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What is ONGC E-Auction for Padra Gas Sale about?

Oil and Natural Gas Corporation Limited (ONGC) is conducting an e-auction for the sale of gas from the Padra Field in Gujarat, offering a total of 30,000 SCMD from three wells. Interested bidders must meet specific techno-commercial eligibility criteria and submit a Techno-Commercial Bid to participate in the auction process. The auction will be managed by Yes Bank Ltd. in collaboration with C1 India Pvt. Ltd., and the successful bidders will enter into a Gas Sales Agreement for a term of five years.

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20kc90

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EN