Private sector electricity generator Tata Power and Indraprastha Gas Ltd (IGL) today announced signing of a pact to jointly set up electric vehicle charging stations, battery swapping stations and rooftop solar power plants among other focus areas.
India’s largest private fuel retail company Nayara Energy Ltd (NEL) is in talks with city gas distributions majors like Adani Gas, Indraprastha Gas and Mahanagar Gas to offer sales of compressed natural gas at their outlets.
Indraprastha Gas Ltd (IGL), the sole supplier of clean-burning natural gas as automotive and kitchen fuel in the NCR (National Capital Region), has stepped in to help stop crop stubble burning, identified as a major cause of air pollution in the city and its suburbs.
Shares of city gas distribution companies (CGD) such as Indraprastha Gas (IGL), Mahanagar Gas (MGL) and Gujarat Gas have rallied by up to 6% on the BSE in intra-day trade in an otherwise subdued market.
Consequent upon recent notification of Govt. of India increasing the prices of domestically produced natural gas, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi on Monday announced revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida, Ghaziabad and Rewari from tonight.
Indraprastha Gas Ltd will invest Rs 600 crore this fiscal to expand operations, including starting CNG and piped cooking gas retailing in three cities of Haryana.
The results for the eighth round of city gas distribution bidding for Karnal, Kurukshetra, Ambala and South Goa were disclosed during the week. Organized development of network through bids and government’s initiatives to promote cleaner fuels has facilitated rapid expansion of city gas distribution in Indian cities in the last decade.
CNG price to increase by Rs 3.52/kg due to increase in VAT in UP
Citing an increase in VAT in Uttar Pradesh on natural gas, which is used as input for CNG, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd.
The oil & gas sector remained a bright spot in an otherwise subdued quarter for the overall market, reporting 3% y-o-y PAT growth (ex-OMCs) versus 4% decline for NIFTY.
Indraprastha Gas Ltd (IGL) is expecting a revenue of Rs 150 crore annually from its planned city gas services in Gurgaon for which it has just received license from the Haryana government, its managing director has said.