IRM Energy was incorporated as a private limited company in the name of ‘IRM Energy Private Limited’ under the Companies Act, 2013 and a certificate of incorporation dated December 1, 2015, was issued by the Registrar of Companies, Gujarat at Ahmedabad (RoC). Subsequently, the company was converted from a private limited company to a public limited company and the name of the company was changed to ‘IRM Energy Limited’ pursuant to a board resolution dated February 25, 2022, and a special resolution passed by its shareholders on March 8, 2022, consequent to which a fresh certificate of incorporation dated March 23, 2022, was issued by the RoC.

The company is a city gas distribution (CGD) company in India, with operations at Banaskantha (Gujarat), Fatehgarh Sahib (Punjab), Diu & Gir Somnath (Union Territory of Daman and Diu/Gujarat), and Namakkal & Tiruchirappalli (Tamil Nadu), engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network. It develops natural gas distribution projects in the geographical areas (GAs) allotted to it for industrial, commercial, domestic and automobile customers. Its customers include operators of public transport vehicles such as taxis, auto-rickshaws, and private vehicles such as cars, buses, light goods vehicles and heavy goods vehicles. Its PNG customers are broadly classified into three segments, which are, industrial PNG (small, medium and large-sized enterprises), commercial PNG (such as hotels, restaurants, bakeries, hostels and community halls) and domestic PNG (predominantly using PNG as cooking gas).

The company has positioned itself as the provider of one of the safest, cleanest and most cost-effective fuels for households, commercial establishments and industrial units as well as for fuel requirements in transport segment. It was recognized as the ‘City Gas Distribution - Growing Company of the Year 2020’ by Federation of Indian Petroleum Industries (FIPI). It distributes CNG for use in motor vehicles and PNG for use by domestic households as well as for commercial and industrial units. Due to its competitive gas price and optimized operational expenditure, it is in a position to offer gas to its industrial PNG customers at a viable price in the market and enable the industrial PNG customers to switch from other alternate fuels (coal and furnace oils) to natural gas. Compared with competitive fuels, it provides a more reliable and environment-friendly alternative fuel to all its customer segments, and hence has been able to tap potential customer segments in the respective GAs. Further, it is committed to health and safety and have established safety management systems which ensures safe, reliable and uninterrupted distribution of natural gas to its customers, with a focus on systemic minimization of health and safety risks.

The company has established credibility in terms of efficient operational management, stakeholder’s management and supply chain risk management in its existing GAs, as there are significant entry barriers such as marketing and infrastructure exclusivity granted pursuant to the PNGRB authorizations for the respective GAs and requirement of large investments to establish a natural gas distribution network for competitors to enter into its area of operations post the expiry of marketing and infrastructure exclusivity. The company sees growth potential in and around the GAs it operates in, due to the (i) expected growth in the number of CNG equipped vehicles due to the cost effectiveness of CNG as a fuel over other fuels; (ii) potential growth in the number of households in its areas of operation; and (iii) presence of industrial clusters in Mandi Gobindgarh (Fatehgarh Sahib) and in Namakkal & Tiruchirappalli (Tamil Nadu).

Business area of the company:

The company is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers. 

Awards, accreditations and recognitions 

• 2021: Awarded the ‘City Gas Distribution – Growing Company of the Year’ award by the Federation of Indian Petroleum Industry, which was received on January 27, 2021.

Major events and milestones

• 2017: Commissioned first City Gate Station at Banaskantha.
• 2017: Commissioned first Mother Station at Banaskantha.
• 2017: Commissioned first DODO Station at Banaskantha.
• 2017: Commissioned first commercial customer at Banaskantha.
• 2018: Commissioned a City Gate Station at Fatehgarh Sahib.
• 2018: Commissioned a Mother Station at Fatehgarh Sahib.
• 2018: Commissioned first industrial customer at Fatehgarh Sahib.
• 2019: Completed laying more than 1000 inch km of pipelines at Banaskantha
• 2021: Completed laying more than 500 inch km of pipelines at Fatehgarh Sahib
• 2021: Commissioned 100th commercial customer at Banaskantha.
• 2021: Commissioned the 50th CNG Stations (including DODO Stations and OMC Stations).
• 2022: Commissioned 100th industrial customer at Fatehgarh Sahib.
• 2022: Commissioned first L-CNG Station at Gir Somnath.
• 2022: Commissioned over 35,000 PNG domestic connections at Banaskantha.
• 2023: Commissioned over 50,000 PNG domestic connections at Company level.
• 2023: Achieved Minimum Work Programme target of Fatehgarh Sahib GA.
• 2023: Commissioned first CNG Station at Namakkal and Tiruchirappalli GA (OMC Station).