₹140 crore, a person aware of the matter said, as consolidation continues in India’s city gas distribution (CGD) sector.This is the fourth acquisition in the last one year for Torrent Gas, part of Gujarat-based Torrent Group, after buying Mahesh Gas in Pune from the Mahesh Group, and Siti Energy in Moradabad and Dholpur from the Essel Group.“Acquisition of Sanwariya will give Torrent a ready access to a gas pipeline network of 500-km and seven compressed natural gas (CNG) stations to sell gas to 15,000 vehicles and sell piped gas to 5,000 homes and 125 factories.
Torrent on its own would have taken nearly a decade to set up this network," said the person cited above, the chief executive of a city gas distributor.CGD refers to transportation.