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Indraprastha Gas Ltd.

BSE: 532514 Sector: Others
NSE: IGL ISIN Code: INE203G01019
BSE LIVE 15:40 | 18 Aug 1279.75 1.20
(0.09%)
OPEN

1263.65

HIGH

1288.95

LOW

1263.65

NSE 15:52 | 18 Aug 1277.50 3.15
(0.25%)
OPEN

1274.35

HIGH

1288.95

LOW

1261.00

OPEN 1263.65
PREVIOUS CLOSE 1278.55
VOLUME 53618
52-Week high 1350.00
52-Week low 675.00
P/E 30.66
Mkt Cap.(Rs cr) 17,917
Buy Price 1279.75
Buy Qty 7.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1263.65
CLOSE 1278.55
VOLUME 53618
52-Week high 1350.00
52-Week low 675.00
P/E 30.66
Mkt Cap.(Rs cr) 17,917
Buy Price 1279.75
Buy Qty 7.00
Sell Price 0.00
Sell Qty 0.00

Indraprastha Gas Ltd. (IGL) - Company History

Indraprastha Gas Ltd is the sole supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Region of Delhi. The company principal activity is the retail gas distribution and supplying of CNG to automotive PNG to domestic and commercial sectors like hotels, hospitals, embassies, restaurants etc. Indraprastha Gas Ltd was incorporated on December 23, 1998. The company is a joint venture between GAIL (India) Ltd and Bharat Petroleum Corporation Ltd. In the year 1999, the company took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Ltd. This project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors. In June 9, 2000 the company signed an asset transfer agreement with GAIL in which the business of distribution of natural gas, liquefied petroleum gas and compressed natural gas along with the land and buildings, licenses, permits, authorizations, customer lists contacts were transferred from GAIL to the company. During the year 2003-04, the company laid and commissioned 20 kms of 4`` Dia steel pipeline to make 16 CNG stations on-line. During the year 2005-06, the company entered into an agreement with BPCL for supply of R-LNG on a long-term basis. The company commenced their supply of R-LNG to Britannia Industries, Haldiram's, and Pearl Drinks etc. During the year 2006-07, the company entered into an agreement with GAIL (India) Ltd to buy gas on spot basis and discussions are at advanced stages with many potential customers to market this gas on retail basis. In October 2007, the company started project execution activities in the town of Noida. The company has laid 12 Kms and 22 Kms of steel pipe line in Noida and Greater Noida respectively and the CNG stations are expected to be operational during the financial year 2008-09. In Ghaziabad, the company has been allotted 2 sites for CNG stations for which project execution activities are under implementation. The company also plans to supply CNG through retail outlets of Oil Marketing Companies during the financial year 2008-09. In Haryana, the company made a joint venture company with Siti Energy Ltd and in the process of setting up City Gas Distribution Projects in the towns of Sonepat & Panipat. The company is looking to expand their network to other neighbouring cities like Chandigarh, Panipat, Sonepat, Rahtak, Bulandshahr, Ghaziabad and Meerut.