Reliance Industries wins city-gas rights for 3 cities
New Delhi: Reliance Industries has bagged rights to retail CNG to automobiles and pipe gas to households in two cities of Andhra Pradesh and one in Madhya Pradesh.
RIL beat the joint venture of Adani Energy and IOC to get
rights for city gas in Rajahmundry in Andhra Pradesh, sources
in oil regulatory Petroleum and Natural Gas Regulatory Board
The company also got the rights to retail city gas in
Yanan in AP and Shahdol in Madhya Pradesh where it was the
Sources said PNGRB opened bids for these three cities
where Reliance emerged as the favoured bidder. The regulator
has, however, not awarded a letter of intent (LOI) to RIL as
the Delhi High Court has restrained it from doing so.
The JV of Adani Energy and IOC had previously emerged
winner for city-gas rights in Allahabad and Chandigarh. PNGRB
is yet to open bids for Ghaziabad and Jhansi.