Gujarat Gas Stock Surges As Company To Distribute Gas In Thane

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Shares in Gujarat Gas gained ground after the company said that it had got permission to distribute gas in Thane.

Gujarat Gas Stock Surges As Company To Distribute Gas In Thane
Gujarat Gas: Quotes, News
BSE 550.00BSE Quote8.85 (1.61%)
NSE 553.00NSE Quote9.85 (1.78%)
According to news reports the company got an authorisation from Petroleum and Natural Gas Regulatory Board to lay, build, operate, or expand city or local natural gas distribution network (CGD) for the geographical area of Thane, Maharashtra.

The shares were last trading at Rs 764, up 14 per cent on the National Stock Exchange.

Gujarat Gas Company is in virtually every aspect of the energy chain from upstream downstream and mid stream. The company serves the entire retail value of the energy chain from residential, commercial, industrial and compressed natural gas.

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Read more about: gujarat gas
Story first published: Wednesday, April 15, 2015, 11:10 [IST]
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