PM dedicates Varanasi CGD project to nation
Meanwhile, the share price of GAIL (India) Ltd closed a little higher in the National Stock Exchange compared to Friday's close.
The Varanasi CGD network will supply environment savvy natural gas to households, transport sector and industries in the city through the 'Pradhan Mantri Urja Ganga'.
The project was dedicated in a function at Varanasi in the presence of Hon'ble Governor of U.P. Shri Ram Naik, and the Chief Minister of U.P Shri Yogi Adityanath together with a host of other dignitaries.
It is worthy of note that the Varanasi CGD network, which is being implemented by the largest state-owned natural gas processing and distribution company Gas Authority of India Limited ( GAIL(India) Ltd), at a cost of Rs 755 crores, will cover 1,535 sq. km. and serve a population of 36.76 lakhs.
Two CNG stations have started commercial operations while another 18 will be established in the coming years. Overall, 20,000 vehicles are expected to benefit CNG in the city.
Moreover, PNG connection (Piped Natural Gas) works for 8,000 houses has been completed which are likely to be connected by March 2019. About 1,00,000 households are expected to be covered in the project.
In addition to Varanasi, CGD networks are also being pipelined by GAIL on the way to Patna, Jamshedpur, Ranchi, Bhubaneswar and Cuttack.
Meanwhile, on Monday, the share price of GAIL (India) Limited was ended almost flat in the NSE at Rs.357 up by 0.04 percent compared to Friday's close of Rs. 356.85, whereas in BSE, GAIL India share edged lower 0.14 percent at Rs. 356.50.
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