Bharat Gas Resources
 | |
| Type | Subsidiary |
|---|---|
| Industry | Oil and gas |
| Headquarters | Mumbai, Maharashtra, India |
| Owner | Ministry of Petroleum and Natural Gas |
| Parent | Bharat Petroleum Corporation Limited |
Bharat Gas Resources Limited (BGRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), India's second-largest oil marketing company[1] led by the Ministry of Petroleum and Natural Gas, Government of India.[2] It was amalgamated with the parent with effect from 16 August 2022. The Corporate Affairs Ministry issued the final order on 8 August 2022, approving the scheme of BGRL's amalgamation with BPCL.[3][4]
The main business of BGRL is gas sourcing and retailing. Headquartered in Mumbai, BGRL was incorporated in June 2018 to set up city gas distribution networks in different geographical areas[5] and streamline the corporate structure and consolidate the assets and liabilities of BGRL with BPCL.[3][6]
BGRL entered into a sale and purchase agreement with Mozambique Lng1 Company Pte. Ltd. for sourcing LNG from Mozambique.[2]
References
- ↑ "Bharat Gas Resources to invest Rs 9000 crores in 11 city gas projects". The New Indian Express. Retrieved 1 November 2022.
- 1 2 "BPCL stake sale: A look at the Maharatna beyond refining and petrol pumps – ET EnergyWorld". ETEnergyworld.com. Retrieved 31 October 2022.
- 1 2 Srivats, K. R. (22 August 2022). "MCA approves Bharat Gas amalgamation with BPCL". Business Line. Chennai. Retrieved 31 October 2022.
- ↑ "BPCL to merge Bharat Gas with itself". Business Standard India. 23 March 2021. Retrieved 31 October 2022.
- ↑ Pathak, Kalpana (23 September 2019). "Bharat Gas gets five-year loan from Bank of Baroda for ₹3,100 crore". mint. Retrieved 1 November 2022.
- ↑ Market, Capital (23 March 2021). "BPCL to merge Bharat Gas with itself". Business Standard India. Retrieved 30 October 2022.