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Indraprastha Gas acquires two steel pipelines in Delhi

02 May 2017 Evaluate

Indraprastha Gas (IGL) has acquired over two steel pipelines in Delhi from one of its promoter GAIL (India). The total length of pipelines acquired stands at 58.5 km.

These pipelines -- one connecting GAIL DESU terminal near ITO with Maruti terminal in Gurugram and the other connecting GAIL DESU terminal with Khera Kalan village near Rohini, form a major part of the network of supply of natural gas in the national capital.

IGL is engaged in distribution of CNG and PNG in Delhi. 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) 172.00
Gujarat Energy 245.30
Indraprastha Gas 149.40
Mahanagar Gas 1083.60
Adani Total Gas 660.65
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