Oil regulator gives up to 251 days more to IOC, Adani Gas, others to complete work

Oil sector regulator PNGRB has given up to eight-and-a-half months of extra time to companies such as Indian Oil Corporation NSE 1.97 % (IOC), GAIL and Adani Gas NSE -3.06 % to fulfil their city gas project rollout commitments that had been impacted by COVID-19 lockdowns.

On November 5, the Petroleum and Natural Gas Regulatory Board (PNGRB) issued an order granting more time to 41 city gas entities to complete their rollout commitment.

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