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Gas retailing bids: Adani goes for 52 cities, GAIL Gas for close to 30; RIL-BP JV skips

Wednesday, July 11, 2018

Adani Group emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities, while Reliance-BP combine took a close look at bidding but dropped out at the last moment, sources said.

GAIL Gas Ltd, the city gas distribution arm of state-owned GAIL India Ltd, put in bids for close to 30 cities, sources privy to the development said.

Adani Gas Ltd bid for 32 cities on its own and another 20 cities in equal joint venture with state-owned Indian Oil Corp (IOC).

Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closed today.

India Gas Solutions Pvt Ltd -- the 50:50 JV of UK's BP plc and Reliance Industries, looked very closely to foray into city gas distribution but dropped out at the last moment, the sources said.

IGSPL, which was formed to retail natural gas in India, looked at licence for 15 cities but did not place any bid, they added.

IGL, which retails CNG in the national capital region, put in bids for 13 cities, they said.

Essel Infraprojects Ltd has put in a total of seven bids.

Other subsidiaries of GAIL, Mahanagar Gas Ltd and Gujarat State Petroleum Corp (GSPC) too made bids for the licence.

As many as 86 geographical areas (GAs), made by clubbing adjacent districts, are on offer in the 9th city gas distribution (CGD) bidding round.

The GAs cover 24 per cent of the country's area and 29 per cent of its population.

The round is likely to attract investments of Rs 70,000 crore, according to the Petroleum and Natural Gas Regulatory Board (PNGRB). The round is likely to attract investments of Rs 70,000 crore, according to the Petroleum and Natural Gas Regulatory Board (PNGRB).

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