Reliance faces flack from public city gas companies
Monday, August 18, 2008Public city gas companies protest the expression of interest by RIL in cities where the government companies have interests.
Government-controlled city gas companies including Indraprastha Gas, Avantika Gas and Maharashtra Natural Gas have protested against the expression of interest submitted by Reliance Industries (RIL) for cities where these companies have interest (EOI). These include Gurgaon, Noida, Indore, Faridabad, Gwalior, and Pune.
RIL had earlier submitted EOI for 54 cities including the above mentioned. The public sector gas companies are now demanding that they should be given exclusivity of operations in these cities.
Indraprastha Gas for example, has been providing piped natural gas in Delhi since 1999. The company has been expanding its operations into the national capital region. As such, it has asked the Petroleum and Natural Gas Regulatory Board to stop its proceedings towards inviting private companies for Noida, Gurgaon and Faridabad. Indraprastha feels that it has been given the right to supply piped gas exclusively in the region by the oil ministry.
Recent Corporate Earnings / Breaking News
- EIH Oberoi Hotels - Results
- Will Govt accept Chaturvedi's Oil Recommendations ...
- Ambuja Cements under high cost pressure
- Deepak Fertilisers - Q1 net profit doubles
- Bilpower Ltd - Results Review
- 35% Growth in Credit Card Business - HDFC Bank
- Madhucon projects - Embedded Assets and Projects
- Vishal Retail - Slowdown or consoldation ahead ?
- Ranbaxy Labs + Glaxosmithkline Pharma
- Bank of Baroda + Andhra Bank Outlook
