land: Real estate market sees increased activity

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Adani Total Gas has lodged an appeal with the Appellate Tribunal for Electricity (APTEL) against the 'challenged' orders issued by the Petroleum and Natural Gas Regulatory Board (PNGRB) on 25th April and 26th April, as stated in a regulatory filing. According to the company's regulatory filing, these orders concern the authorization for the Noida, Faridabad, and Gurugram Geographical Areas (GAs). On 26th April, PNGRB granted IGL permission to supply gas to a portion of the area, while Adani Total was designated as the supplier for the remaining region. The company has contested PNGRB's decision to award or grant authorization for the 'Faridabad-1' area within the Faridabad District GA. However, it has accepted the authorization for the Faridabad 2 GA, without any prejudgment. With respect to this matter, we would like to notify that the Company has filed an Appeal against the Challenged Orders dated 25th April 2023 and 26th April 2023 of PNGRB before the Honourable Appellate Tribunal for Electricity (APTEL), insofar as they pertain to the PNGRB's decision(s) of awarding/granting authorization for the 'Faridabad-1' area of the Faridabad District GA. The Company has accepted the authorization of Faridabad 2, without prejudice, stated the company. Also Read TCS-led consortium wins more than Rs. 15,000 crore order from BSNL Growing demand for land: Real estate market sees increased activity

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement