Torrent Gas has signed a share purchase agreement with Sanwariya Gas for the takeover of the company to provide compressed natural gas and piped natural gas in Mathura. The acquisition of Sanwariya Gas is the fourth acquisition by Torrent Gas in the city gas distribution (CGD) sector in three years.

With this acquisition, Torrent Gas now has authorisation to set up CGD network across 17 geographical areas spread over 33 districts in seven states and one union territory. Torrent Gas is planning to invest over Rs 80 billion in the development of CGD network in these districts over the next five years, of which Rs 15 billion has already been invested.