Indian Oil Corporation’s (IOC) board has accorded investment approval of Rs 7282 crore for development of City Gas Distribution (CGD) network in 9 Geographical areas (GAs) awarded to the Company by Petroleum and Natural Gas Regulatory Board (PNGRB) in the 11th Round of CGD bidding.
With these 9 Geographical Areas under IndianOil’s fold, the company will now have its presence in 26 number of Geographical Areas on its own and 23 number of Geographical Areas through its Joint Venture companies. After 11th Round of CGD Bidding, IndianOil along with its 2 Joint Venture companies is now present in 49 GAs and 105 Districts spread across 21 States and UTs, making it one of the major CGD players in the country.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
