Stock Analyst Choice

Piping Gains

A virtually monopolistic market control has put this company at the centre-stage in this segment

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Indraprastha Gas Limited (IGL) supplies two products, Compressed Natural Gas (CNG) for the transport sector and Piped Naural Gas (PNG) for the commercial and the domestic sector. The company is going on an aggressive expansion plan to consolidate its monopoly position with an investments of more than Rs 1,200 crore on CNG and Rs 600 crore on PNG network this fiscal (FY10). It is also expanding its network to the neighbouring states like Uttar Pradesh and Haryana.

This article was originally published on October 23, 2009.


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