Indraprastha Gas Explained

Indraprastha Gas Limited
Type:Public
Traded As:
Location City:New Delhi
Location Country:India
Area Served:Delhi NCR
Key People:Rakesh Kumar Jain (Chairman)
Industry:Natural gas
Products:Piped natural gas
Compressed natural gas
Services:Gas distribution
Revenue: (FY24)
Net Income: (FY24)[1]

Indraprastha Gas Limited (IGL) is an Indian natural gas distribution company that supplies natural gas as cooking and vehicular fuel, primarily in Delhi NCR. Established in 1998, the company is a joint venture between GAIL, Bharat Petroleum, and the Government of Delhi.[2]

History

IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in Delhi. The company started as a joint venture between GAIL, Bharat Petroleum and the Government of Delhi to implement a city gas distribution network.[3]

The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange.[4]

Operations

As of 31 December 2017, IGL supplied piped natural gas to over 9,00,000 homes, over 2,000 commercial and more than 1,150 industrial establishments in the NCR. It also operates 425 CNG filling stations for natural gas vehicles.[5]

IGL sources its gas via the HVJ Gas Pipeline owned by GAIL.[6]

Notes and References

  1. News: Indraprastha Gas reports 8% decline in Q4 net profit at ₹398 crore . 27 June 2023 . The Hindu Businessline . 12 May 2023 . en.
  2. News: Indraprastha Gas looks to expand its physical reach to other cities . 27 June 2023 . Business Standard . 20 March 2020.
  3. News: GAIL to float JV with BPCL, diversify into power, expand capacities . 27 June 2023 . Rediff.
  4. Web site: Indraprastha Gas IPO oversubscribed on first day. The Hindu. 2003-11-29. 2011-08-23.
  5. Web site: 12th AGM Statement. Indraprastha Gas Limited. 2011-08-23.
  6. News: IGL resumes gas supplies to hotels in Delhi . 27 June 2023 . The Economic Times . 21 August 2006.