Deadline 31st March for Gujarat Gas grid bids

Vol 5, PW 26 (27 Feb 02) News in Brief

Bids have started coming in for the 49% equity on offer in Gujarat State Petronet, a subsidiary of Gujarat State Petroleum, and promoter of a 2,500-km gas grid.

Bidders have until 31st March to submit bids. Among the likely bidders are Shell, GAIL, British Gas, Gujarat Gas, Gaz de France and Niko Resources.

Gujarat State Petronet has reserved 49% equity to foreign and domestic companies but individual companies can buy only a maximum 11% equity. A 45-km section fromAmboli to Dahej was commissioned last November.

A source tells us completion of the Baroda-Ahmedabad and Bharuch-Baroda sections is expected by end 2003.