Torrent to invest in TN city gas distribution infra

18 Dec 2020 CW Team

Gujarat-based city gas distribution company Torrent has signed an agreement with the Tamil Nadu government in a commitment to invest Rs 5,000 crore for city gas distribution development in the state.

Earlier, Torrent Gas was authorised by Petroleum and Natural Gas Regulatory Board (PNGRB) to offer compressed natural gas (CNG) as well as Piped Natural Gas (PNG) in Chennai and Thiruvallur districts.

This investment for the development of CGD infrastructure will have an impact on the socio-economic development of the region. It will help in attracting new investment in the state that requires the availability of natural gas as a prerequisite. Thus, it will improve the competitiveness of existing industries that use natural gas and increase savings for small businesses and families that depend on CNG and natural gas. Jinal Mehta, the director of Torrent Gas, mentioned it would provide both direct and indirect employment to over 5,000 people.

Additionally, Torrent Gas would be laying pipelines and taking care of other requisite infrastructure over an area of 3,569 sq km. It will help in offering PNG connection to homes, industries and commercial establishments. CNG will also be helpful for vehicles. In the company’s first phase of infrastructure development, it aims to commission over 30 CNG stations in the last quarter.

Torrent Gas commissioned its first CNG station situated in Nagapattinam, Tamil Nadu. It has started the work of laying the pipelines. Mehta added that the company is looking to offer its Initial Public Offering(IPO) by 2023-24.

Image Source

Equipment

12 Dec 2025

Escorts Kubota Unveils BS V Next-gen Construction Range at Excon 2025

Escorts Kubota (EKL), one of India’s major engineering groups in the agricultural and construction equipment sectors, unveiled its latest BS V–compliant construction machinery line-up at Excon 2025. The refreshed portfolio underscores the company’s push toward application-driven, high-productivity solutions that reduce ownership costs and meet the needs of India’s expanding infrastructure landscape. With demand rising across urban development, industrial logistics and mining, the new range aims to deliver higher performance, durability and operator comfort.In the earthmoving segment, E..

ACE and Kotak Mahindra Bank Join Hands to Boost Backhoe Loader Financing

Action Construction Equipment (ACE), the world’s largest Pick-n-Carry crane maker and a leading manufacturer of material handling and construction equipment in India, has entered into a Memorandum of Understanding with Kotak Mahindra Bank to enhance the availability of flexible financing options for backhoe loader customers across the country.The collaboration aims to support contractors, infrastructure companies, entrepreneurs, SMEs, and emerging businesses by offering smoother access to credit through customised loan schemes, quicker turnaround times, and the extensive footprint of Kotak M..

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..