Indian Oil Corp bags city gas licenses for nine potential GAs
OIL & GAS

Indian Oil Corp bags city gas licenses for nine potential GAs

Indian Oil Corporation Limited (IOCL) has won city gas licenses for nine out of 15 high-potential geographical areas (GAs) and plans to invest Rs 7,000 crore for infrastructure development in these GAs.

The Petroleum and Natural Gas Regulatory Board (PNGRB) has sought bids for developing 65 GAs in the 11th round of bidding. It had received over 430 bids, including IOCL, the highest bidder with 53 bids. Adani, Think Gas and Hindustan Petroleum Corporation Limited (HPCL) were among other big bidders in the 11th round of bidding.

According to IOCL, the company had won bids, consisting of 33% of the demand potential of all GAs during the 11th round of bidding. The demand potential varies from one license area to another based on population and economic profile, and the companies compete in zones with more industries and vehicles.

Chairman of IOCL, Shrikant Madhav, said that the company had won bids for the latest city gas distribution (CGD) bidding in nine high-potential GAs over 26 districts. After this win, IOCL will emerge as a dominant player in the Indian CGD market.

The GAs for which IOCL won the bidding are Jammu, Pathankot, Sikar, Jalgaon, Guntur, Tuticorin, Tirunelveli, Kanyakumari, Madurai, Dharmapuri and Haldia.

After the 11th round of bidding, IOCL and its joint venture (JV) companies are present in 49 GAs across 105 districts. They would produce 28% of the combined city gas potential in the last three rounds of bidding. IOCL itself will have a presence in 26 GAs across 68 districts.

Image Source

Also read: MEIL acquires 15 city gas distribution projects in 9 states

Also read: IOCL nods Rs 3,861 cr specialty chemicals plant for Panipat refinery

Indian Oil Corporation Limited (IOCL) has won city gas licenses for nine out of 15 high-potential geographical areas (GAs) and plans to invest Rs 7,000 crore for infrastructure development in these GAs. The Petroleum and Natural Gas Regulatory Board (PNGRB) has sought bids for developing 65 GAs in the 11th round of bidding. It had received over 430 bids, including IOCL, the highest bidder with 53 bids. Adani, Think Gas and Hindustan Petroleum Corporation Limited (HPCL) were among other big bidders in the 11th round of bidding. According to IOCL, the company had won bids, consisting of 33% of the demand potential of all GAs during the 11th round of bidding. The demand potential varies from one license area to another based on population and economic profile, and the companies compete in zones with more industries and vehicles. Chairman of IOCL, Shrikant Madhav, said that the company had won bids for the latest city gas distribution (CGD) bidding in nine high-potential GAs over 26 districts. After this win, IOCL will emerge as a dominant player in the Indian CGD market. The GAs for which IOCL won the bidding are Jammu, Pathankot, Sikar, Jalgaon, Guntur, Tuticorin, Tirunelveli, Kanyakumari, Madurai, Dharmapuri and Haldia. After the 11th round of bidding, IOCL and its joint venture (JV) companies are present in 49 GAs across 105 districts. They would produce 28% of the combined city gas potential in the last three rounds of bidding. IOCL itself will have a presence in 26 GAs across 68 districts. Image Source Also read: MEIL acquires 15 city gas distribution projects in 9 states Also read: IOCL nods Rs 3,861 cr specialty chemicals plant for Panipat refinery

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?