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0.25 (0.09%)
0.25 (0.09%) | Chairman's Speech (Indraprastha Gas) | Year : Mar '12 |
Dear Shareholder''s, With its vision firmly in place, your Company sustained its growth momentum both in financial and physical numbers in the financial year ended March 31, 2012. Gross Turnover of Rs. 2790 Crores and Profit After Tax (PAT) of Rs. 306 Crores increased by 43% and 18% respectively over the previous year of 2010-11. In terms of Sales volume the growth was 22.3% as compared to previous year. It gives me pleasure to share with you that in its journey of over 13 years, your Company continued to support and implement best practices in all the areas of operations and has built up a high quality City Gas Distribution (CGD) infrastructure in Delhi and National Capital Region (NCR). As on March 31, 2012, your Company was providing Compressed Natural Gas (CNG) to over 5,50,000 vehicles, Piped Natural Gas (PNG) to 3,30,000 domestic households and around 860 commercial & industrial customers. Your Company''s success story of multifold business growth and ever-growing customer base has been recognized from time to time and recently it was declared winner in the category of Urban Infrastructure at the coveted Infrastructure Excellence Awards 2012. The landscape in City Gas Distribution is changing under the regulatory regime and competitive environment. In the face of the complex and changing macro-economic scenario, your Company can not be complacent about its past achievements and is gearing up to meet the new challenges and seize emerging opportunities. Towards this direction, your Company has already drawn comprehensive plans to consolidate and expand its infrastructure robustly in National Capital Territory (NCT) of Delhi and NCR by investing over Rs. 500 Crores during the financial year 2012-13. Your Company also endeavors to broaden its geographical spread by implementing CGD operations in new geographies by self or through strategic business alliances. The Company is also exploring business opportunities in renewable energy segments within the wider gamut of clean energy solutions. With the projected rise in share of natural gas in energy basket, your Company is destined to grow in green energy space. As a responsible corporate citizen, your Company takes pride in building a cleaner and greener future for Delhi and NCR through supply of natural gas which is least polluting among all the fossil fuels. Your Company has customer centric approach and strives to bring continuous improvement in delivery of its products. One amongst several initiatives to enhance customer relationship, your Company has provided the facility of interactive Customer Portal to enhance customer experience with IGL. Your Company is also working for promoting wider use of gas applications in new areas such as gas geysers, water heaters and co-generation. Your Company gives due emphasis to good corporate governance practices and has followed an inclusive approach recognizing that stakeholders such as the community in which the Company operates, its customers, its employees and its suppliers need to be considered when developing the strategy of a Company. Your Company has a talented pool of Human Resource and it is their untiring efforts that have ensured continuous advancement of the Company. As the Company grows in size and complexity, there would be a need to have a trained pool of skilled and experienced manpower. Your Company is committed to provide its employees ample opportunities for career growth and learning which will go a long way in retaining talent. Your Company is also recognizing the importance of Information Technology (IT) in today''s business environment and is continuously upgrading IT systems and usage in its area of operations. Your Company has given utmost priority to Health Safety & Environment (HSE) and is committed to provide reliable and safe operations to the customers. Your Company has implemented best HSE practices and has been upgrading manpower skills towards HSE awareness and compliances through continuous training. As a part of Corporate Social Responsibility (CSR) programme, apart from other initiatives, your Company has been sponsoring coaching for professional courses for meritorious students from economically backward sections of the society. This Annual Report gives you a closer look at IGL''s all round achievements in the year 2011-12, and a glimpse at our goals for the future. I am confident that with your support and trust in us, your Company would achieve new heights in times to come. With best wishes, Yours sincerely (S. Venkatraman) Chairman |
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| Source : Dion Global Solutions Limited | |
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