As much as Rs 1.2 lakh crore of investment has been committed by firms like IOC, Adani Gas and Torrent in a massive rollout of CNG stations and cooking gas connections to households over the next 8-10 years, oil regulator PNGRB said Friday. The move is likely to expand coverage of city gas to 70 per cent of the country’s population.
PNGRB has in last six months awarded licenses for setting up city gas distribution networks in 136 geographical areas or GAs in two bid rounds that will expand the network of CNG stations in the country to 10,000 from current 1,500 and piped natural gas connections to household kitchens to 5 crore from current 5 lakh, PNGRB Chairman D K Sarraf said.
