This report represents my analysis of bidders on 10th bidding of CGD business held by PNGRB to increase the gas cover in India to protect environment from global warming and also to increase gas consumption from 6.5% to 15%.

1. SAURABHKUMAR AGARWAL
SPM PDPU ‘16
CGD 10th
BIDDING
To increase the gas cover, PNGRB listed 50 Geographical Areas (GA’s) under 10th
Bidding. It had received quite well
response from the bidders to supply PNG & CNG in the requisite GA’s to expand their business. Out of 50 GA’s offered
there were several GA where the bidder have to expand business in remaining areas than earlier provided were 8 which
means 16% of total GA’s offered which covers 3 states namely: Madhya Pradesh (MP), Uttar Pradesh (UP) and West Bengal
(WB).
Sr.
No.
Geographical Area State GA Code No. of Biddings
1 Gwalior (Except already authorized)
District and Sheopur District
MP 10.23 3
2 Ujjain (Except area already authorized)
District, Dewas (Except area already
authorized) District and Indore (Except
area already authorized) District
MP 10.28 5
3 Jhansi (Except area already authorized)
District, Bhind, Jalaun, Lalitpur and Datia
Districts
MP & UP 10.31 2
4 Bareilly (Except area already authorized)
District, Pilibhit and Rampur Districts
UP 10.37 4
5 Kanpur (Except area already authorized)
District, Fatehpur and Hamirpur Districts
UP 10.42 5
6 Howrah (Except Area already authorized)
District and Hoogly (Except Area already
authorized) District
WB 10.48 5
7 Nadia (Except Area already authorized)
District and North 24 Parganas (Except
Area already authorized) District
WB 10.49 2
8 South 24 Parganas (Except Area already
authorized) District
WB 10.50 3
Table 1: Areas which were authorized earlier & bidder have to expand
From Table 1, it can be seen that out of 8 GA’s, bidders have shown well interest in 4 GA’s i.e. 10.28 (MP), 10.37 (UP),
10.42 (UP) and 10.48 (WB). And 29 biddings are carried out by 14 companies to expand in this areas with high intention
to expand came from HPCL who had bid for this 5 out of 8 GA’s which is focused greatly in UP & WB but not MP.
Now moving ahead in 10th
Bidding, 25 companies have actively participated for 50 GA’s with majority of interest to
expand business came from only 9 company’s means one-fourth of total companies have shown an aggressive interest
in bidding which consists of 165 biddings of total 225 biddings (73% of total bids). Thus the average bidding from this
9 companies comes to around 18 bids/company compared with remaining 16 companies cumulatively comes to around
~4 bids/company.

2. SAURABHKUMAR AGARWAL
SPM PDPU ‘16
BIDDING ENTITIES
No. of
Biddings
Adani Gas Ltd. 19
Bharat Gas Resources Ltd. 14
Consortium of AG&P LNG Marketing Pte. Ltd. & Atlantic, Gulf & Pacific Company of Manila Inc. 13
Consortium of Think Gas Investments Pte. Ltd. and Think Gas Distribution Pvt. Ltd. 15
Hindustan Petroleum Corporation Ltd. 24
Indian Oil Corporation Limited 35
Indraprastha Gas Ltd. 15
Torrent Gas Pvt. Ltd. 20
GAIL Gas Ltd. 10
TOTAL BIDDINGS 165
Table 2: Highest bidding by companies
Based on Table 2, there are 4 companies who have bid for more than average bid i.e. 18 bids/company namely:
 Indian Oil Corporation Limited (70%)
 Hindustan Petroleum Corporation Ltd. (48%)
 Torrent Gas Pvt. Ltd. (40%)
 Adani Gas Ltd. (38%)
*% indicates no. of biddings by company to total no. of GA’s offered by PNGRB
BIDDING ENTITIES
No. of
Biddings
Except
areas
% of Except
Areas
Adani Gas Ltd. 19 3 16%
Bharat Gas Resources Ltd. 14 0 0%
Consortium of AG&P LNG Marketing Pte. Ltd. & Atlantic, Gulf
& Pacific Company of Manila Inc. 13 0 0%
Consortium of Think Gas Investments Pte. Ltd. and Think Gas
Distribution Pvt. Ltd. 15 2 13%
Hindustan Petroleum Corporation Ltd. 24 5 21%
Indian Oil Corporation Limited 35 3 9%
Indraprastha Gas Ltd. 15 3 20%
Torrent Gas Pvt. Ltd. 20 2 10%
GAIL Gas Ltd. 10 1 10%
TOTAL BIDDINGS 165 19
Table 3: Biggest player who have bid for Exceptional areas
Based on Table 3, it can be seen clearly that 3 players have shown more than 15% of interest in Exceptional GA’s which
are:
 Hindustan Petroleum Corporation Ltd. (21%)
 Indraprastha Gas Ltd. (20%)
 Adani Gas Ltd. (16%)
Taking into consideration remaining 16 companies (Average ~4 bids) have not shown much interest to expand their
portfolio in the gas market though they plays a significant role in this business.

3. SAURABHKUMAR AGARWAL
SPM PDPU ‘16
BIDDING ENTITIES
No. of
Biddings
Except
areas
Aavantika Gas Limited 1 1
Bhagyanagar Gas Ltd. 2 0
Central U.P. Gas Ltd. 2 2
Consortium of H-Energy East Coast Private Limited & Shri Niranjan
Hiranandani 5 3
Consortium of Keerthi Industries Ltd. & Greenesol Power Systems Pvt.
Ltd. 1 0
Green Gas limited 1 0
Gujarat Gas Ltd. 7 1
Indian Oil Adani Gas Private Limited 7 1
IRM Energy Private Ltd. 3 0
Mahanagar Gas Limited 2 0
Megha Engineering & Infrastructure Limited 2 0
Petronet LNG Ltd. 5 0
Rajasthan State Gas Limited 2 1
Sabarmati Gas Ltd. 2 0
Sholagasco Pvt. Ltd. 9 1
Unison Enviro Pvt. Ltd. 9 0
TOTAL 60 10
Table 4: Remaining 16 bidders
Based on table 4, it can be seen that only 6 out of 16 bidders remaining are above the average bidding i.e. 4 bids namely:
 Consortium of H-Energy East Coast Private Limited & Shri Niranjan Hiranandani
 Gujarat Gas Ltd.
 Indian Oil Adani Gas Private Limited
 Petronet LNG Ltd.
 Sholagasco Pvt. Ltd.
 Unison Enviro Pvt. Ltd.
Here it is cool to see that new players such as H-energy, PLL & Sholagasco have shown an ultimatum to grow in the
market compared to existing players who have shown very low interest in bids are Avantika, Bhagyanagar, Central UP,
Green gas, IRM, MGL & SGL.
Let’s see how well GAIL is involved in business by direct or shareholding participation in companies. Out of 25 companies,
GAIL incorporates holdings in 8 companies (33%) who have carried out only 35 bids of total 225 (15%). Of this
majority of bidding being carried out by 2 companies namely GAIL (10 Bids) and IGL (15 Bids), which means remaining
6 companies had bid only 10 (< 2 bids/company) which has holding of GAIL.

4. SAURABHKUMAR AGARWAL
SPM PDPU ‘16
Geographical Area No. of Bids Bidders
Anuppur, Bilaspur and Korba Districts 2 AGL, HPCL
Araria, Purnia, Katihar and Kishanganj Districts 1 IOCL
Arwal, Jehanabad, Bhojpur and Buxar Districts 1 IOCL
Ashoknagar District 1 IOCL
Azamgarh, Mau and Ballia Districts 2 IOCL, Torrent
Basti and Ambedkarnagar Districts 2 IOCL, Torrent
Chatra and Palamu Districts 1 BGRL
Farrukhabad, Etah and Hardoi Districts 3 Torrent, HPCL, IOAGPL
Gonda and Barabanki Districts 2 Torrent, Green
Gwalior (Except already authorized) District and Sheopur District 3 IOCL, RSGL, Think
Jaunpur and Ghazipur Districts 2 Torrent, IOAGPL
Jhansi (Except area already authorized)
District, Bhind, Jalaun, Lalitpur and Datia Districts 2
Central UP, AGL
Khagaria, Saharsa and Madhepura Districts 2 IOCL, Think
Lakhisarai, Munger and Bhagalpur Districts 1 IOCL
Mainpuri and Kannauj Districts 3 Torrent, IOCL, HPCL
Mirzapur, Chandauli and Sonbhadra Districts 3 Torrent, IOAGPL, GAIL
Morena District 2 IOCL, BGRL
Muzaffarpur, Vaishali, Saran and Samastipur Districts 1 IOCL
Nadia (Except Area already authorized)
District and North 24 Parganas (Except Area already authorized) District 2
HPCL, H-energy
Nawada and Koderma Districts 1 IOCL
Sheikhpura, Jamui and Deoghar Districts 2 IOCL, GAIL
Shivpuri District 3 IOCL, HPCL, Think
Sidhi and Singrauli Districts 2 IOCL, BGRL
South 24 Parganas (Except Area already authorized) District 3 HPCL, AGL, H-energy
West Singhbhum District 1 GAIL
TOTAL BIDS 48
Table 5: Less Bidding for GA’s
Based on table 5, it showcase several aspects:
 Out of 50 GA’s, 25 GA’s have received too low bidding means 50% of allocated GA.
 Of this it consist of 4 Exceptional areas of total 8 GA’s means 50% of total exceptional areas.
 So there is opportunity for this players who have bid for this GA’s to grab the opportunity the explore market.
 IOCL is showing more interest to expand in 16 of 25 GA’s, who had bid for 35 GA’s in total.
 HPCL had shown interest to expand in 6 of 25 GA’s, who had bid for 24 GA’s in total.
 TORRENT have shown interest for 7 of 25 GA’s, who had bid for 20 GA’s in total.
 At the end it concludes that IOCL, HPCL and TORRENT flourishes in 10th
bidding of CGD.