Indian Oil Corp bags city gas licenses for nine potential GAs

18 Jan 2022 CW Team

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

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..