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

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..