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Indraprastha Gas gets letters of intent from PNGRB for development of CGD network

01 Mar 2019 Evaluate

Indraprastha Gas (IGL) has received three letters of intent dated March 01, 2019 from PNGRB for grant of authorization to the company for development of City Gas Distribution (CGD) network in the Geographical Areas of Kaithal District, Ajmer- Pali and Rajsamand District and Kanpur (Except area already authorized) District, Fatehpur & Hamirpur 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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