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IOC-Adani JV win rights to retail gas in Chandigarh, Allahabad |
By e4p Correspondent, Tuesday, August 11, 2009, 17:19 Hrs [IST] |  |
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Category: Oil & Gas | Tags: ioc Adani Energy, zero pipeline tariff | Share:  |
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Indian Oil Corporation (IOC)-Adani Energy JV have secured the rights to retail CNG to automobiles and piped gas to industrial units in Chandigarh and Allahabad after quoting zero pipeline tariff.
The Petroleum and Natural Gas Regulatory Board had invited bids for city gas projects in seven cities and had asked companies to quote only the tariffs they will charge for transporting gas within the boundaries of cities and left the issue of settling the final selling price of the fuel to the firms.
IOC-Adani combine had quoted zero tariffs for 25 years in Chandigarh and seven years in Allahabad.
Source : ProjectsToday
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