GAIL stocks rise 18% after PNGRB simplifies regulations
OIL & GAS

GAIL stocks rise 18% after PNGRB simplifies regulations

On Wednesday, GAIL (India) share's jumped 8% to Rs 120 on BSE on the back of higher volumes in an otherwise restrained market. In the previous three trading days, after the oil regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) informed regulations for a consolidated gas distribution tariff structure, the stock of GAIL (India) has increased by 18%.

The stocks have been trading at their highest levels since February 2020.

The tariffs will be applicable based on the structure of the two zones related to the distance from the gas source. The stock has risen 42% over the past month compared to a 12% increase in the S&P BSE Sensex.

Finalised city gas distribution (CGD) network regulations regarding common carriers were announced by PNGRB. The highlights of the CGD regulations include:

  • Unrestricted access in geographical areas (Carbon) where marketing exclusivity has ended.
  • Open-access capability shall be at least 20% of the CGD network capacity.
  • Compression capacity or the full quantity of gas streaming through the CGD network or compressors for a duration of one day in the past, whichever is greater.
  • Access to CNG or LCNG stations run by dealers and franchises of authorised entities will not be considered as a third-party shipper.

Also Read: PNGRB’s new open-access proposal faces backlash

On Wednesday, GAIL (India) share's jumped 8% to Rs 120 on BSE on the back of higher volumes in an otherwise restrained market. In the previous three trading days, after the oil regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) informed regulations for a consolidated gas distribution tariff structure, the stock of GAIL (India) has increased by 18%.The stocks have been trading at their highest levels since February 2020. The tariffs will be applicable based on the structure of the two zones related to the distance from the gas source. The stock has risen 42% over the past month compared to a 12% increase in the S&P BSE Sensex. Finalised city gas distribution (CGD) network regulations regarding common carriers were announced by PNGRB. The highlights of the CGD regulations include: Unrestricted access in geographical areas (Carbon) where marketing exclusivity has ended. Open-access capability shall be at least 20% of the CGD network capacity. Compression capacity or the full quantity of gas streaming through the CGD network or compressors for a duration of one day in the past, whichever is greater. Access to CNG or LCNG stations run by dealers and franchises of authorised entities will not be considered as a third-party shipper. Also Read: PNGRB’s new open-access proposal faces backlash

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?