Central Up Gas Limited

Central UP Gas Limited (CUGL) is a JV formed in February 2005 between GAIL and Bharat Petroleum Corporation Limited (BPCL) . CUGL received the certifiacte for commencement of commercial operations in May 2005. Other shareholders of the company are the Asian Development Bank (20 per cent), Pan Asia (15 per cent), Infrastructure Development Finance Company (15 per cent) and Uttar Pradesh State Industrial Development Corporation (5 per cent). GAIL and BPCL have an annual shareholding of 22.5 per cent respectively.

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