IndiaCatalog.com
India News
Search Web Directory
News Home
IOC-Adani duo win bid for Burdwan piped gas
Posted on 11th August 2018
New Delhi: A consortium of Indian Oil-Adani Gas on Friday won the bid to supply piped gas in Burdwan, the only city in Bengal in the latest round of bidding for this service to 78 cities.

The consortium outbid others such as GAIL Gas, Hindustan Petroleum Corporation, H-Energy East Coast and Bharat Gas Resources to win the rights to offer piped natural gas to the residents as well as CNG to autos and other vehicles in Burdwan.

Gautam Adani's group emerged as the biggest winner by bagging the rights to seven cities, on its own. The Petroleum and Natural Gas Regulatory Board on Friday released the list of winners for 30 cities. Last week, it had released the names for 48 cities.

Apart from winning the bids on its own, Adani Gas in consortium with Indian Oil won four cities, including Burdwan, in the latest list of 30. Indian Oil on its own won three cities.

The regulator said 406 bids from 38 entities were received and 37 bids were not considered on various grounds, including being unreasonably low or high.

Overall Adani Gas won the licence for 13 cities, followed by Bharat Gas for 11 cities, and Indian Oil-Adani Gas for nine cities.

The regulator said the winning bidders for the 78 cities would provide gas to about 15 crore households and 3,627 CNG stations. The facilities must be provided within eight years. They would also supply gas to industrial and commercial establishments.

The PNGRB said any entity securing a piped gas licence would have to enter into a supply agreement with a natural gas producer or a marketer on the principle of "at an arm's length" within 180 days of winning the licence. The entity has to achieve financial closure within 270 days from the date of grant of the licence.

Related Companies: Indian Oil Corporation   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for IOC-Adani duo win bid for Burdwan piped gas
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for IOC-Adani duo win bid for Burdwan piped gas

Most Read News

More India News

Photo Gallery

Audi(7 Images)Audi
Yamaha SZ RR(10 Images) Yamaha SZ RR
Katamarayudu(10 Images)Katamarayudu
  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement