Indian Oil Corporation (IOC), the country’s largest fuel retailer, and Gautam Adani-led Adani Gas have emerged as the largest winners for City Gas Distribution (CGD) licenses, winning 17 and 15 Geographical Areas, respectively, under the ninth and tenth rounds of CGD auctions.
Overall, the winners of the two rounds of auction combined are expected to provide 4.13 crore Piped Natural Gas (PNG) connections and set-up 7,924 Compressed Natural Gas (CNG) stations across the country by 2029. Also, laying of 170,873 Km of steel pipeline network is expected up to 2029.
Other companies which won significant number of GAs under both the rounds were Bharat Gas with 13 GAs, Torrent Gas with 12, Read More
Latest posts by ET Energy World (see all)
- Coal India gives Rs 1,131 crore to LIC for new pension scheme covering 16,000 executives - April 24, 2019
- US to ensure steady oil supply for India - April 24, 2019
- SECI defers bids submission for 1,200 MW wind-solar hybrid capacities - April 23, 2019