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

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000