Bharat Petroleum Corporation Limited (BPCL) is planning to invest Rs. 10,000 crore for development of 6 new Geographical Areas (GA) recently acquired by the company. 

The company has emerged as the successful bidder in 6 Geographical Areas (GA) in 19 districts for setting up City Gas Distribution (CGD) Networks, post evaluation of technical and financial bids, in the recently concluded IIth bidding round of PNGRB.

The CGD footprints of BPCL, along with its JYs, will now extend to 48 GAs covering 94 districts in 18 states, across India. Currently, with presence in 63 districts, including prominent cities, BPCL along with its JYs together hold 33% market share in the CGD sector in the country.

After announcement of results of bidding, BPCL's committed investment in CGD network, on a standalone basis, would increase to over Rs 22,000 crore for development of 23 GAs, including Rs I0,000 crore for the 6 new GAs.