Credit rating agency, ICRA has reaffirmed the long term rating at ‘AAA’ and the short term rating at ‘A1+’ of Indraprastha Gas for the limit of Rs 3,600 crore.
Indraprastha Gas, incorporated in 1998, is engaged in distribution of CNG and PNG in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.