Comments
Indian Oil Corporation, Hindustan Petroleum Corporation, and a consortium of LNG Marketing Pte. Ltd and Atlantic Gulf & Pacific Company of Manila Inc have bagged nine regions each in the 10th round of bids for developing City Gas Distribution networks in the country.
A Petroleum & Natural Gas Regulatory Board (PNGRB) statement said 225 bids from 25 entities were received up to February 5. Based on the bids evaluation, the PNGRB, in its 88th Board meeting held on February 26, approved the issuance of Letters of Intent (LoI) to the 12 successful entities for 50 Geographical Areas (GAs).
Gujarat Gas Ltd has won the rights to develop six GAs, Indraprastha Gas and Torrent Gas bagged 3 regions each.
Adani Gas has won the rights to develop only two GAs in this round.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.