Indraprastha Gas

Indraprastha Gas Limited
Company typePublic
BSE: 532514
NSE: IGL
IndustryNatural gas
Founded1998 (1998)
Headquarters
New Delhi
,
India
Area served
Delhi NCR
Key people
Rakesh Kumar Jain (Chairman)
ProductsPiped natural gas
Compressed natural gas
ServicesGas distribution
RevenueIncrease ₹15,717 crore (US$1.9 billion) (FY24)[1]
Increase ₹1,983 crore (US$240 million) (FY24)[1]
Websitewww.iglonline.net
A CNG filling station of Indraprastha Gas in Delhi

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]

References

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

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