IOC, Adani, HPCL among big­gest bidders for city gas li­cences

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE - —PTI

New Delhi: State-owned In­dian Oil Corp (IOC) has emerged as the big­gest bid­der for city gas li­cences in the 10th bid round that also saw Adani Group, Hin­dus­tan Petroleum Corp Ltd (HPCL) and In­draprastha Gas Ltd as the other prom­i­nent bidders, ac­cord­ing to oil reg­u­la­tor PNGRB.

IOC, the coun­try’s top oil re­finer and fuel mar­ket­ing com­pany that is look­ing to di­ver­sify into nat­u­ral gas dis­tri­bu­tion busi­ness big time, bid for li­cences to re­tail CNG to au­to­mo­biles and piped nat­u­ral gas to house­holds in 35 out of the 50 cities put on of­fer for the 10th round and an­other seven in part­ner­ship with Adani Gas.

Adani Gas bid for 19 cities on its own and seven in part­ner­ship with IOC, the Petroleum and Nat­u­ral Gas Reg­u­la­tory Board (PNGRB) said af­ter open­ing of bids be­tween Fe­bru­ary 7 and 9. HPCL, a sub­sidiary of state-owned Oil and Nat­u­ral Gas Corp (ONGC), emerged as the third largest bid­der, putting in bids for 24 towns and cities while Gu­jarat-based

PIP­ING GAINS Tor­rent Gas ap­plied for 20 ar­eas. In­draprastha Gas Ltd, which re­tails CNG and piped cook­ing gas in the na­tional cap­i­tal, put in bids for 15 ar­eas while Bharat Gas Re­sources Ltd, a sub­sidiary of state-owned Bharat Petroleum Corp Ltd (BPCL), bid for 14 cities. GAIL In­dia, which is coun­try’s big­gest gas mar­keter and trans­port­ing com­pany, put in bids for just 10 ar­eas through its sub­sidiary GAIL Gas Ltd.

In the last bid round, it had man­aged to bag just 5 out of the 86 Ge­o­graph­i­cal Ar­eas (GAS) put on of­fer. In the pre­vi­ous 9th round which was awarded just a few months back, Adani Gas had won city gas li­cences for 13 cities on its own and nine in a joint ven­ture with IOC.

IOC had won li­cences for seven cities on its own. Bharat Gas Re­sources Ltd had walked away with 11 cities while Tor­rent Gas had made 10 win­ning bids. Sho­la­gasco Pvt Ltd bid for 9 out of the 50 GAS put on of­fer in the 10th round while Gu­jarat Gas bid for seven and Petronet LNG Ltd put in bids for five ar­eas. The bid rounds are also aimed at meet­ing the Prime Min­is­ter’s tar­get of giv­ing piped cook­ing gas con­nec­tion to 1 crore house­holds, roughly triple the cur­rent size, by 2020.

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