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About Indraprastha Gas
History of Indraprastha Gas Limited (IGL)
Incorporated in 1998, Indraprastha Gas Limited (IGL) is a City Gas Distribution Company (CGD). IGL is a joint venture between GAIL (India) Ltd and Bharat Petroleum Corporation Ltd. In 1999, the company took over the Delhi City Gas Distribution Project from GAIL (India) Limited. The project started by laying the network for distributing natural gas in the National Capital Territory (NCT) of Delhi to consumers in the domestic, commercial and transport sectors. The company aims to offer natural gas in the entire capital region. In 2003, the company launched its IPO and got listed on the stock exchanges. In 2004, the company unveiled its first online CNG station in Delhi. In 2007, the company commenced CNG Project activities in Greater Noida and got government clearance for city gas distribution in Noida. In 2009, IGL started piped natural gas supply in Noida. After a decade, in 2019, the company obtained a city gas licence for Hapur. As of March 2023, the company has 97 lakh kg of CNG compression capacity per day, 23.70 lakh domestic customers, and 792 CNG stations.Business Segments of Indraprastha Gas Limited
- CNG: Under this segment, the company supplies CNG, a substitute for petrol, diesel, etc. The company provides CNG at 792 stations located in Ghaziabad, Muzaffarnagar, Hamirpur, Shamli, Fatehpur, Meerut, Kanpur, Noida, Rewari, Karnal, Kaithal, Hapur, Gurugram, Delhi and Greater Noida.
- Piped Natural Gas (PNG) (Domestic): Under this, the company procures PNG from the oil or gas wells and transports it through the pipeline network nationwide. This is supplied to domestic households.
- PNG (Commercial): Under this segment, the company supplies PNG to restaurants, hotels, malls, hospitals, commercial complexes, educational institutions and religious institutions in and around Delhi-NCR.
- PNG (Industrial): The company supplies PNG to industries, including metal, textiles, food and beverages, pharmaceuticals, chemical, packing, auto and ancillary industries. This PNG is used in these industries for various purposes.
- Central U.P. Gas Limited (CUGL): This company is involved in the City Gas Distribution in Jhansi, Kanpur, Unnao and Bareilly in Uttar Pradesh. IGL holds 50% of the paid-up equity share capital of CUGL.
- Maharashtra Natural Gas Limited (MNGL): This company is engaged in City Gas Distribution in Pune, Chinchwad, Pimpri, Talegaon, Hinjewadi, Chakan, etc. IGL holds 50% of the paid-up equity share capital of MNGL.
Key Personalities of Indraprastha Gas Limited
Kamal Kishore Chatiwal, Managing Director Kamal Kishore Chatiwal has been the Managing Director of IGL since 2023. He joined GAIL in 2013 in Senior Management, and in 2017, he was promoted to Chief General Manager. From June 2022 to September 2023, he served as the Executive Director of GAIL.Management Outlook of Indraprastha Gas Limited
- The company is actively exploring both organic and inorganic avenues to fortify its position in the dynamic and competitive business landscape.
- Aligned with the government's mission to achieve net-zero emissions, the company is dedicated to implementing projects to reduce carbon emissions.
Parent Organisation
Govt of India
Managing Director
Shri R. K. Jain
Founded
1998
NSE Symbol
IGL
Peer Comparision
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Indraprastha Gas Ltd FAQs
What is the share price of Indraprastha Gas Ltd (IGL) shares?
Indraprastha Gas Ltd (IGL) share price as of May 30, 2024, on NSE is Rs 2,851.15 (NSE) and Rs 2,860.00 (BSE) on BSE.
Can I buy Indraprastha Gas Ltd (IGL) from Angel One?
Yes, You can buy Indraprastha Gas Ltd (IGL) shares by opening a Demat account with Angel One.
How do I buy Indraprastha Gas Ltd (IGL) from Angel One?
Indraprastha Gas Ltd (IGL) share can be bought through the following modes:
1. Direct investment: You can buy Indraprastha Gas Ltd (IGL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indraprastha Gas Ltd (IGL) shares.
1. Direct investment: You can buy Indraprastha Gas Ltd (IGL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Indraprastha Gas Ltd (IGL) shares.
What is the main business of IGL?
The main business of IGL is to supply gas to transport, industrial, domestic, and commercial consumers spread across the NCT of Delhi, Ghaziabad & Hapur, Noida, Greater Noida, Gurugram, Meerut, Muzaffarnagar, Shamli, Karnal, Hamirpur & Fatehpur districts, Rewari, Kanpur, Kaithal, Pali, Ajmer, and Rajsamand.
Who are the promoters of IGL?
The top promoters of IGL are Gail (India) Ltd and Bharat Petroleum Corporation Ltd (BPCL).
What are the Subsidiaries that comes under IGL?
IGL's subsidiaries include Central U.P. Gas Ltd. and Maharashtra Natural Gas Ltd.
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