New Delhi: Atlantic Gulf & Pacific Co of Manila Inc (AG&P) plans to invest Rs 10,000 crore in its city gas business in India over eight years. The company is confident of meeting the steep targets it had promised: to win 12 city gas distribution licences, the highest by a foreign bidder.
In the recent tenth round that offered 50 licences, AG&P shared the top slot with Indian OilNSE 2.57 % and Hindustan PetroleumNSE 4.49 % Corp, each winning nine geographical areas. Other winners included Gujarat Gas (six), Gail Gas (four), Indraprastha GasNSE 1.47 % (three), Torrent Gas (three), Adani (two) and Bharat PetroleumNSE 3.16 % Corp (two).
