BPCL promoted JVC are successful in 25 GAs covering 43 Districts

Petronet LNG Limited (PLL)

PLL was formed in April 1998 for importing LNG and setting up an LNG terminal with facilities like jetty, storage, regassification unit, etc. to supply natural gas to various industries in the country. The company has an authorized capital of ₹3,000 crore and a paid-up capital of ₹1,500 crore. PLL was promoted by four public sector companies, namely, BPCL, IOCL, ONGC and GAIL.  

Indraprastha Gas Limited (IGL)

IGL is a joint venture promoted by BPCL and GAIL and was set up in December 1998. It is a leading CGD company in India, supplying natural gas to transport domestic, commercial, and industrial consumers. The operations of IGL are spread over NCT of Delhi, Noida & Greater Noida, Ghaziabad & Hapur, Gurugram, Meerut (except area already authorized), Shamli, Muzaffarnagar, Karnal, Kaithal, Rewari, Ajmer, Pali and Rajsamand  

Sabarmati Gas Limited (SGL)

SGL, a joint venture company promoted by BPCL and Gujarat State Petroleum Corporation (GSPC), was incorporated in June 2006 with an authorized capital of ₹100 crore. The company operates a CGD network in the districts of Gandhinagar, Mehsana, Aravali, Sabarkantha and Patan in Gujarat. The paid-up share capital of the Company is ₹20 crore. As of March 31, 2020, BPCL has a stake of 49.94% in this JV.  

Central Up Gas Limited (CUGL)

CUGL is a Joint Venture Company set up in February 2005 with GAIL as the other partner for implementing the projects for supply of CNG to automobile sector and PNG to household, industrial and commercial sectors in Kanpur (including parts of Unnao district), Bareilly and Jhansi in Uttar Pradesh. The Company was incorporated with an authorized share capital of ₹60 crore. The joint venture partners have each invested ₹15 crores for an equity stake of 25% each in the company, while the balance 50% is held by Indraprastha Gas Ltd.  

Maharashtra Natural Gas Limited (MNGL)

MNGL, a winner of the "City Gas Distribution Growing Company of the Year 2019” award, was set up in January 2006 as a joint venture company with GAIL for implementing a CGD network in Pune and its nearby areas. MNGL, while strengthening its roots in the existing authorized GA covering Pune and adjoining areas, is also on its way to expand the CGD network in Nasik GA (Nasik, Dhule & part of Valsad), Sindhudurg GA in Maharashtra and Ramanagara GA in the state of Karnataka. The company has a paid-up capital of ₹100 crore. BPCL and GAIL have invested ₹22.50 crore each in MNGL’s equity capital. Maharashtra Industrial Development Corporation (MIDC), as a nominee of Maharashtra Government, picked up 5% equity in June 2015. The balance 50% is held by IGL, a BPCL joint venture company.  

Haridwar Natural Gas Private Limited (HNGPL)

BPCL has signed a joint venture agreement with GAIL Gas Limited for implementing a CGD project in the geographical area of Haridwar and formed a joint venture company Haridwar Natural Gas Pvt. Ltd. On a 50:50 basis. HNGPL was incorporated in April 2016 with an authorized share capital of ₹45 crore. As on March 31, 2020 the promoters have infused ₹22.20 crore each towards equity contribution. The project cost for the first five years is approximately ₹148 crore, which will be funded through a debt-equity of 70:30.  

Goa Natural Gas Private Limited (GNGPL)

GNGPL was incorporated in January 2017 as a joint venture company by BPCL and GAIL Gas Limited on equal shareholding basis for implementing a CGD project in the geographical area of North Goa. The authorized share capital of the company is ₹50 crore and as on March 31, 2020 the promoters have infused ₹17.50 crore each towards equity contribution. The project cost for the first five years is approximately ₹119 crore, which is funded through a debt-equity of 70:30.