Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities


Gujarat firms bet big on gas, place 99 out of 406 bids for 86 cities

About half a dozen Gujarat-based companies have submitted 99 bids for city gas licences, which accounts for almost 25% of the total 406 offers received by Petroleum and Natural Gas Regulatory Board (PNGRB) to sell piped natural gas (PNG) as well as compressed natural gas (CNG) in 86 Indian cities.

If one adds the joint bids by Adani Gas Limited (AGL) and Indian Oil Corporation (IOC), the number stands at 118. Among Gujarat firms, AGL has bid for 32 cities on its own and another 20 in collaboration with IOC taking the total tally to

52. Torrent group company Torrent Gas Ltd and Gujarat Gas Limited (GGL) have bid for 31 and 21cities, respectively.

While IRM Energy Private Ltd, a group company of Cadila Pharmaceuticals Ltd, has placed 9 bids, Sabarmati Gas, a company promoted by GSPC and BPCL, has thrown its hat for 6 geographical areas. Read More

Leave a Reply

Your email address will not be published.