#IGL provided 1 lakh new piped gas connections in FY15

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Indraprastha Gas Ltd (IGL), the sole supplier of CNG and piped cooking gas in the National Capital Region, has provided a record one lakh piped natural gas (PNG) connections in 2014-15 to its new domestic customers. This was stated by IGL Chairman M Ravindran while addressing the shareholders at the 16th Annual General Meeting of the company here. He stated that IGL has set higher targets for providing PNG connections in the future years too, a company statement said. Giving an overview of expansion plans, he said IGL will consolidate its presence in existing areas of Delhi, Noida, Ghaziabad and Greater Noida as well as enter new geographies through bidding and strategic acquisitions. Referring to various initiatives taken by the government in the last one year like revised guidelines for domestic gas allocation and revision of domestic gas prices every six months, he said that the city gas distribution business is all set to expand across the country and IGL is fully geared to further improve its performance to maintain its position as the premier CGD company of the country. Sharing customer focused initiatives, Ravindran stressed that new customer centric applications which allow access from handheld devices are being developed keeping the technological awareness of IGL’s customer base in mind. He disclosed that IGL has improved its performance on the scale of Customer Satisfaction Index as compared to last year as per a study conducted by a leading market research agency. Also present on the occasion were Narendra Kumar, Managing Director, IGL, V Nagarajan, Director (Commercial), IGL and all other directors of the company. IGL recorded a growth of 22 per cent in net profit to Rs 437 crore in 2014-15. Its gross turnover decreased to Rs 4,048 crore in 2014-15 from Rs 4,328 crore in 2013-14, despite increase in sales volume due to sharp reduction in CNG and domestic PNG retail prices. The shareholders approved a dividend of 60 per cent as recommended by the Board of Directors. IGL currently sells CNG to over 8 lakh vehicles in NCR through a network of over 300 CNG stations. It also supplies piped natural gas to over 6,00,000 households in Delhi and NCR towns.

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