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Indraprastha Gas receives letter of intent from PNGRB

06 Aug 2018 Evaluate

Indraprastha Gas (IGL) has received letter of intent dated August 4, 2018 from Petroleum and Natural Gas Regulatory Board (PNGRB) for grant of authorization to the company for development of CGD network in the Geographical Area of Meerut (except areas already authorized), Muzaffarnagar and Shamli Districts.

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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