GAIL will start its operations in
The proposed JV will undertake city gas distribution projects in the state and provide compressed natural gas (CNG) and piped natural gas (PNG) in cities for automotive and domestic users.
The two companies will hold a 22.5-per cent stake each in the in the new JV company and five per cent will be offered to the Rajasthan government or its nominees. The remianing 50 per cent will be held by strategic investors, public or financial institutions.
According to U D Choubey, chairman, GAIL, city gas distribution will be the next high growth area in gas markets.
PIN/DOMAIN-B.COM
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