Indraprastha Gas

“So we foresee that when it comes to investment into creating more pipe infrastructure, I think this is a good opportune time to keep going and keeping up with the momentum.”

“And if we do not build the infrastructure right now, so going forward, it will not be that promising.”

“Actually, if you see government has also given support in terms of for pipeline laying, the charges and permission charges have been moderated considerably.”

“It is encouraging to see broad-based growth across both the segments with CNG volumes growing at around 9% and PNG volumes growing by 8%. Within PNG, the domestic volumes grew by 16%.”

“In Delhi NCR, the CNG sales, excluding DTC and dense volume recorded a double-digit growth of almost 10.2% CNG sales in our other newer geographical areas grew by 34%.”

“Okay. So DTC is almost now zero, you can say. September average per day was hardly 50 kgs.”

“For DIS, we have the current volumes for the first half of this financial year, 1.34 lakh average, averaging out 1.34. Last year, the average was for the full year, it was 1.47 lakh kg per day -- so it is degrowing.”

“MNGL, their last quarter average was around 2.3 MMSCMD, and 0.37 MMSCMD was for CUGL. CUGL is growing at 11%. MNGL is growing at around 22%.”

“We continue to see healthy growth in CNG vehicle segment as during the last 6 months, CNG vehicle additions and conversions have averaged to around 27,000 vehicles per month.”

“This gives us an immense confidence in the underlying demand of CNG in the coming quarters, which is also demonstrated by the 25% registration of new vehicles into CNG during the month of July itself as a single month.”

“But however, given the growth pattern and the addition of the new vehicles, in particularly the passenger vehicles in the 4-wheeler segment, car segment, we still envisage that double-digit growth seems to be very, very promising.”

“Then cars was 11,566. And the retro fitment is also happening around 6,800. In nutshell, overall it is 27,000.”

“And after considering all of these factors together, the report has actually finds that CNG currently retains and will continue to retain a strong position across passenger segments, namely cars, taxis, LCVs.”

“At the same time, input gas costs have increased considerably during this quarter, which mainly impacted the profitability of the company. The share of spot in our overall gas mix has also increased significantly in this Q2 as compared to Q1.”

“Profitability, however, was impacted due to higher gas costs during the quarter. IGL recorded a negative EBITDA of INR31 crores, PBT of INR9.5 crores and PAT of around INR24 crores.”

“Considering the increase in the gas cost, appropriate pricing measures have been considered to manage the impact of the prevailing global environment and geopolitical issues and support business sustainability, including acceleration in the compressed biogas potential.”

“So overall, if we see the situation, domestic is still around 48% to 50%, whereas in the domestic also APM and the new gas is almost around 40% and 10% in particularly October, we got on the HPHT. And while we still rely on the RLNG part as around 52%.”

“However, in particularly during the last quarter because of the force majeure issues and all, spot out of this RLNG was at 15% and as you are aware that the spot has really has increased particularly in the last quarter, it was hovering around $22 and recently now it is $30-plus per MMBtu.”

“We have also signed MOUs with Delhi and several universities, institutions, railways, defense and other government institutions for exclusive PNG supplies and had entered into strategic alliances for technology advancements.”

“And this proposal is being put up for the trading. And I think soon, we'll be starting this trading of the gas also.”

“The continued geopolitical situation in West Asia and its consequent impact on global gas prices and supply chain reliability has directly affected the sector.”

“So in fact, it started with all the EV policy of Delhi government, and they are going to phase it out first phase 1st of January, the CNG 3-wheelers, new registration will be not there.”

“we have also tried to calculate by 2030, almost, I think, 2 lakh kgs per day of volume will be going off in a phased manner, but this is a cumulative by 2030, 2 lakh will be going.”

“So domestic gas is going to be a strain and already around 5% to 7% APM allocation has to go down year-on-year basis.”

“Now, due to this cut and all, as per the current our consumption, there is a shortfall of 1.5 MMSCMD.”

“IGL has been conferred with the PNGRB Excellence Award 2026 for the overall performance in the city gas distribution sector.”

“Coming to IGL's performance in Q2, we have delivered a robust volume growth with the company registering 8% year-on-year growth on both the CNG and PNG front.”

“Government also has been taking steps, including changing the allocation methodology for the high-pressure high-temperature HPHT gas under which allocation going forward would be proportionately increased based on the actual gas consumption in the CNG and PNG D segments being achieved by the individual entities.”

“So with our continued efforts, for the first time in IGL's history, we have achieved an average daily gas sales of 10.06 million SCMD.”

“Our overall CNG sales volume, of course, net of BTC and DIMTS operations also increased by approximately 10%. So during this quarter, IGL also touched a peak CNG sale of 59 lakh kg in a single day as well.”