IOC, Adani Total Gas Top Bidders for City Gas Licenses

State-owned Indian Oil Corporation (IOC) and an endeavor of very rich person Gautam Adani's working together's gas arm and Total of France Adani Total Gas Ltd. have offered for the most extreme number of licenses to retail CNG to cars and channeled cooking gas to families in the most recent city gas offering round.

Adani Total Gas Price

IOC bid for 53 out of 61 topographical regions or Gas that saw offers in the eleventh city gas authorizing round that shut on December 15, as per bid subtleties disclosed by the area controller Petroleum and Natural Gas Regulatory Board (PNGRB). Adani Total Gas Ltd. bid for 52 Gas.

Adani bunch had initially wandered into city gas business in a joint endeavor with IOC however it later restricted itself with France's Total.

Adani Total Gas Ltd and IOC put in no joint bid in the most recent offering round.

The PNGRB had last week expressed that however much as 80,000 crore venture seems to be visualized in setting up city gas foundations in the 61 Gas. The 65 Gas are spread north of 215 areas in 19 States and one Union region.

PNGRB had offered out 65 Gas including Jammu, Nagpur, Pathankot and Madurai in the most recent authorizing round. Four Gas in Chhattisgarh didn't get a solitary offer.

Squared Capital-upheld Think Gas Distribution Pvt Ltd was the third biggest bidder as it put in offers for 44 Gas. Oil & Gas industry News