Indraprastha Gas - Capital's Gas Vendor

Started with the objective of supplying natural gas to New Delhi, Indraprastha Gas (IGL) has grown to become India’s leading natural gas distributor. Now, in addition to Delhi, it also supplies gas to neighbouring townships such as Noida and Ghaziabad. Two large public-sector companies — BPCL with 22.5 per cent stake and Gail also with 22.5 per cent stake — are its main promoters while Delhi government holds a minor 5 per cent stake. At the end of FY10 IGL earned 86 per cent of its total revenue from the distribution of CNG to vehicles in Delhi and the NCR. Strengths Strong volume growth: Volume growth is the key driver of IGL’s revenue. CNG sales touched a record high in Q2FY11 at 155.