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IOC, HPCL win maximum areas under tenth round of city gas bidding

Other companies who were successful during the round included Indraprastha Gas (three), Torrent Gas (three), Adani Gas (two) and Bharat Gas (two)

Indian Oil Corp
A logo of Indian Oil is picture outside a fuel station in New Delhi | Photo: Reuters

A total of 12 companies - including Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), Gujarat Gas and Gail Gas -- managed to get 50 Geographical Areas (GAs) that were on offer under the tenth round of city gas distribution (CGD) bidding. The round, launched on November 8, is likely to see investments to the tune of Rs 50,000 crore.   Indian Oil, HPCL and a little known consortium of LNG Marketing Pte, Atlantic Gulf & Pacific Company of Manila Inc won the maximum number of nine areas each during the current round, followed by six by Gujarat Gas and ...