In a move that would give 46 new districts in the country gas distribution networks in 2015-16, downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has started the fifth round of bidding for city gas distribution in 20 districts across Andhra Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Karnataka and Uttarakhand. Bidding will conclude by July-August and the sixth round would be rolled out immediately.
This expansion offers opportunities to new players like Indian Oil and Mahesh Resources, as the area is currently dominated by a few like GSPC Gas, GAIL, Indraprastha Gas and Adani, among others.
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