A total of 12 companies – including Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), Gujarat Gas and Gail Gas — managed to get 50 Geographical Areas (GAs) that were on offer under the tenth round of city gas distribution (CGD) bidding. The round, launched on November 8, is likely to see investments to the tune of Rs 50,000 crore.
Indian Oil, HPCL and a little known consortium of LNG Marketing Pte, Atlantic Gulf & Pacific Company of Manila Inc won the maximum number of nine areas each during the current round, followed by six by Gujarat Gas and four by Gail Gas. On the closing bid date of February 5, at least 225 bids were received for the 50 geographical areas that were on offer under the tenth round of city gas distribution bidding. This included 124 districts (112 complete and 12 part) across 14 states.
