Torrent Gas plans to invest over Rs 8,000 crores in the development of CGD network in these districts over the next 5 years, of which Rs 1,500 crores has already been invested.
Gas utility GAIL has picked up 5 per cent equity stake in the Indian Gas Exchange (IGX)
Speaking on the development, Rajesh K Mediratta, director, IGX said in the statement, "IGX envisions to play a key role in the development of India's gas market which is aligned with the government's vision to increase the share of gas in the energy mix from 6 per cent to 15 per cent by 2030."
Company intends to invest Rs 8,000 crore over the next five years across India
It holds a city gas license for selling compressed natural gas (CNG) to vehicles and piped cooking gas (PNG) to industries and households kitchens across seven States.
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