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
Latest posts by The Times Of India (see all)
- Nayara Energy to invest $850 mn to expand into petchem business - January 19, 2019
- Chennai Petroleum to pay Rs 75L as environmental compensation charge: CPCB - January 19, 2019
- Tangedco thermal units on standby as power demand dips - January 18, 2019