Indian Oil, Adani, Bharat Gas, Torrent emerge biggest winners under 9th and 10th round of CGD auctions


Indian Oil, Adani, Bharat Gas, Torrent emerge biggest winners under 9th and 10th round of CGD auctions

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

Leave a Reply

Your email address will not be published.