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New Delhi, In view of the massive push by the government to expand CNG and PNG infrastructure across the country, Indraprastha Gas Limited (IGL), provided record number of 2.10 lakh new PNG connections in 2018-19 in its areas of operation. In addition to the above, 54 new CNG stations had been set up during this period, thereby taking the total number of CNG stations set up by IGL to 500 thus making IGL the largest CNG distribution company of the country. This was announced by Mr. Gajendra Singh, Chairman, IGL while addressing the shareholders at the 20th Annual General Meeting of the company in New Delhi today. Addressing the shareholders, Mr. Singh also gave an overview of future plans of the organization involving consolidation of its presence in existing areas as well as expansion in new geographical areas. He informed that IGL has been expanding its business in existing areas of operation as well as entering into new geographical areas. He added that in the last financial year, IGL has been successful in winning authorization for three new Geographical Areas (GAs) from PNGRB. They are Kanpur (except area already authorized) Hamirpur & Fatehpur districts in Uttar Pradesh, Kaithal district in Haryana and Ajmer, Pali & Rajsamand districts in Rajasthan. Mr. Singh also disclosed that IGL has drawn up plans to set up new CNG stations and create pipeline infrastructure in its current areas of operations as well as newly acquired areas by investing Rs. 1170 Crores in 2019-20. He added that the price differential of CNG versus alternate fuel will continue to drive the conversion of petrol driven private vehicles to CNG mode while IGL is aiming at achieving stiff targets for domestic PNG connections. Referring to augmentation of CNG infrastructure undertaken by IGL in 2018-19, Mr Singh shared that 54 new CNG stations had been added in this fiscal year thereby taking the total number of CNG stations to 500. This helped the Company to enhance its total installed compression capacity to 84.25 Lacs kg/day. Explaining the progress on the PNG front, Mr Singh informed that a record number of over 2,10,000 new domestic PNG customers had been added by IGL in 2018-19. He added that the company was able to achieve growth of 27% in Industrial sector and 13% in Commercial sector during the year. Speaking about the supply of natural gas to industrial sector, Mr Singh expressed confidence that directions of judiciary and statutory authorities to replace Furnace Oil (FO) & Petcoke with Natural Gas shall continue to drive growth in this segment. He informed that IGL is also working on plans to setup LNG/LCNG stations, provide consultancy services in setting up CGD projects, manufacturing of gas meters, promote uses of natural gas in home appliances and also explore new business avenues. Highlighting the customer centric approach adopted by IGL across its operations, Mr Singh shared that IGL is making conscious efforts to upgrade its services by leveraging information technology in all its customer operations. In its effort to augment customer centric initiatives aimed at maximizing the value for them, IGL has upgraded its app – IGL connect by adding various new features and strengthening CRM module in SAP. He also shared the initiatives undertaken in the areas of Health Safety and Environment as well as CSR.

Also present on the occasion were Mr. E.S. Ranganathan, Managing Director, Mr. Amit Garg, Director (Commercial) and other directors of the company. Driven by higher volumes, the net profit of IGL in FY 19 was Rs. 786 crores, which was up 17% over Rs 671 crores in 2017-18. During 2018-19, total sales volume grew by 14% over the previous year with CNG recording 13% growth in volumes and PNG recording volume growth of 15%. The consolidated PAT of IGL after considering the contribution of the associate companies namely, Central UP Gas Limited (CUGL) and Maharashtra Natural Gas Limited (MNGL) was Rs. 841 Crores in 2018-19. The gross turnover of IGL had increased from Rs. 4994 Crores in 2017-18 to Rs. 6337 Crores in 2018-19 showing a growth of 27%.The shareholders approved the dividend of 120% in Annual General Meeting to be paid to shareowners as recommended by the Board of Directors

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