Home » Industry

Adani bags maximum number of city gas licences, wins 11 bids

Adani won rights to retail CNG to automobiles and piped cooking gas to households in six
cities on its own and another ve in joint venture with state-owned Indian Oil Corp
Last Published: Fri, Aug 03 2018. 09 27 PM IST

PTI

Enter email for newsletter Sign Up

A le photo of a CNG station. Hindustan Times

New Delhi: Billionaire Gautam Adani’s group on Friday emerged as the biggest
winner of gas retailing licences, winning rights to sell CNG in 11 cities, including
Allahabad.

Adani won rights to retail CNG to automobiles and piped cooking gas to
households in six cities on its own and another five in joint venture with state-
owned Indian Oil Corp (IOC), according to results of 48 out of the 86 cities that
were bid out in the country’s biggest city gas distribution (CGD) bid round.

According to the Petroleum and Natural Gas Regulatory Board, IOC on its own won
rights to four cities. Bharat Gas Resources Ltd, a unit of state-owned Bharat
Petroleum Corp. Ltd (BPCL), won a licence for six cities, the same number for
which Torrent Gas Pvt Ltd too made winning bids. State gas utility GAIL’s retailing
arm, GAIL Gas managed rights for three cities. When the bid round closed last
month, IOC, BPCL and Adani Gas Ltd were the top bidders.

Of the 86 cities offered for retailing of CNG to automobiles and piped cooking gas
to households in the 9th CGD bid round, IOC bid for 34 cities on its own and
another 20 in partnership with Adani Gas Ltd. Adani Gas on its own bid for 32
cities. Bharat Gas Resources Ltd bid for as many as 53 cities while GAIL Gas Ltd
put in offers for 34 cities. Gujarat-based Torrent Gas Pvt Ltd bid for 31 cities while
Gujarat Gas Ltd put in offers for 21 areas. Petronet LNG Ltd, India’s largest
liquefied natural gas (LNG) importer, sought to foray into CGD business by bidding
for the licence in seven cities. Indraprastha Gas Ltd, which retails CNG in the
national capital region, put in bids for 11 cities.

According to PNGRB, Adani Gas won rights to Surendranagar, Barwala, Navsari,

Kheda and Porbandar districts in Gujarat as well as Balasore in Odisha. Its joint
venture with IOC, Indian Oil-Adani Gas Pvt Ltd won Kannur in Kerala, Gaya in
Bihar, Bulandshahr, and Allahabad in Uttar Pradesh.

IOC won Aurangabad in Bihar, Rewa in Madhya Pradesh and Jagtial in Telangana.
In a statement, PNGRB said the 9th CGD Bidding Round was launched on 12 April
for development of city gas networks for the 86 Geographical Areas (GAs) which
includes 174 districts (156 complete and 18 part), spread over 22 states and Union
territories (UTs) in India.

Tap on video to unmute

“Based upon the bids evaluations PNGRB in its 79th Board meeting held on
3August, approved issue of Letters of Intent (LoI) to the 18 successful bidders for
48 GAs,” it said. The regulator said bids for remaining GAs are being evaluated and
outcome of the same will be announced shortly.

First Published: Fri, Aug 03 2018. 06 40 PM IST

TOPICS: ADANI GAS CNG PIPED COOKING GAS INDIAN OIL CORP

PETROLEUM AND NATURAL GAS REGULATORY BOARD

EDITOR'S PICKS »
 Nothing neutral about August policy of Reserve
Bank of India

RBI frontloads rate hike, more on the cards

RBI hikes key lending rate: Here are 5 key

takeaways

Home Lounge Specials

Companies Multimedia Technology

Opinion Money Contact Us

Industry Science About Us

Politics Education Advertising

Consumer Sports Mint Apps

Sitemap Brand Stories

DesiMartini Livehindustan

Shine Subscribe

Hindustantimes Board Results

Syndication

HT Punjabi
 Subscribe to our Newsletter

Enter your email Subscribe

Privacy Policy Terms of Use Mint Code RSS

Copyright © 2018 HT Media Ltd. All Rights Reserved