The Indian Wire » Business » City Gas Distribution results : Adani Gas wins 11 cities

City Gas Distribution results : Adani Gas wins 11 cities

Richest People in Ahmedabad, Gujarat

Petroleum and Natural Gas Regulatory Board (PNGRB) announced results of the 9th City Gas Distribution (CGD) that included 86 geographical areas (GA) for retailing of CNG to automobiles and piped cooking gas to the household. Adani Gas won bids for 11 cities- 6 on its own and 5 in partnership with Indian Oil Corporation (IOC).

According to PNGRB, Adani Gas won Surendranagar, Barwala, Navsari, Kheda and Porbandar districts in Gujarat and Balasore in Odisha on its own. In 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 4 bids on its own. IOC won Aurangabad in Bihar, Rewa in Madhya Pradesh and Jagtial in Telangana. Bharat Gas Resources Ltd, a Union Government company, won bids for 6 cities. Gail Limited won 3 cities. Gail Limited is the largest state-owned natural gas processing and distribution company in India.

PNGRB announced the results for 48 cities out of 86 for the 9th City Gas Distribution. 18 successful bidders have received Letter of Intent (LoI) for their bids. While the rest is yet to be disclosed.

Other bidders

Other bidders for the CGD included Gujarat Gas Limited, Torrent Gas Private Limited, Petronet LNG Limited, Indraprastha Gas Limited. PNGRB received approximately 400 bids for 86 cities.

The CGD licenses on offer were for Bhopal in Madhya Pradesh, Ahmednagar in Maharashtra, Ludhiana and Jalandhar in Punjab, Barmer, Alwar and Kota in Rajasthan, Coimbatore and Salem in Tamil Nadu, Allahabad, Faizabad, Amethi and Rai Bareli in Uttar Pradesh, Dehradun in Uttarakhand and Burdwan in Bengal.

PM’s 2020 target

The bidding was intended to boost PM Narendra Modi’s target of giving piped cooking gas connection for 1 cr households by 2020.  According to the PNGRB, this is likely to attract 70,000 cr investments. And the government plans to raise the share of natural gas in the primary energy basket from 6.5% to 15% in the upcoming years.

About the author

Varsha Santosh

I like to learn more about the little complexities of life, money

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