GUJARAT STATE PETRONET LTD. - 532702 - Sub: Material Information Under Regulation 30 Of The Listing Regulations - Transfer Of Authorization Of Bhatinda And Amritsar District Geographical Area (GA) From Gujarat State Petronet Limited To Gujarat Gas Limited (GGL).
This is to inform you that Petroleum and Natural Gas Regulatory Board (PNGRB) has vide its Letters dated 29th June, 2020, accepted the proposal made by the Company to transfer the Authorizations for developing City Gas Distribution (CGD) Network in the Geographical Areas of Amritsar District and Bhatinda District to Gujarat Gas Limited (GGL). GGL is required to submit revised Financial Closure, Gas Sale Agreement and PBG to PNGRB to complete the process of transfer. Accordingly, PNGRB has permitted GGL to take over the activities of laying, building, operating or expanding CGD Network of Amritsar District GA and Bhatinda District GA from GSPL. You are requested to take the same on records.30-06-2020