IOC, Adani, HPCL big­gest bidders for city gas li­cences

Hindustan Times (Jalandhar) - - HTBUSINESS -

NEWDELHI: State-owned In­dian Oil Corp. (IOC) has emerged as the big­gest bid­der for city gas li­cences in the tenth 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 the Petroleum and Nat­u­ral Gas Reg­u­la­tory Board (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 tenth round and an­other seven in part­ner­ship with Adani Gas.

Adani Gas bid for 19 cities on its own and seven in part­ner­ship with IOC, PNGRB said af­ter open­ing of bids be­tween Fe­bru­ary 7 and 9.

HPCL, a sub­sidiary of sta­te­owned Oil and Nat­u­ral Gas Corp. (ONGC), emerged as the third largest bid­der, putting in bids for 24 towns and cities while Gu­jarat­based 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.

State-owned GAIL In­dia Ltd, 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 five out of the 86 ge­o­graph­i­cal ar­eas (GAs) put on of­fer.

In the pre­vi­ous ninth 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 nine out of the 50 GAs put on of­fer in the tenth round while Gu­jarat Gas bid for seven and Petronet LNG Ltd put in bids for five ar­eas.

At the close of bid­ding on Fe­bru­ary 5, the Petroleum and Nat­u­ral Gas Reg­u­la­tory Board stated that about 225 bids were re­ceived for li­cence to re­tail CNG to au­to­mo­biles and piped nat­u­ral gas to house­holds in 50 GAs of­fered in the tenth city gas dis­tri­bu­tion (CGD) bid­ding round.

It had not re­vealed the names of the bidders then.

Eight out of the 50 GAs re­ceived sin­gle bids, with IOC be­ing the only ap­pli­cant for six ar­eas in Bi­har and Jhark­hand while other two sin­gle bidders were Bharat Gas Re­sources Ltd and GAIL Gas Ltd for one area each.

To­gether with past rounds, city gas dis­tri­bu­tion net­work would now ex­tend to 400 dis­tricts, cov­er­ing 70% of the pop­u­la­tion.

BLOOMBERG

IOC bid for li­cences to re­tail CNG to au­to­mo­biles and piped nat­u­ral gas to house­holds in 35 out of the 50 cities put on of­fer.

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