PSU PRESS RELEASE
IGL TO SET UP CITY GAS DISTRIBUTION NETWORK IN REWARI
New Delhi.Indraprastha Gas Limited (IGL) has now been authorized by Petroleum & Natural Gas Regulatory Board (PNGRB) to lay City Gas Distribution (CGD) network in the geographical area of Rewari in Haryana. This was announced by Mr. M. Ravindran, Chairman, IGL while addressing the shareholders at the 17th Annual General Meeting of the company in New Delhi. He added that this would open doors for expansion of IGL in the state of Haryana.
Addressing the shareholders, Mr. Ravindran highlighting the initiatives undertaken by IGL to promote the usage of clean fuels due to increasing environmental concerns, Mr Ravindran shared information about the first of its kind pilot project in the country to run two wheelers on CNG being undertaken by the company.
Speaking about augmentation of CNG infrastructure undertaken by IGL wherein 16 new CNG stations had been made operational in 2015-16 and work had also started on another 78 CNG stations, which were subsequently made operational in the first quarter of 2016-17. He added that this had resulted in IGL recording highest ever sale of 29.5 lakh per day last month, which is the highest for any CGD company on a single day.
Also present on the occasion were Mr. E. S. Ranganathan, Managing Director, IGL, Mr. V. Nagarajan, Director (Commercial), IGL and all other directors of the company.
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. 464.13 Crores in 2015-16 as against Rs. 448.13 Crores in the previous year. The gross turnover of IGL had increased only marginally from Rs. 4049 Crores in 2014-15 to Rs.4052 Crores in 2015-16 despite an increase of 4.4% in sales volume, mainly on account of reduction in the selling price of CNG and domestic PNG.
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