Big guns bid for rights to retail CNG

Written by Press Trust of India | New Delhi | Updated: Jun 28 2009, 03:46am hrs
Eight companies including Reliance Gas Ltd, GAIL Gas and the joint venture of Indian Oil and Adani Energy have bid for the rights to retail CNG in seven cities.

Reliance Gas, a unit of Reliance Industries, bid for three cities of Rajahmundry, Shahdol and Yanam, officials in the Petroleum and Natural Gas Regulatory Board said.

GAIL Gas Ltd, a subsidy of state-run GAIL India Ltd, did not bid in the cities Reliance had opted for, but did so very aggressively in Allahabad, Chandigarh, Ghaziabad and Jhansi. While GAIL avoided being pitted against Reliance, it had no such hesitation in putting a bid against Indraprastha Gas Ltd in Ghaziabad.