Mumbai: State-run Indian Oil Corporation (IOC) is in negotiation with Oil and Natural Gas Corporation (ONGC), Reliance Industries (RIL) and GAIL (India) to form an alliance for city gas distribution. Via its first joint venture, Green Gas (GGL), the company along with GAIL is operating in Lucknow and Agra. IOC are in talks with these companies to form a alliance for city gas distribution. But they will be able to finalise it only after the Petroleum and Natural Gas Regulatory Board (PNGRB) comes out with its norms.
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