BPCL to invest Rs 10,000 cr in 6 gas distribution networks

NEW DELHI: State-owned Bharat Petroleum Corporation Limited on Tuesday informed that it will invest `10,000 crores over the next five years for setting up six new city gas distribution (CGD) networks in the different cities. The oil-producing company has emerged as the successful bidder in the recently concluded 11th bidding round of the Petroleum and Natural Gas Regulatory (PNGRB).

“After the announcement of results of bidding, BPCL’s committed investment in city gas distribution (CGD) network, on a standalone basis, would increase to over Rs 22,000 crore for development of 23 geographical areas (GA), including Rs 10,000 crore for the 6 new GAs,” said the company.