Megha Gas is now MCGDPL
To invest over Rs.10,000 cr in 5 yrs
image for illustrative purpose
Hyderabad: Megha Engineering & Infrastructures Ltd (MEIL) subsidiary MeghaGas is now known as Megha City Gas Distribution Pvt Ltd (MCGDPL). It will be the authorised entity to execute the City Gas Distribution (CGD) projects across India.
In a letter recently to the Petroleum and Natural Gas Regulatory Board (PNGRB), the MEIL sought an authorisation transfer to MCGDPL, which has been granted. Henceforth all dealings, including all operations, and administrative functions, will come under the MCGDPL.
The company is executing City Gas Distribution network projects in 22 areas across 62 districts in the country, covering 10 States. The States are Madhya Pradesh, Uttar Pradesh, Punjab, Odisha, Rajasthan, Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh and Telangana. It has already laid over 2,000 km of MDPE line and over 500 km of steel pipelines in different locations.
The company operates over 60 CNG stations and is servicing over 80,000 domestic household connections. For implementing CGD, the company has invested over Rs 1,000 crore till date and will be investing over Rs 10,000 crore over the next five years.
