Torrent Gas signs pact to take over Sanwariya Gas

Torrent Gas on Tuesday said it has signed an agreement to take over Sanwariya Gas which has a licence to retail CNG to automobiles and piped gas to households for cooking purposes in Mathura. The acquisition cements Torrent’s city gas distribution network that is now spread over 33 districts in seven states and one union territory.

“Torrent Gas, through its wholly-owned subsidiary, has signed a share purchase agreement (SPA) with the promoters of Sanwariya Gas for the takeover of the company which has the authorisation from Petroleum and Natural Gas Regulatory Board (PNGRB), to provide compressed natural gas (CNG) and piped natural gas (PNG) in the geographical area of Mathura,” the firm said in a statement.