Rs 80,000 cr investment as 430 bids pour in for city gas licensing round
As much as Rs 80,000 crore investment is envisaged in setting up city gas infrastructure in 61 geographical areas (GAs), including Jammu, Nagpur, Pathankot and Madurai, that were put on bid in the latest licensing round, oil regulator PNGRB said.
Bids for the 65 GAs offered in the 11th city gas licensing round came in on December 15, Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement.
The 65 GAs spread over 215 districts in 19 states and one Union territory covering 26 per cent of India’s population and 33 per cent of its area.
“This round attracted an overwhelming response from investors with more than 430 bids against 61 GAs with no single bid in these GAs. The technical bids would be opened between December 17 to 22,” PNGRB said.
