Indraprastha Gas (IGL), Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licenses to distribute gas in one city each in the latest round of auction, according to people with direct knowledge of the matter.
In the much delayed 8th round city gas bidding, licenses for gas distribution in Karnal, Haryana is set to go to IGL. The licenses for Ambala-Kurukshetra, also in Haryana, would go to HPCL-Oil India, and South Goa to the joint venture between Indian Oil and Adani Gas, according to sources.
Actual award of licenses will take place probably a month later by when new members are likely to be appointed to the Petroleum & Natural Gas Regulatory Board, the downstream regulator that conducts these auctions.
PNGRB has just one member on the board at present that makes it dysfunctional, leading to delays in decision-making, especially with regard to awarding licenses. Read More…