Indraprastha Gas, CONCOR sign MoU to set up LNG infrastructure

Indraprastha Gas Ltd. | Gas Transmission/Marketing | Oil & Gas | BSE: 532514 | NSE: IGL

21 Nov 2023 Evaluate

Indraprastha Gas (IGL) and Container Corporation of India (CONCOR) have signed a Memorandum of Understanding (MoU) to explore the possibility of setting up LNG/LCNG infrastructure within the premise of CONCOR terminals. This strategic partnership aims to revolutionize the logistics sector replacing diesel with natural gas. The MoU signifies the commitment of both IGL and CONCOR to reduce carbon emissions and promote a cleaner, greener future for the transportation industry. LNG trucks emit significantly lower levels of greenhouse gas emissions compared to conventional diesel trucks, contributing to a cleaner environment and aligning with global sustainability goals.

Initially, both LNG and LCNG facilities shall be installed at Dadri (Gautam Budh Nagar) terminal of CONCOR. IGL & CONCOR also agree to explore the possibility for transportation of LNG in future through railway rakes from LNG terminals near sea ports (e.g Dahej, Gujarat) to the desired locations within India. Both entities shall jointly examine the possibility of using LNG fired engines in place of existing diesel fired engines, in various terminals of CONCOR. Based on the experience of initially planned LNG facility at CONCOR Dadri terminal, replicating the same at other terminals in future may be taken up progressively.

Both companies are optimistic about the positive impact this collaboration will have on the logistics and transportation sector, fostering a paradigm shift towards sustainable practices. The signing of the MoU signifies a shared vision for a cleaner and more sustainable future in the realm of goods transportation.

Indraprastha Gas is in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.

Indraprastha Gas Share Price

160.70 -5.55 (-3.34%)

11-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
GAIL India	162.50
Gujarat Gas	381.10
Indraprastha Gas	160.70
Mahanagar Gas	1106.55
Adani Total Gas	620.95
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