Mahanagar Gas (MGL), a joint venture between GAIL India, British Gas of United Kingdom and the Maharashtra government, has rolled out piped natural Gas (PNG) in south Mumbai.
PNG pipelines will soon be reaching homes in Thane, Meera Road - Bhayandar and places Navi Mumbai where PNG is not already being supplied.
In three years, MGL expects to double its subscriber base from 2.88 lakhs to six lakhs in Mumbai and treble in five years, increasing supply of PNG from 1.4 million metric standard cubic metre per day (MMSCMD) of gas to 4.5 MMSCMD in five years. For this, MGL will have to partly depend on the increase of natural gas production, expected towards the middle of 2008, P K Gupta, managing director, MGL, said.
The investment in this project would be Rs 12,000 crore, which would be through internal accruals, he said.
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