Gail India Gets PNGRB Nod to Transfer Six CGD Areas
PNGRB has approved Gail India’s transfer of six city gas distribution areas to its subsidiary, Gail Gas, enabling the planned listing of the subsidiary, according to executives aware of the development.
The Petroleum and Natural Gas Regulatory Board (PNGRB) has permitted Gail India to transfer six city gas distribution (CGD) areas to Gail Gas, according to executives familiar with the matter. The move is expected to support the planned listing of the subsidiary, the executives said.