IGL bags Ghaziabad city-gas license

Indraprastha Gas Ltd. | Gas Transmission/Marketing | Oil & Gas | BSE: 532514 | NSE: IGL

01 Jul 2010 Evaluate

Indraprastha Gas Ltd (IGL) has bagged license to build and operate CNG stations and piped natural gas network in Ghaziabad. IGL is an ‘authorised entity’ to lay, build, operate or expand city-gas distribution (CGD) network in Ghaziabad.

In 2009, the Petroleum and Natural Gas Regulatory Board (PNGRB) had invited bids for city gas business in seven cities — Allahabad, Ghaziabad and Jhansi in Uttar Pradesh, Shahdol (Madhya Pradesh), Rajahmundry and Yanam (Andhra Pradesh) and Chandigarh.

IGL, which had pre-PNGRB authorisation for CNG operations in Ghaziabad, had challenged PNGRB’s move in the Delhi High Court. IGL had claimed that the board lacked powers to issue authorisation for city gas business since Section 16 of the PNGRB Act was not notified.

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Peers

Company Name	CMP
GAIL (India)	172.00
Gujarat Energy	245.30
Indraprastha Gas	149.40
Mahanagar Gas	1083.60
Adani Total Gas	660.65
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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