More than 70 per cent of India’s population will have access to natural gas services after the completion of projects awarded under the 10th round of city gas distribution bids.
Speaking at an event to distribute Letter of Intents to 12 successful entities for the 50 Geographical Areas (GAs) under the 10th CGD Bidding Round, Minister for Petroleum and Natural Gas, Dharmendra Pradhan said, “When we came to power only 20 per cent of the people has access to CGD, with the success of 10th CGD Bid Round, CGD network will expand to nearly 70 per cent of our population.”
“Increasing domestic production is our top most priority alongside expanding gas infrastructure in the country to move to a gas based economy. This will greatly help India become self-sufficient for its energy needs, lower our import dependence and help save foreign exchequer,” Pradhan added.
Over 2 crore PNG connections are likely to be provided by these entities, and 3,578 CNG stations will be put up in the area, an official statement said.
During the current bid round, Indian Oil Corporation Ltd (IOCL) has won licences to retail gas in 10 cities while Hindustan Petroleum Corp Ltd (HPCL) won rights for nine geographical areas.
IOC won city gas distribution licences for nine cities, most of them in Bihar and Jharkhand, on its own and one in a joint venture with Adani Gas.
A consortium of LNG Marketing Pte Ltd and Atlantic Gulf & Pacific Company of Manila Inc has bagged rights for setting up gas infrastructure and retailing nine cities in Andhra Pradesh, Karnataka, and Kerala.
Thank you for being a loyal user of Portfolio.
Portfolio will be a paid section hereon.
Please Subscribe to get access to one of our early bird packs.
Or click on Free Trial to get 14 days free trial.
What You'll Get
-
Web + Mobile
Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.
-
Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials
Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.
-
Ad free experience
Experience cleaner site with zero ads and faster load times.
-
Personalised dashboard
Customize your preference and get a personalized recommendation of stories based on your interest.
Published on
March 01, 2019
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Sincerely,
Support Quality Journalism
Please Email the Editor