Reliance Industries wins city-gas rights for 3 cities

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 (PNGRB) said.

The company also got the rights to retail city gas in Yanan in AP and Shahdol in Madhya Pradesh where it was the sole bidder.

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.