India, Mumbai
Indian energy giant, Reliance Natural Resources Ltd (RNRL) has submitted a confirmation notice to the Bombay Stock Exchange confirming reports that their subsidiary Reliance Fuel Resources Ltd has submitted an application to the Ministry of Petroleum and Natural Gas to set up city gas distribution projects in Mumbai, Delhi and National Capital Region areas. The confirmation notice doesn’t go in to detail but the press reports indicate that the company has submitted three applications for licenses which include the sale of compressed natural gas (CNG) for automobiles in Mumbai, Delhi, Gurgaon, Faridabad, Ghaziabad and Noida.
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