10th CGD bidding round ends key wins for GAIL, IGL, GUJGA PNGRB recently concluded the 10th round of CGD bidding that offered 50 geographical areas (GA), taking the cumulative count to 130 GAs awarded across India within a year. Given the strategic nature of ~20 GAs won by GAIL Gas, IGL and GUJGA that complement their infrastructure presence, these players could see significant volume ramp-up over 2-3 years. OMCs take the lead: OMCs and their JVs have won 21 of the 50 GAs bid out by PNGRB in the recently concluded 10th CGD round. This isn't surprising as...