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Indraprastha Gas > Company History > Oil Drilling And Exploration > Company History of Indraprastha Gas - BSE: 532514, NSE: IGL
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Indraprastha Gas

BSE: 532514|NSE: IGL|ISIN: INE203G01027|SECTOR: Oil Drilling And Exploration
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Company History - Indraprastha Gas
Incorporated in 1998, IGL took over Delhi City Gas Distribution
 Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of
 India Limited).
 The project was started to lay the network for the distribution of
 natural gas in the National Capital Territory of Delhi to consumers
 in the domestic, transport, and commercial sectors. With the backing
 of strong promoters  GAIL (India) Ltd. and Bharat Petroleum
 Corporation Ltd. (BPCL)  IGL plans to provide natural gas in the
 entire capital region.
 The two main business objectives of the company are - 
 To provide safe, convenient and reliable natural gas supply to its
 customers in the domestic and commercial sectors.
 To provide a cleaner, environment-friendly alternative as auto fuel
 to Delhis residents. This will considerably bring down the
 alarmingly high levels of pollution. 
 The transport sector uses natural gas as Compressed Natural Gas
 (CNG), the domestic and commercial sectors use it as Piped Natural
 Gas (PNG) and R-LNG is being supplied to industrial establishments.
 
 2004
 
 -Indraprastha Gas unveils first online CNG station in Delhi
 
 2006
 
 - Indraprastha Gas Limited has informed that Board in its meeting
 held on October 30, 2006 approved the appointment of Mr. Om Narayan
 as Managing Director w.e.f. September 28, 2006. Mr. A. K. De has
 ceased to be the Managing Director w.e.f. September 28, 2006.
 
 2007
 
 -IGL commences CNG Project activities in Greater Noida
 -IGL gets up government clearance for city gas distribution in noida
 
 -Registered Office of the Company has been shifted From 14th & 15th
 Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001
 To IGL Bhawan, Plot No.4, Community Centre, Sector-9, R. K. Puram,
 New Delhi - 110022.
 
 2008
 
 -IGL to set up PNG central control room in Kaka Nagar
 
 2009
 
 - Indraprastha Gas Ltd has appointed Sh. S Radhakrishnan as Chairman
 of the Board of Directors of the Company w.e.f. January 14, 2009.
 
 - Indraprastha Gas Ltd has appointed Prof. V. Ranganathan as an
 Additional Director on the Board of the Company w.e.f. November 01,
 2009.
 
 -Noidas First Mother CNG Station Inaugurated
 
 -IGL starts Piped Natural Gas supply in Noida
 
 2010
 
 -Indraprastha Gas has recommended 45% dividend i.e. Rs. 4.50/- per
 share.
 
 2011
 
 -Indraprastha Gas has appointed Sh. S. Venkatraman as  its new
 Additional Director and  Chairman of the Company.
 
 -The company has recommended 50% dividend i.e. Rs. 5/- per share
 
 2012
 
 -IGL launches new CNG concept in Delhi
 
 -The company has recommended 50% dividend i.e. Rs. 5/- per share
 
 2013
 
 -IGL acquires 50% stake in Central UP Gas for Rs 70 cr: 
 
 -Indraprastha Gas acquired  Asian Development Bank.
 
Source : Dion Global Solutions Limited
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