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INR 2700 Cr Lined Up for Building Natural Gas Infrastructure by Rajasthan State Gas Ltd: Implications

News: 

Rajasthan State Gas Ltd, a joint venture of state utility GAIL Gas Ltd and Rajasthan State Petroleum Corp, today signed an agreement to invest Rs 2,700 crore in developing natural gas infrastructure in Rajasthan. The MoU, signed by RSGL and the Rajasthan government, envisages setting up CNG stations on highways and distribution of natural gas to various industrial clusters in the state, a company press statement said here. 

 

Source: ET

SNP Insight: 

The development of natural gas in infrastructure by Rajasthan State Gas Ltd. can certainly help in establishement of Industrial Clusters in the identifed areas like Neemrana, Gahlot, Bikaner & Bhilwara. Further with the opening up of CNG station on earmarked highways will help in getting access to cleaner and cheaper fuel and meet the demand from automobile sector. 

Source: SNP Infra Research