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ICRA reaffirms ratings assigned to bank facilities of Indraprastha Gas

09 Sep 2016 Evaluate

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.



Peers
Company Name CMP
GAIL (India) 166.85
Gujarat Energy 223.80
Indraprastha Gas 146.10
Mahanagar Gas 1042.75
Adani Total Gas 563.45
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