September 23, 2017 4:30 AM ET

Gas Utilities

Company Overview of Central U.P. Gas Limited

Company Overview

Central U.P. Gas Limited operates as a city gas distribution company in India. The company engages in the development and construction of a city gas distribution network to deliver compressed natural gas to vehicles and piped natural gas to commercial, industrial, and residential users. It has projects in Kanpur and Bareilly, India. Central U.P. Gas Limited was incorporated in 2005 and is based in Kanpur, India. As of June 25, 2013, Central U.P. Gas Limited operates as a subsidiary of Indraprastha Gas Limited.

Kanpur,  

India

Founded in 2005

Key Executives for Central U.P. Gas Limited

Central U.P. Gas Limited does not have any Key Executives recorded.

Central U.P. Gas Limited Key Developments

IGL Plans To Buy Out JV Partners

Indraprastha Gas Limited (BSE:532514) which owns 50% in Central U.P. Gas Limited and Maharashtra Natural Gas Limited, plans to wholly own both the joint ventures, Managing Director E S Ranganathan said. Indraprastha Gas plans to buy out its partners in the joint ventures, GAIL (India) Limited (NSEI:GAIL) and Bharat Petroleum Corporation Limited (NSEI:BPCL), to drive the company’s expansion in western and central India. GAIL and BPCL officials weren’t immediately able to comment. “Our strategy consultant has suggested this as a first step, which will be presented to the board next week,” he said. “If these come through, then the expansion in western India can be through MNGL, central India by CUGL and northern India will be done by IGL,” he said. “We have enough cash right now and we may not need to borrow,” he said.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
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