Maharashtra: BPCL To Invest Rs 3,972 Crore For Development Of City Gas Distribution Network In Aurangabad And Ahmednagar

Bharat Petroleum Corporation Limited (BPCL) on Tuesday (1 March) announced investment of Rs 3,972 crore for development of city gas distribution (CGD) network in two districts Maharashtra.

In a statement on Tuesday, the state-run oil PSU said that it has launched the city gas distribution (CGD) network in Aurangabad and Ahmednagar districts of Maharashtra.

BPCL added that it will invest around Rs 1,600 crore over next 5 years and a total of Rs 4000 crore for completion of full project.

BPCL won geographical area (GA) of Aurangabad and Ahmednagar during ninth round of bidding of Petroleum and Natural Gas Regulatory Board (PNGRB), through a wholly owned subsidiary Bharat Gas Resources Ltd (BGRL).

Despite the pandemic during last two years, the company has already started laying steel pipeline for development of PNG and CNG in the two districts, it said.

BPCL has developed 21 CNG stations (15 in Ahmednagar and 6 in Aurangabad) and work is in process for 40 more CNG stations to be set up in both districts.

For the industrial consumers, the connectivity in areas of Walunj and Shendre in Aurangabad and Supa in Ahmednagar is expected to be completed by September 2022, the company said.