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Nw: Adani Total Gas wins 14 metropolis gas licenses, IOC 8

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A joint carrying out of billionaire Gautam Adani-high-tail neighborhood’s gas arm and Total of France on Friday walked away with the most 14 licenses to retail CNG to vehicles and piped cooking gas to households in the latest metropolis gas bidding round, basically basically basically based on oil regulator PNGRB. Adani Total Gas Ltd won metropolis gas rights in 14 out of the 52 geographical areas (GAs) for which Petroleum and Natural Gas Regulatory Board (PNGRB) declared outcomes on Friday.

Hyderabad-basically basically basically based Megha Engineering and Infrastructure Ltd (MEIL) won 13 GAs, while articulate-owned Indian Oil Corporation (IOC) became once adjudged winner in 8 GAs.

As many as 65 GAs had been supplied for bidding in the 11th metropolis gas distribution (CGD) licensing round. Of this, bids had been got for 61 GAs nonetheless outcomes for handiest 52 GAs had been presented on Friday.

The consequences of the closing 9 GAs were withheld due to the the mannequin code of conduct being in self-discipline in Uttar Pradesh and Uttrakhand for assembly elections.

PNGRB has written to the Election Price and outcomes of the 9 GAs which fall in the 2 states will be presented once its approval is got, officers acknowledged.

IOC cornered excessive attainable GAs corresponding to Jammu and Madurai.

The hotly contested GA of Nagpur went to a consortium that included HCG (KCE) Pvt Ltd and Haryana Metropolis Gas.

Adani Total won three GAs each and every in Assam and Chhattisgarh, four in Maharashtra along side Amravati, one each and every in Jharkhand and Odisha and two in Madhya Pradesh.

IOC won metropolis gas license for Kurnool/Guntur in Andhra Pradesh, Jammu, Beed/Jalgaon in Maharashtra, Kikar and Dharmapuri in Rajasthan, Madurai and Kanyakumari in Tamil Nadu and Mednipore in West Bengal.

Privatisation-shuffle Bharat Petroleum Corporation Ltd (BPCL) won license for 4 GAs.

“Letter of Intent to successful bidders above 52 GAs has been issued on January 28, 2022,” PNGRB acknowledged in an announcement.

At the closing date of bidding on December 15, 2021, 439 bids had been got from 26 bidders for 61 GAs.

IOC had present for 51 out of 61 GAs while Adani Total Gas Ltd had present for 50 GAs. A consortium led by Mediate Gas and BPCL had build in bids for 44 GAs each and every and Megha submitted bids for 43.

GAIL Gas Ltd, the metropolis gas arm of articulate gas utility GAIL India Ltd, build in bids for 30 nonetheless won loyal 1 GA.

Torrent Gas Ltd build in 28 bids nonetheless did no longer place any.

PNGRB acknowledged the four GAs that did no longer salvage any bids had been in Chhattisgarh.

“438 bids out of 439 bids got had been technically authorized and the financial present of 438 bids became once opened on January 14,” it acknowledged, along side per bids critiques, LoIs were accredited for 13 successful entities for 52 GAs.

Whereas Assam Gas Firm won three licences, Dinesh Engineers Ltd bagged licences for 2 GAs.

Hindustan Petroleum Corporation Ltd (HPCL) and Mediate Gas Distribution Pvt Ltd won one licence each and every.

PNGRB had present out 65 GAs, along side Jammu, Nagpur, Pathankot and Madurai, in the latest licensing round. Four GAs in Chhattisgarh did no longer salvage a single present.

HPCL had present for 37 GAs while Indraprastha Gas Ltd – the firm that retails CNG in the nationwide capital and adjoining areas — present for 15 GAs, Gujarat Gas for 15 and Assam Gas for six GAs.

The bids had been determined on the premise of these offering to give most metropolis gas connections and these surroundings the finest number of CNG stores.

PNGRB had closing month said that as grand as Rs 80,000 crore investment is envisaged in constructing metropolis gas infrastructure in the 61 GAs.

The 65 GAs supplied in the 11th present round are unfold over 215 districts in 19 states and one Union Territory, conserving 26 per cent of India’s inhabitants and 33 per cent of its location.

In the intervening time, there are 228 geographical areas celebrated by PNGRB in 27 states and Americacovering about 53 per cent of the country’s geographical location and 70 per cent of its inhabitants.

In the closing metropolis gas distribution bidding round (the 10th CGD bidding round), 50 GAs had been celebrated for the vogue of the CGD community.

In the present round, 215 districts clubbed into 65 GAs are being supplied. Bids had been got for 61 GAs, basically basically basically based on PNGRB.

Throughout 2018 and 2019, PNGRB gave out licences to retail CNG to vehicles and piped cooking gas to household kitchens in 136 GAs. This extended coverage of the metropolis gas community to 406 districts and round 70 per cent of the country’s inhabitants.

The high-tail for metropolis gas enlargement is section of the authorities’s thought for elevating the fragment of pure gas in the country’s vitality basket to 15 per cent by 2030 from the present 6.3 per cent.

Whereas 86 GAs, made up of 174 districts, had been supplied for bidding in the ninth round that concluded in August 2018, 50 GAs, comprising 124 districts, had been supplied in the 10th round in 2019.
Source

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