DNA ‘City gas distribution sector to see significant investments’
The city gas distribution (CGD) sector is likely to see a significant increase in investments over the next three-four years, after the Supreme Court’s judgement allowing asset-owning CGD companies to freely price their products, according to an India Ratings report on Wednesday.
Operators had been going slow in new investments since 2010 due to regulatory uncertainty with respect to pricing.
“We expects a significant increase in investments in the city gas distribution (CGD) sector over the next three to four years, pursuant to the Supreme Court’s judgement allowing asset-owning CGD companies to freely price their products,” the India Ratings and Research (Ind-Ra) report stated.
