City gas distribution bidding: Adani Gas gets 29% of allotted areas

The current round of bidding covered 174 districts, spread over 22 states and union territories

After the government came out with the list of successful bidders for 78 geographical areas (GA) in the ninth round of city gas distribution (CGD) bidding, Gautam Adani-led Adani Gas managed to win about 22 areas, or 29 per cent, of the allotted one so far.  

Out of the total 86 areas on offer, the Petroleum and Natural Gas Regulatory Board (PNGRB) has so far issued letters of intent (LOI) for only 90 per cent of the areas on offer. On Friday, the regulator gave its nod for issuing LOIs to ten successful bidders for 30 GAs. 

Friday’s development comes after the