+
 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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code