Indraprastha Gas

Last updated

Indraprastha Gas Limited
Type Public
BSE:  532514
NSE:  IGL
Industry Natural gas
Founded1998 (1998)
Headquarters,
India
Area served
Delhi NCR
Key people
Rakesh Kumar Jain (Chairman)
ProductsPiped natural gas
Compressed natural gas
ServicesGas distribution
RevenueIncrease2.svg15,805 crore (US$2.0 billion) (FY23) [1]
Increase2.svg2,122 crore (US$270 million) (FY23) [1]
Website www.iglonline.net
A CNG filling station of Indraprastha Gas in Delhi Indraprastha Gas filling.jpg
A CNG filling station of Indraprastha Gas in Delhi

Indraprastha Gas Limited (IGL) is an Indian natural gas distribution company that supplies natural gas as cooking and vehicular fuel, primarily in Delhi NCR. Established in 1998, the company is a joint venture between GAIL, Bharat Petroleum, and the Government of Delhi. [2]

Contents

History

IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in Delhi. The company started as a joint venture between GAIL, Bharat Petroleum and the Government of Delhi to implement a city gas distribution network. [3]

The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange. [4]

Operations

As of 31 December 2017, IGL supplied piped natural gas to over 9,00,000 homes, over 2,000 commercial and more than 1,150 industrial establishments in the NCR. It also operates 425 CNG filling stations for natural gas vehicles. [5]

IGL sources its gas via the HVJ Gas Pipeline owned by GAIL. [6]

Related Research Articles

<span class="mw-page-title-main">PetroChina</span> Chinese oil producer

PetroChina Company Limited is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and gas producer. Traded in Hong Kong and New York, the mainland enterprise announced its plans to issue stock in Shanghai in November 2007, and subsequently entered the constituent of SSE 50 Index. In the 2020 Forbes Global 2000, PetroChina was ranked as the 32nd-largest public company in the world.

<span class="mw-page-title-main">Phillips 66</span> American multinational energy company

The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets into a new company bearing the Phillips name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.

<span class="mw-page-title-main">Singapore Petroleum Company</span> Singaporean oil company

Singapore Petroleum Company Limited, in short SPC, is a Singaporean multinational oil and gas company. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.

<span class="mw-page-title-main">Petronet LNG</span> Indian natural gas company

Petronet LNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL). Petronet LNG Limited, one of the companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal in Dahej, Gujarat, and another terminal in Kochi, Kerala. While the Dahej terminal has a nominal capacity of 17.5 million tonnes per year, the Kochi terminal has a capacity of 5 million tonnes per year. Plans to build a third LNG terminal in Gangavaram, Andhra Pradesh were dropped in October 2019.

Polskie Górnictwo Naftowe i Gazownictwo S.A., abbreviated to PGNiG, is a Polish state-controlled oil and gas company, headquartered in Warsaw, Poland. The company has branches and representative offices in Russia, Pakistan, Belarus and Ukraine and holds equity interests in some 30 subsidiaries, including providers of specialist geophysical, drilling and well services.

<span class="mw-page-title-main">Abu Dhabi National Oil Company</span> UAE state-owned oil company

The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates (UAE).

<span class="mw-page-title-main">Oil and Natural Gas Corporation</span> Central Public Sector Undertaking

The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.

<span class="mw-page-title-main">Bharat Petroleum</span> Indian central public sector undertaking

Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas,Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It was ranked 309th on the 2020 Fortune list of the world's biggest Public sector undertakings in India, and 792nd on Forbes's 2021 "Global 2000" list.

<span class="mw-page-title-main">Hindustan Petroleum</span> Subsidiary of Oil and Natural Gas Corporation

Hindustan Petroleum Corporation Limited (HPCL), commonly referred to as HP, is a subsidiary of Oil and Natural Gas Corporation (ONGC) which is in turn under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in Mumbai. Since 2018, Oil and Natural Gas Corporation has owned majority of its stake. It is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. On 24 October 2019, it became a Maharatna (PSU).

<span class="mw-page-title-main">Ministry of Petroleum and Natural Gas</span> Ministry of government of India

The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country. The ministry is headed by the Cabinet Minister Hardeep Singh Puri. M. M. Kutty is the Secretary of the Ministry. Dharmedndra Pradhan serving as the minister from 26 May 2014 to 7 July 2021 is the longest serving minister till date.

Gujarat State Petroleum Corporation Ltd (GSPCL) is a state government owned group of oil and gas exploration, production and distribution companies based in Gujarat, India. It is India's only state government-owned oil and gas company under the ownership of Department of Energy and Petrochemicals, Government of Gujarat. GSPC was incorporated in 1979 as a petrochemical company.

<span class="mw-page-title-main">GAIL</span> Central Public Sector Undertaking

GAIL (India) Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It has the following business segments: natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, renewable Energy including Solar & Wind, exploration and production, Petrochemicals, GAILTEL and electricity generation. GAIL was given the MahaRatna status on 1 Feb 2013 by the Government of India. Only 11 other Public Sector Undertakings (PSUs) enjoy this coveted status amongst all Central PSUs.

Mahanagar Gas Limited (MGL) is an Indian natural gas distribution company, incorporated on 8 May 1995. MGL is an enterprise of GAIL (India) Limited and Government of Maharashtra.

Bharat Oman Refineries Limited (BORL) which is under the ownership of Ministry of Petroleum and Natural Gas of the government of India. It owns and operates Bina Refinery, located at Bina in the Bina-etawa district of the state of Madhya Pradesh in India. The company was incorporated as a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company Ltd. Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million tonnes. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018.

HVJ an abbreviation for Hazira-Vijaipur-Jagdishpur is India's first cross state gas pipeline. The project was started in 1986 after the incorporation of GAIL (India) Limited to supply gas to the fertilizer plants located in the state of Uttar Pradesh. The first phase of the project consisting of non-branched 1,750 kilometer grid was commissioned in 1987. Later on the system was expanded with additional branches to supply gas for industrial and domestic use in the states of Rajasthan, Haryana and NCT, which increased the total grid length to 3,474 km.

Public Sector Undertakings (PSUs) are public sector companies, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalisation or an executive order incase of union government and state government or act of parliament with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products & services at an affordable price to the citizens, implementation of government schemes and to deliver products & services to remote locations of the country.

<span class="mw-page-title-main">Indian Oil Corporation</span> Central Public Sector Undertaking

Indian Oil Corporation Limited (IOCL) is an Indian multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 142nd on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue.It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.

The petroleum industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra. As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM).

<span class="mw-page-title-main">Rajbandh</span> Village in West Bengal, India

Rajbandh is a village in the Kanksa CD block in the Durgapur subdivision of the Paschim Bardhaman district in the state of West Bengal, India.

<span class="mw-page-title-main">Economy of Bokaro</span>

Here is written about the Economy of Bokaro. Bokaro Steel City is one of the planned cities of India, a major industrial centre and the fourth largest city in the Indian state of Jharkhand. It is the administrative headquarters of Bokaro district. The city stands at the elevation of 210 m (690 ft) above sea level and has an urban area of the city is 183 square kilometres. It is bounded on the east by Dhanbad and Purulia, on the west by Ramgarh and Hazaribagh, on the north by Giridih and on the south by Ranchi. It is accessible through National Highway NH 143 & NH-18 which came between it.

References

  1. 1 2 "Indraprastha Gas reports 8% decline in Q4 net profit at ₹398 crore". The Hindu Businessline. 12 May 2023. Retrieved 27 June 2023.
  2. "Indraprastha Gas looks to expand its physical reach to other cities". Business Standard. 20 March 2020. Retrieved 27 June 2023.
  3. "GAIL to float JV with BPCL, diversify into power, expand capacities". Rediff. Retrieved 27 June 2023.
  4. "Indraprastha Gas IPO oversubscribed on first day". The Hindu. 29 November 2003. Retrieved 23 August 2011.
  5. "12th AGM Statement". Indraprastha Gas Limited. Retrieved 23 August 2011.
  6. "IGL resumes gas supplies to hotels in Delhi". The Economic Times. 21 August 2006. Retrieved 27 June 2023.