rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
INDRAPRASTHA GAS LTD. - Updates
< Back
29 Jan 2016
Indraprastha Gas Ltd has informed BSE that Petroleum and Natural Gas Regulatory Board (PNGRB) has webhosted an order regarding exclusivity of Delhi City Gas Distribution (CGD) network. The text of the order is available on PNGRB website www.pngrb.gov.in. PNGRB has mentioned the following in its order:-&lt;BR&gt;&lt;BR&gt;1. In view of PNGRB letter of acceptance of authorization dated February 02, 2009, the exclusivity period of IGL in Delhi has ended on January 01, 2012.&lt;BR&gt;&lt;BR&gt;2. That PNGRB is in the process of declaring CGD network in accordance with provision of Section 20 of the PNGRB Act, 2006.&lt;BR&gt;&lt;BR&gt;In this context, IGL would like to state that the issue regarding ending of exclusivity of IGL in Delhi is sub judice before Delhi High Court vide Writ Petition no. 9374/2015. Honble High Court vide order dated September 30, 2015 has directed that any order passed by the Board (PNGRB) shall be subject to further order of this Court.
View all announcements for INDRAPRASTHA GAS LTD. Source: BSE India