Credit rating agency, CARE has assigned ‘AAA’ rating to Indraprastha Gas’ Long-term Proposed Bond Issue worth Rs 400.00 crore.
The rating takes into considerations IGL strong parentage and professional management team, dominant position in the city gas distribution (CGD) business in the National Capital Territory (NCT) of Delhi and comfortable financial risk profile. The rating also derives strength from its robust and improving infrastructure base, gas sourcing tie-up in place and favourable demand outlook of the CGD business.
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.
| Company Name | CMP |
|---|---|
| GAIL India | 167.65 |
| Gujarat Energy | 403.00 |
| Indraprastha Gas | 162.05 |
| Mahanagar Gas | 1074.00 |
| Adani Total Gas | 744.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: