ADANI BAGS 13 OF 84 CITY GAS LICENCES; IOC, BPCL, TORRENT OTHER BIG WINNERS SEPTEMBER 17 2018
Oil regulator PNGRB Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani's group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winner. Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in a joint venture with IOC, according to results of 84 cities that were bid out in the country's biggest city gas distribution (CGD) bid round. According to the list of winners put out by Petroleum and Natural Gas Regulatory Board (PNGRB), IOC on its own won rights to seven cities, including Coimbatore and Salem in Tamil Nadu and Guna in Madhya Pradesh.
ARTICLE SOURCE: BS