GAIL (India) Ltd and Indraprastha Gas Ltd emerge as top bidders in Reliance Industries Ltd's recent e-auction of coal-bed methane gas. The auction, held for 0.90 million standard cubic meters per day, saw GAIL acquiring 0.63 mmscmd and IGL picking up 0.14 mmscmd. Bidders offered premiums of up to USD 11 per million British thermal unit, based on 12.67% of the Brent crude oil price. The gas supply contracts span 1 to 2 years from April 1. Read The Rest at :
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