Gail India gets PNGRB approval to transfer CGD areas
PNGRB approved Gail India to transfer six CGD areas to Gail Gas, enabling the subsidiary’s listing, according to executives aware of the development.
The Petroleum and Natural Gas Regulatory Board has permitted Gail India to transfer six city gas distribution areas to Gail Gas, according to executives familiar with the matter. The move clears the way for the subsidiary’s listing, the executives said.