NewsHour WIth Anil Singhvi: ONGC gets approval for laying CBM pipelines
Oil and Natural Gas Corporation (ONGC) will be laying pipelines in Bokaro and Ramgarh districts of Jharkhand, revealed Zee Business Managing Editor Anil Singhvi
Oil and Natural Gas Corporation (ONGC) will be laying pipelines in Bokaro and Ramgarh districts of Jharkhand, revealed Zee Business Managing Editor Anil Singhvi. The government has approved the ONGC pipeline projects in these two districts, the Market Guru said.
“Land acquisition notification has also been issued to facilitate work of piped gas projects in this regard. The government has approved pipeline for Coal Bed Methane (CBM) in Bokaro and Ramgarh districts,” said Anil Singhvi.
Find the detail coverage in the video below:
#BreakingNews | ONGC बिछाएगी पाइपलाइन...
— Zee Business (@ZeeBusiness) November 27, 2020
The news, however, failed to push ONGC share, which closed on Friday’s trading session at Rs 78.50, Rs 1.50 less than its previous trading session.
Earlier, in order to strengthen gas infrastructure in the country, Prime Minister Narendra Modi had laid a foundation of City Gas Distribution (CGD) projects in 129 districts, including five in Jharkhand, in November 2018.
Jharkhand’s five districts—Bokaro, Hazaribagh, Ramgarh, Giridih and Dhanbad were picked in the ninth round of CGD bidding.
“Gas infrastructure is being strengthened in the country. The National Gas Grid project, Jagdishpur-Haldia, and Bokaro-Dhamra will give a new lease of life to Sindri (Dhanbad), Gorakhpur and Barauni fertilizer plants,” PM Modi had said.
See Zee Business Live TV Streaming Below:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.