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The Petroleum and Pure Gasoline Regulatory Board (PNGRB) had sought bids for 65 GAs within the XIth bidding spherical. It obtained greater than 430 bids, together with Indian Oil’s 53 bids, the best by any social gathering.
, Assume Gasoline, and had been different massive bidders. PNGRB hasn’t but put up the names of the winners on its web site.
India Oil mentioned the licenses it has gained comprise 33% of the demand potential of all GAs supplied within the XIth spherical. The demand potential varies from one license space to a different based mostly on the inhabitants and financial profile and firms compete aggressively in areas with extra automobiles and industries.
“With our intelligently aggressive strategy within the newest metropolis fuel distribution (CGD) bidding course of, we now have been capable of safe 9 excessive market potential GAs that cowl 26 districts,” mentioned Indian Oil Chairman Shrikant Madhav Vaidya. “And with this, Indian Oil is poised to emerge as a dominant participant in Indian CGD Market.”
Indian Oil mentioned its nearest competitor gained licenses with lower than 20% demand potential within the newest bidding spherical. It didn’t title the competitor.
Indian Oil has gained licenses for Jammu, Pathankot, Sikar, Jalgaon, Guntur (Amravati), Tuticorin, Tirunelveli, Kanyakumari, Madurai, Dharmapuri and Haldia (East Mednipore).
After the eleventh spherical, Indian Oil together with its 2 three way partnership corporations is now current in 49 GAs, protecting 105 districts. They might service nearly 28% of the mixed metropolis fuel potential within the final three bidding rounds, far forward of the closest competitor, Indian Oil mentioned.
On a standalone foundation, Indian Oil will now have a presence in 26 GAs unfold over 68 districts.
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