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Indian Oil, Adani Total Gas Top Bidders For City Gas Licenses

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New Delhi: State-owned Indian Oil Company (IOC) and a three way partnership of billionaire Gautam Adani’s fuel arm and Complete of France, Adani Complete Fuel, have bid for optimum variety of licenses to retail CNG to cars and piped cooking fuel to households within the newest metropolis fuel bidding spherical.

IOC bid for 53 out of 61 geographical areas or GAs that obtained bids within the eleventh metropolis fuel licensing spherical that closed on December 15, in keeping with bid particulars made public by the sector regulator — Petroleum and Pure Fuel Regulatory Board (PNGRB).

Adani Complete Fuel bid for 52 GAs. Adani group had initially ventured into metropolis fuel enterprise in a three way partnership with IOC however it later tied up with Complete. Adani and IOC didn’t put any mixed bid within the newest bidding spherical.

PNGRB had bid out 65 GAs together with Jammu, Nagpur, Pathankot and Madurai within the newest licensing spherical. 4 GAs in Chhattisgarh didn’t obtain a single bid.

I Squared Capital-backed Suppose Fuel Distribution Pvt Ltd was the third largest bidder because it put in presents for 44 GAs. Privatisation-bound Bharat Petroleum Company (BPCL) put in bids for 43 GAs whereas GAIL Fuel, town fuel arm of state fuel utility GAIL India, bid for 30 areas.

Hindustan Petroleum Company (HPCL) bid for 37 GAs and Torrent Fuel for 28. Indraprastha Fuel Ltd — the agency that retails CNG within the nationwide capital and adjoining areas, bid for 15 GAs, Gujarat Fuel for 14 and Assam Fuel for 10 GAs.

The GA made up of Baloda Bazar, Gariyaband and Raipur districts in Chhattisgarh had been probably the most wanted license with 16 bidders in fray. Nagpur obtained 15 bids whereas Jammu obtained 13 bids. PNGRB had final week said that as a lot as Rs 80,000 crore funding is envisaged in establishing metropolis fuel infrastructure within the 61 GAs.

The 65 GAs supplied within the eleventh bid spherical are unfold over 215 districts in 19 states and one Union territory masking 26 per cent of India’s inhabitants and 33 per cent of its space.

Presently, there are 228 geographical areas authorised by PNGRB in 27 states and UTs masking roughly 53 per cent of the nation’s geographical space and 70 per cent of its inhabitants.

Within the final metropolis fuel distribution (CGD) bidding spherical — the tenth CGD bidding spherical, 50 GAs had been authorised for the event of CGD community.

Within the current spherical, 215 districts clubbed into 65 GAs are being supplied. Bids had been obtained for 61 GAs, in keeping with PNGRB.

Throughout 2018 and 2019, PNGRB gave out licenses to retail CNG to cars and piped cooking fuel to family kitchens in 136 GAs. This prolonged protection of town fuel community to 406 districts and round 70 per cent of the nation’s inhabitants.

The push for metropolis fuel growth is a part of the federal government’s plan for elevating the share of pure fuel within the nation’s vitality basket to fifteen per cent by 2030 from the present 6.3 per cent.

Whereas 86 GAs, made up of 174 districts, had been supplied for bidding within the ninth spherical that concluded in August 2018, 50 GAs, comprising 124 districts, had been supplied within the tenth spherical in 2019.

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