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Indraprastha Gas Ltd.

BSE: 532514 Sector: Others
NSE: IGL ISIN Code: INE203G01027
BSE 00:00 | 07 Oct 384.30 0
(0.00%)
OPEN

384.15

HIGH

387.00

LOW

377.10

NSE 00:00 | 07 Oct 384.30 0
(0.00%)
OPEN

385.45

HIGH

387.20

LOW

377.05

OPEN 384.15
PREVIOUS CLOSE 384.30
VOLUME 76827
52-Week high 530.50
52-Week low 322.10
P/E 18.03
Mkt Cap.(Rs cr) 26,901
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 384.15
CLOSE 384.30
VOLUME 76827
52-Week high 530.50
52-Week low 322.10
P/E 18.03
Mkt Cap.(Rs cr) 26,901
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Indraprastha Gas Ltd. (IGL) - Chairman Speech

Company chairman speech

Dear Shareowners

Let me first convey my good wishes to all of you and hope you all aresafe and in good health.

The financial year 2020-21 had been a challenging year as the Covid-19pandemic affected all facets of life inter-alia business or corporate sector. Despiteall odds our employees and contractors fearlessly ensured uninterrupted gas supply fortransport commercial & industrial as well as domestic customers without compromisingon safety.

I am pleased to share that your Company is one of the leading City GasDistribution (CGD) companies of the country. During the year Gross Turnover and ProfitAfter Tax (PAT) stood at Rs. 5409 Crores and Rs. 1006 Crores respectively. Despite FY2020- 21 being a difficult year your Board of Directors recommended a dividend of 180%i.e. Rs. 3.60 per share which is the highest dividend in the history of the Company.

IGL overcame operational hurdles during the year and added 62 new CNGstations taking the total number of CNG stations to 612 with a total compression capacityof 88 lacs kg per day. During the year the Company also provided more than 3.1 lacs newdomestic PNG connections which is the highest number of connections provided by any CGDin a single financial year. Your Company also added more than 1100 new commercial andindustrial customers. In NCT of Delhi all industries have switched over to natural gasfor meeting their fuel requirements.

Your Company catered to more than 12.05 Lacs CNG vehicles 16.85 Lacsdomestic PNG customers and more than 6600 commercial and industrial customers as on March31 2021. The collaborative efforts of all the stakeholders of the Company enabled us tosuccessfully fulfil our objectives.

With the government's growing thrust on natural gas and its vision ofmaking India a gas based economy the CGD sector is growing at a fast pace. Aftercompletion of the 10th round of bidding by PNGRB 70% of the country's population and 50%of its total area have been covered under the CGD network. The government has takenvarious steps to promote CGD companies ensuring allocation of gas for domestic customersand for transportation requirements giving it a public utility status and framing a modelCGD policy. These measures coupled with the start of the Indian Gas Exchange and revisionin transport tariff policy are likely to add growth in the industry and transform Indiainto a vibrant gas market.

The changing landscape offers numerous opportunities for CGD companies.IGL being a pioneer in the CGD sector is geared to make optimum use of its resources forsustainable future growth. The operations of the Company are spread over in NCT of Delhiand states of Uttar Pradesh Haryana and Rajasthan. Besides this your Company is alsoexploring for inorganic growth by acquiring stakes in other CGD companies

With a futuristic vision IGL has also forayed in the Electric Vehicle(EV) sector. The Company has plans to set up 50 EV charging stations by the end of thisfinancial year. To connect cities with CNG infrastructure and provide long distanceconnectivity IGL has successfully showcased the use of Type IV cylinder long-haul busesbetween Delhi and Dehradun. It aims to make CNG popular among State Transport Undertakings(STUs) and Private Transporters to enable conversion from conventional fuels to cleaneralternatives like CNG.

As part of its diversification plans IGL is exploring the area ofhydrogen as a fuel. The Company is also looking to leverage its expertise and executioncapabilities to provide consultancy services to other companies. Along with it buildingcapacity of human resources and organisational transformation are also key priorities forthe organization. All these initiatives are expected to aid the IGL's growth andexpansion.

Your Company is also focused on customer needs and is continuouslymaking efforts to improve its services. IGL has taken initiatives towards strengthening ofCustomer Relationship Management. Special focus has been made to improve the meterreading billing and bill delivery processes which has led to enhanced customersatisfaction. Your Company has given emphasis on digital payments for both its CNG as wellas PNG customers. It has also provided various digital platforms for the convenience ofcustomers.

IGL has always accorded top most priority to Safety issues. It has madeconcerted efforts to maintain a good safety culture and abide by the highest safetystandards. Regular trainings are imparted to drivers PNG customers employeescontractual staff and other stakeholders to ensure adherence to safety policies. Yourcompany has won prestigious safety awards in recognition of its high safety standards.

The Company has always given utmost importance to its human capital andmakes optimum use of their potential to enable business growth. It also reviews employeewelfare schemes from time to time to motivate the employees. IGL gives due importance tothe training and development of employees and focuses on upgrading skills and expertise invarious areas. During the year a number of team building and skill development programmeshave been conducted online to improve employee engagement. Further the Company recognizesand appreciates the contribution of all its employees in its growth journey. During theyear IGL has provided the facility of online consultations with doctors preventivesessions on Covid - 19 arrangements for Covid-19 (RT-PCR) tests vaccination facilitiesand post Covid Care Camps to its employees.

IGL as a responsible corporate citizen has been undertaking variousCSR activities with a focus on health education skill development and empowerment ofwomen & the underprivileged. Your Company carried its key CSR project "BuildingBonds through Gender Sensitization" which is a training programme for taxi bus andauto drivers in Delhi Noida & Gurugram aimed at making commute in public transportsafe for the women. Your Company realized its commitment to the underprivileged sectionsof society during the countrywide lockdown at the beginning of financial year 2020- 21.IGL remained at the forefront to serve the nation in its fight against the pandemic.Relief material in the form of food dry ration hand sanitizers PPE Kits etc. weredistributed to the needy as well as the frontline workers of Delhi & NCR. To supporthealthcare 6 PSA Oxygen plants and LMO tanks of 100MT capacity were also installed by theCompany. IGL is fully conscious of its social responsibility and would continue itsendeavour to serve the society.

On behalf of the Board of Directors I take this opportunity to thankthe Government of India Petroleum and Natural Gas Regulatory Board all the departmentsof the Central and State governments our valued Customers and all the authorities andagencies for their unstinted support to the Company .

I along with my colleagues on the Board would also like to thank eachand every employee of IGL for their hard work and dedication.

Finally I would like to thank each one of our shareowners for theconfidence and trust reposed in us. With your support and blessings we are confident tocontinue our journey of sustainable growth in the coming years.

Stay safe and healthy

Warm Regards

Arun Kumar Singh

Chairman

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