GAIL has said that Hon’ble Prime Minister Shri Narendra Modi has dedicated to the Nation the Varanasi City Gas Distribution (CGD) network which will supply environment friendly natural gas to households, transport sector and industries in the city through the ‘Pradhan Mantri‘ Urja Ganga’.
The project was dedicated in a function in the presence of Hon’ble Governor of Uttar Pradesh Shri Ram Naik, Hon’ble Chief Minister of Uttar Pradesh Shri Yogi Adityanath and a host of other dignitaries.
The foundation stone of the Varanasi CGD project had been laid by the Hon’ble Prime Minister on October 24, 2016. The Varanasi CGD network, which is being implemented by GAIL (India) Limited at a cost of Rs 755 crores, will cover 1,535 sq. km. and cater to a population of 36.76 lakhs.
Two Compressed Natural Gas (CNG) stations have started commercial operations while another 18 will be set up in the coming years. Overall, 20,000 vehicles are expected to use CNG in the city.
Meanwhile, shares of the company were trading at Rs 355 apiece down 0.56 per cent from the previous close at 10:53 hrs on BSE.