$BPCL

In a significant development, Maharatna PSUs OIL and $BPCL have signed a Joint Venture Agreement (JVA) to develop a gas distribution network in Arunachal Pradesh, with plans to roll out Compressed Natural Gas (CNG) stations and Piped Natural Gas (PNG) to households, businesses and industries. The agreement also serves a strategic purpose as it aligns with the government's push toward a gas-based economy and clean energy access in the North-eastern region. "OIL has a long-standing legacy of hydrocarbon production in the state and with the commissioning of Kumchai-Kusijan gas pipeline last year, we successfully reinforced our role as an anchor in advancing the Government of India's hydrocarbon vision for the North-East," Ranjit Rath, CMD, OIL said. Sanjay Khanna, CMD of BPCL said the joint venture will expand clean energy access across the North-East. "Together with OIL, we will build a strong City Gas Distribution network to serve households, industries, and transport.