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HCG Group to invest INR 500 cr for Gurugram's PNG and CNG network expansion

New Delhi: HCG announced an investment of Rs 500 crore to expand piped natural gas (PNG) and compressed natural gas (CNG) infrastructure in Gurugram. This strategic move aims to provide approximately 100,000 domestic PNG connections in the next year, with a long-term plan to reach approximately 300,000 households over the next five years.

During the inauguration of the PNG connections in Palam Vihar, in the presence of Gajendra Singh, member of the Petroleum and Natural Gas Regulatory Board (PNGRB), emphasis was on natural gas as a crucial step towards enhancing residents' quality of life and meeting national sustainability goals.

HCG Chairman Rahul Chopra and CEO Kapil Chopra announced plans to improve infrastructure, including adding 50 CNG stations to the existing 40, taking the total to 90 stations. This expansion also includes expanding the gas distribution network by an additional 1,000 kilometers.

PNG and CNG network expansion,hcg group, png, narendra modi, piped natural gas, kapil chopra, petroleum and natural gas regulatory board, compressed natural gas

"HCG is actively contributing towards realizing the vision of transforming India into a gas-based economy. Our efforts aim to increase the share of natural gas from 6% to 15% in the country's total energy basket," said Kapil Chopra.

This commitment underscores HCG Group's dedication to sustainable infrastructure development and support for Prime Minister Narendra Modi's initiative to enhance the role of natural gas in India's energy sector.

The event also featured the symbolic inauguration of 101 PNG connections in Palam Vihar, representing HCG's commitment to pioneering sustainable energy solutions.

Also Read: NexGen Energia to invest INR 1,000cr for setting up EV manufacturing unit in J&K

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