Latest news with #GasDistribution
Time of India
16-07-2025
- Business
- Time of India
Rajasthan Cabinet clears City Gas Distribution Policy-2025 to promote clean energy access
The Rajasthan Cabinet, chaired by Chief Minister Bhajan Lal Sharma, held a meeting on Monday at the Chief Minister's Office and approved several key decisions aimed at encouraging planned urban development, promoting medical tourism, advancing the energy sector including renewable energy, and enhancing employee welfare. A significant decision among these was the approval of the Rajasthan City Gas Distribution (CGD) Policy-2025, which seeks to strengthen the gas-based energy framework within the state. Minister Sumit Godara informed that the Rajasthan City Gas Distribution (CGD) Policy-2025 has been approved to promote a gas-based economy. The policy is designed to facilitate the supply of clean, safe, and environment-friendly natural gas to the general public while helping to reduce carbon emissions across the state. He stated that the implementation of this policy will lead to increased investment in the infrastructure for City Gas Distribution (CGD). It will also support the expansion of PNG (Piped Natural Gas) and CNG (Compressed Natural Gas) networks, particularly in small towns and urban areas that currently lack access to such facilities. To streamline the regulatory process, the policy introduces simplified and time-bound procedures for CGD companies. It focuses on easing the processes for obtaining permissions, land allocation, and government approvals required to set up and operate gas infrastructure in Rajasthan. By making these steps more efficient, the policy aims to remove bureaucratic delays and promote a more business-friendly environment for investors and energy companies. Single-window system in place As part of the implementation mechanism, the policy also mandates the development of a dedicated CGD portal. This digital platform will serve as a single-window system to manage all applications, track approval status, and provide necessary information to stakeholders. The portal is expected to improve transparency, accountability, and operational speed in handling CGD-related activities. The Rajasthan City Gas Distribution Policy-2025 will remain in effect until March 31, 2029, or until another policy is introduced to replace it. This five-year validity gives the government a framework for mid-term review and course correction, if needed. The policy supports the state's broader goal of transitioning to cleaner sources of energy and reducing its dependence on conventional fossil fuels. It is aligned with national-level objectives of expanding the use of natural gas in residential, industrial, and transportation sectors. By increasing access to natural gas, especially in regions previously underserved, the policy is expected to bring multiple benefits—environmental sustainability, public health improvements, and economic investment in energy infrastructure. In conclusion, the approval of the CGD Policy-2025 marks a step forward in Rajasthan's clean energy agenda. It creates a clear pathway for expanding natural gas infrastructure, simplifies processes for companies, and lays the groundwork for cleaner urban energy consumption across the state.
Yahoo
27-06-2025
- Business
- Yahoo
Southwest Gas (SWX) is a Top-Ranked Value Stock: Should You Buy?
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum. Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks. Southwest Gas Corporation, incorporated in March 1931, is a regulated utility that provides natural gas services and has a wholly owned subsidiary, the Paiute Pipeline Company, through which it operates a pipeline transmission system. SWX sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Utility - Gas Distribution industry's P/E of 16X, shares of Southwest Gas are trading at a forward P/E of 20X. SWX also has a PEG Ratio of 2, a Price/Cash Flow ratio of 8X, and a Price/Sales ratio of 1.1X. Many value investors pay close attention to a company's earnings as well. For SWX, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $3.72 per share for 2025. SWX boasts an average earnings surprise of 6%. Investors should take the time to consider SWX for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southwest Gas Corporation (SWX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
India.com
29-05-2025
- Business
- India.com
CM Mamata Banerjee missing on stage, PM Modi in Alipurduar says Bengal's progress roots for India's development
CM Mamata Banerjee missing on stage, PM Modi in Alipurduar says Bengal's progress roots for India's development Prime Minister Narendra Modi on Thursday laid the foundation stone of the City Gas Distribution (CGD) project in Alipurduar and Cooch Behar districts of West Bengal. Chief Minister Mamata Banerjee was missing from stage. The project, worth over Rs 1010 crore, aims to provide Piped Natural Gas (PNG) to more than 2.5 Lakh households, over 100 commercial establishments, and industries, and Compressed Natural Gas (CNG) to vehicular traffic by establishing around 19 CNG stations in line with the Minimum Work Program (MWP) targets stipulated by the Government.
India Gazette
29-05-2025
- Business
- India Gazette
PM Modi unable to visit Sikkim due to inclement weather, addresses virtually
New Delhi [India], May 29 (ANI): Prime Minister Narendra Modi has been able to travel to Gangtok on Thursday to participate in the 'Sikkim@50: Where Progress Meets Purpose and Nature Nurtures Growth' programme, marking the 50th anniversary of Sikkim's statehood, due to inclement weather, officials stated. PM Modi was scheduled to arrive in the state around 11 AM and lay the foundation stone and inaugurate several key development projects to boost infrastructure, connectivity, and overall growth in Sikkim. Instead, the Prime Minister will address the people of Sikkim through a video conference from West Bengal's Bagdogra. Major initiatives include a new 500-bed district hospital in Namchi worth over Rs 750 crore, a passenger ropeway at Sangachoeling in Pelling, Gyalshing district, and the unveiling of a statue of Bharat Ratna Atal Bihari Vajpayee at Atal Amrit Udyan in Gangtok district. Additionally, he will release a commemorative coin, souvenir coin, and postal stamp to mark the golden jubilee. According to the Prime Minister's Office (PMO), the Prime Minister will also visit West Bengal, Bihar, and Uttar Pradesh on May 29 and 30, inaugurating and laying the foundation stones of development projects worth more than Rs 70,000 crore. PM Modi will also be visiting West Bengal, Bihar, and Uttar Pradesh. During his visit, PM Modi will inaugurate, dedicate, and lay the foundation stone of multiple development projects worth over Rs 70,000 crore. In a social media post announcing his visit on Wednesday, PM Modi said, 'Over the next two days, I will be attending programmes in Sikkim, West Bengal, Bihar, and Uttar Pradesh. The development works that will commence over the next two days will bring innumerable benefits for people and strengthen our resolve to build a Viksit Bharat.' The Prime Minister is to lay the foundation stone of the City Gas Distribution (CGD) project for Alipurduar and Cooch Behar districts on Thursday. The Rs 1,010 crore project will supply Piped Natural Gas (PNG) to over 2.5 lakh households and more than 100 commercial establishments and industries, and establish around 19 CNG stations. (ANI)
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Business Standard
29-05-2025
- Business
- Business Standard
PM virtually inaugurates key projects, lays foundation stones in Sikkim
Prime Minister Narendra Modi virtually laid the foundation and inaugurated several key development projects across Sikkim on Thursday. The Prime Minister had to cancel his scheduled visit to Sikkim for the inauguration of these projects due to inclement weather conditions. The projects include the new 500-bed district hospital in Namchi worth over ₹750 crore. Additionally, the PM inaugurated the Passenger Ropeway at Sangachoeling, Pelling in Gyalshing District, which promises to improve connectivity and boost tourism in the area. PM Modi also unveiled the statue of former prime minister Atal Bihari Vajpayee at Atal Amrit Udyan in Sangkhola, Gangtok. PM Modi will visit West Bengal today around 2:15 pm to lay the foundation stone of the City Gas Distribution project in Alipurduar and Cooch Behar. With an investment of over ₹1,010 crore, the project aims to deliver piped natural gas to 2.5 lakh households, set up 19 CNG stations, and supply clean fuel to businesses—boosting both the environment and employment in the region. PM's Bihar visit Later in the evening at around 5:45 pm, the PM will be in Bihar to inaugurate the new terminal at Patna airport, built at a cost of ₹1,200 crore and designed to handle one crore passengers annually. He will also lay the foundation for the new civil enclave at Bihta airport, a ₹1,410 crore project near institutions like IIT Patna and a planned NIT campus, supporting the area's growth as an education hub. PM's Uttar Pradesh visit On Friday at 2:45 pm, Modi will visit Uttar Pradesh to inaugurate several projects. In Kanpur, he will inaugurate and launch projects worth around ₹20,900 crore. Highlights include the Chunniganj to Kanpur Central Metro stretch, part of a ₹2,120 crore metro expansion with 14 new stations, including five underground, connecting key areas of the city, among other projects in the state.
