IOCL to invest Rs 7282 cr for development of CGD network in 9 Geographical areas
With these 9 Geographical Areas under IndianOil’s fold, the Company will now have its presence in 26 number of Geographical Areas.
IOCL to invest Rs 7282 cr for development of CGD network in 9 Geographical areas
New Delhi: Indian Oil Board on Wednesday March 16, 2022 accorded the investment approval of Rs. 7282 crore for development of City Gas Distribution (CGD) network in 9 Geographical areas (GAs) awarded to the Company by PNGRB in the 11" 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 11" 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.
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