The Petroleum and Natural Gas Regulatory Board (PNGRB) has accepted the proposal for transfer of authorisation of Amritsar and Bhatinda district geographical areas (GAs) from Gujarat State Petronet Limited to Gujarat Gas Limited. Reportedly, the company is required to submit revised financial closure, gas supply agreement and performance bank guarantee  to PNGRB to complete the process of transfer. Further, the PNGRB has permitted the company to take over activities of laying, building, operating or expanding CGD networks in the two GAs.

Gujarat Gas operates in the segment of natural gas business and is India’s largest city gas distribution company. The company has more than 24,000 km of gas pipeline network. Further, as of March 2020, it has over 400 CNG stations and distributes close to 10 million standard cubic meters per day (mscmd) of natural gas to over 14,50,000 households, approximately 200,000 CNG vehicles (fueled per day) and to more than 3,700 industrial customers. Its consolidated net profit increased by 114.80 per cent to Rs 2.50 billion on 39.8 per cent rise in net sales to Rs 26.67 billion in fourth quarter of March 2020 over the corresponding period in 2019.