Reportedly, Megha Engineering and Infrastructures Limited (MEIL) is planning to sell off its city gas distribution (CGD) business, Megha City Gas Distribution Private Limited.
It has decided to unify its operations and has approached various public sector companies including Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Indraprastha Gas Limited (IGL) among others.
Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised Megha Gas to lay city gas distribution (CGD) infrastructure in 62 districts across 22 GAs in nine states of Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Odisha, Maharashtra, Madhya Pradesh, Punjab and Uttar Pradesh.