Indraprastha Gas Limited (IGL) is a city gas distribution company. It is a joint venture promoted by GAIL (India) Limited and Bharat Petroleum Corporation Limited (BPCL). The government of the National Capital Territory (NCT) of Delhi is also a stakeholder with 5 per cent equity. The company supplies compressed natural gas (CNG), a gaseous fuel that includes a mixture of hydrocarbons, primarily methane, to the transport sector and piped natural gas (PNG) to the domestic, industrial and commercial sectors in the NCT of Delhi, Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except areas already authorised), Shamli, Muzaffarnagar, Karnal, and Rewari.
It also offers PNG, which includes methane-CH4, as well as other hydrocarbons. Thus, it has approximately 340 CNG stations spread all around the NCT of Delhi and in NCR. Additionally, the company provides PNG connections to over 6.36 lakh domestic households and approximately 2,630 commercial and industrial customers. IGL has two associates which also operate as CGD companies. Central UP Gas Limited (CUGL) caters to the cities of Kanpur, Bareilly, Unnao and Jhansi in Uttar Pradesh and Maharashtra Natural Gas Limited (MNGL) caters to the city of Pune and nearby areas of Pimpri, Chinchwad, Chakan, Talegaon and Hinjewadi in the state of Maharashtra.
Industry Overview
This story is from the April 13, 2020 edition of Dalal Street Investment Journal.
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This story is from the April 13, 2020 edition of Dalal Street Investment Journal.
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