As many as 225 bids by companies such as Adani Gas, Indian Oil Corp (IOC), Torrent and GAIL Gas were received Tuesday at the close of bidding for city gas licences for 50 cities, official sources said.
Without disclosing the names of bidders, the Petroleum and Natural Gas Regulatory Board (PNGRB) said “about Rs 50,000 crore” of investment would be plowed in the cities offered for bidding for a licence to retail CNG to automobiles and piped cooking gas to households kitchens.
The cities on offer included Gwalior in Madhya Pradesh, Mysore in Karnataka, Ajmer in Rajasthan and Howrah in West Bengal.
“About 225 bids were received in respect of all the 50 geographical areas (GAs) offered in the 10th City Gas Distribution (CGD) bidding round. Read More