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Indraprastha Gas plans to invest Rs 400 crore for expansion: Report

04 Sep 2013 Evaluate

Indraprastha Gas is reportedly planning to invest Rs 400 crore in augmenting its infrastructure to meet the growing demand of CNG and PNG.  The company is also planning to expand its several in other parts of the country.

The company currently has presence in Delhi, Noida, Greater Noida and Ghaziabad. Recently, the company has acquire 50% stake in Central UP Gas (CUGL) and would now supply natural gas to automobile and household consumers in UP.

Indraprastha Gas, incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). 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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