Quarterly Result9 Jan 2025, 08:19 pm
IGL's Domestic Gas Allocation Increased by 31%, Boosting Profitability
AI Summary
INDRAPRASTHA GAS LTD. (IGL) has received communication from GAIL (India) Limited regarding an increase in domestic gas allocations by 31%, effective from 16th January 2025. This increase raises the share of Domestic Gas in the CNG segment from 37% to 51%. Additionally, IGL has secured additional RLNG volumes on a term basis at competitive prices from a major supplier, amounting to around 1.0 MMSCMD. These revisions and new volume allotments are expected to positively impact the Company's profitability.
Key Highlights
- Domestic gas allocations to IGL increased by 31%
- Share of Domestic Gas in CNG Segment rises from 37% to 51%
- IGL secures additional RLNG volumes on term basis at competitive prices
- Additional volumes approximately equal to 1.0 MMSCMD
- Revisions and new volume allotments expected to positively impact Company's profitability