RSGL to expand pipe gas network across the state
23 November 2020
Rajasthan State Gas Ltd. has doubled profit in 2020 by significantly reducing expenses. Chairman RSGL and principal secretary of mines and petroleum Ajitabh Sharma said that in the financial year of 2020, the profit of RSGL has increased from Rs 5.38 crore to more than Rs12.63 crore.
Sharma also said that 10,000 new domestic gas connections will be given through pipeline in Kota by March, while the distribution of LPG through the pipeline to domestic consumers, industries, and setting up of CNG stations is in progress in 19 cities of the state by various companies. Sharma, while addressing the seventh annual general meeting, said developing PNG and CNG distribution networks is the need of the hour because of increasing pollution and cost.
He added that RSGL is working on the urban gas distribution system on a war footing in Kota city. Domestic gas is being distributed through pipelines to 10,000 households by establishing eight CNG stations in Kota city.
CNG is being made available to industries and vehicles from Mother Station in Neemrana, Alwar, and by setting up at Jaipur’s Dotter Booster Station, Kukas. A network of the urban gas distribution system is also being developed by RSGL in Gwalior and Sheopur in Madhya Pradesh. He said that one CNG station has been established at both places.
Mohan Singh, MD RSGL said that the doubling of CNG stations and better financial management has resulted in a reduction in expenditure resulted in the achievement of over 130% in pre-tax profit, post-tax profit, and earnings per share.