The country’s oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation, state-run gas marketer GAIL India, private player Adani Group and incumbent Indraprastha Gas (IGL) put in the bids for city gas distribution (CGD) licences as 86 permits for selling compressed natural gas (CNG) and piped cooking gas in 174 districts in 22 states and union territories went under the hammer on Tuesday. However, after showing interest in the bidding process, the Reliance Industries-BP combine is learnt to have dropped out of the race at the last moment.
More than 400 bids have been received for 86 geographical areas (GAs) offered in the ninth CGD licensing round. These GAs will cover 24% of India’s area and 29% of the country’s population. In other words, they cover 174 districts across 22 states and union territories. Currently, 91 GAs with 24% of the population have piped natural gas (PNG) facility. A licence winner under the CGD round will have the exclusive right to offer PNG and CNG in a particular GA for eight years, extendable by two years. Read More
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