GAIL stocks rise 18% after PNGRB simplifies regulations

04 Dec 2020 CW Staff

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

Infrastructure Urban

06 Nov 2025

Maiden Forgings Becomes Approved Supplier to OFB Murad Nagar

Maiden Forgings Limited (MFL), one of India’s leading producers of bright steel bars and wires, has been officially registered as an approved supplier with the Ordnance Factory Board (OFB), Murad Nagar, under the Centralised Vendor Registration process.This recognition adds to MFL’s existing registration with OFB Kolkata, marking another strategic step in its deepening engagement with India’s defence manufacturing ecosystem. With this new approval, the company strengthens its foothold in the Business-to-Government (B2G) segment and expands its participation in the nation’s defence prod..

DCIL Signs MoUs Worth Rs 176.45 Billion to Boost Maritime Modernisation

The Dredging Corporation of India Limited (DCIL) has signed 22 Memorandums of Understanding (MoUs) with 16 organisations, collectively worth Rs 176.45 billion, during the India Maritime Week 2025 held at the Bombay Exhibition Centre, Mumbai, from 27–31 October.DCIL operates under a consortium of four major ports — Visakhapatnam Port Authority (VPA), Paradip Port Authority (PPA), Jawaharlal Nehru Port Authority (JNPA), and Deendayal Port Authority (DPA) — under the aegis of the Ministry of Ports, Shipping & Waterways (MoPSW).The MoUs include collaborations with leading ports such ..

Goa Advances Sustainable Future with Scientific Waste Management

Chief Minister Pramod Sawant reaffirmed Goa’s commitment to strengthening environmental sustainability through scientific and responsible waste management practices. He highlighted that the Common Hazardous Treatment and Storage Facility has become a key element in ensuring the safe, efficient, and sustainable management of hazardous waste across the State. Sawant said the state-of-the-art facility not only addresses critical environmental challenges but also supports local employment, with nearly 80 per cent of its workforce comprising Goan youth. He added that the State’s environmenta..