GAIL (India) has revised upwards domestic gas allocation to Indraprastha Gas (IGL) by 31% with effect from January 16, 2025. This revision will increase the share of domestic gas in IGL’s CNG segment from 37% to 51%.
The company has also tied-up additional RLNG volumes on Term Basis at competitive prices, with one of the major suppliers (around 1.0 MMSCMD). The said revision and signing of additional volumes shall have a positive impact on profitability of the company.
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.
| Company Name | CMP |
|---|---|
| GAIL India | 165.35 |
| Gujarat Gas | 397.60 |
| Indraprastha Gas | 168.60 |
| Mahanagar Gas | 1162.55 |
| Adani Total Gas | 649.25 |
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