GAIL-HPCL Sign JV Agreement For City Gas Projects In Rajasthan

Gail India Ltd has informed that the Company and Hindustan Petroleum Corporation Ltd (HPCL) on May 17, 2007 signed a Joint Venture agreement for City Gas Distribution projects in Rajasthan. The agreement was signed at the Companys office by Shri. A K Purwaha, Director (Business Development), of the Company and Shri. S Roy Choudhury, Director (Marketing), HPCL in the presence of Dr. U D Choubey, CMD, of the Company and Shri. Arun Balakrishnan, CMD, HPCL and senior executives of both organizations. The Joint Venture Company will take up City Gas Distribution projects in Rajasthan and enable use of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in cities of Rajasthan for automotive and domestic use. The Joint Venture Company will start its operations in Kota for which the Detailed Feasibility Report (DFR) has already been prepared by the Company. The Companys Vijaipur Kota pipeline is already operational and the Kota city gas project will source its gas though this pipeline.