Adani Group, Indian Oil win big in bidding for city gas distribution

While Adani Gas got 11 areas through joint ventures and six single bids, IOC was successful in grabbing nine geographical areas

Gautam Adani-led Adani Gas, Indian Oil Corporation, Sudhir Mehta-led Torrent Gas, Bharat Gas Resources and Gail Gas have managed to get the maximum number of geographical areas in the ninth round of city gas distribution (CGD) bidding. 

The Petroleum and Natural Gas Regulatory board has issued letter of intent to 18 successful bidders for 48 Geographical Areas (GAs) on Friday. In the bidding launched on April 12, about 86 Geographical Areas (GAs) covering 174 districts (156 complete and 18 part), spread over 22 States and Union territories (UTs) were up for grabs. Once the tenders were closed, around 406 bids