Tag: CGD projects

Today Express News | Report । Ajay Verma । IndianOil (Indian Oil Corporation Limited), the country's largest downstream energy major, secured nearly 33% of the demand potential in the recently concluded 11th round of CGD bidding by PNGRB (Petroleum & Natural Gas Regulatory Board). The nearest competing bidder was left with less than 20% of the demand potential in the bidding round in which IndianOil bagged 9 out of the 15 high potential GAs (Geographical Areas). With this substantial win in the 11th bidding round, IndianOil and its associates would service almost 28% of the combined CGD potential in the 3 rounds of bidding till now,  which is far ahead of the next major player.