Rudra Gas Enterprise Limited Awarded Contract for Transporting Compressed Bio Gas (CBG)
Rudra Gas Enterprise Limited has secured a contract for the transportation of Compressed Bio Gas (CBG) destined for retail outlets of Gujarat Gas Limited. The agreement involves key entities, including Gujarat Gas Limited and GAIL (India) Limited, setting a tenure for the commercial operation through to December 31, 2047.The contract awarded to Rudra Gas Enterprise Limited pertains to the transportation of CBG to retail outlets of Gujarat Gas Limited. The service can be executed through multiple operational modes: utilizing the company's own carriers, channeling through a pipeline network, or adopting a Compression-Transportation-Decompression arrangement within the Gujarat Gas Entity's pipeline, followed by offloading at the DBS/RO until the CBG volume is sold to retail customers.
The contract details reveal that the commercial consideration for this work order is based on a monthly billing of approximately 1 Crore, according to present pricing.
Key details regarding the contract award are presented below:
| Particulars | Details |
|---|---|
| Awarding Entities | Gujarat Gas Limited and GAIL (India) Limited |
| Service Scope | Transporting Compressed Bio Gas (CBG) to Retail outlets of Gujarat Gas Limited |
| Tenure | Up to December 31, 2047 |
| Monthly Consideration | Billing of Appx 1 Crore |
| Related Party Status | No |
| Shareholding in Awarding Entities | NIL |
Stock Price Movement
At the close of trade today, Rudra Gas Enterprise Ltd shares settled at ₹71.55, holding steady with zero percent change. Throughout the session, the stock moved through a notable range, trading between a low of ₹68.10 and a high of ₹71.55.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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