Cash-short oil marketing companies (OMCs) of the government are now looking at newer ways of revenue generation, with Indian Oil Corporation deciding to join the race for the trunk gas pipeline business. This segment of business has so far been dominated by a purely gas marketing and transportation company, GAIL India, and Reliance Industries Ltd, now the biggest producer of natural gas in the country.
The Petroleum and Natural Gas Regulatory Board (PNGRB) opened the technical bids today for the Mallavaram (near
IOC, biggest of the OMCs, put in a bid with Gujarat State Petronet Ltd (GSPC) for this project, the bidding for which closed today. The only other bid was from GAIL India. The winner will be declared after three weeks. Companies such as GAIL, Gujarat State Petronet, L&T, GMR and Engineers India had participated in the pre-bid conference. However, only GAIL and Gujarat State Petronet finally bid for the first of the three trunk pipelines.crackcrack
Company Name | CMP |
---|---|
Reliance Industries | 2869.05 |
Indian Oil Corp. | 164.95 |
BPCL | 628.20 |
HPCL | 504.90 |
MRPL | 213.75 |
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