City Gas Distribution

The agreement also serves a strategic purpose as it aligns with the government's push toward a gas-based economy and clean energy access in the North-eastern region.

Indraprastha Gas to increase capex by 20% in FY26, eyes acquisition of smaller CGD firms: Managing Director KK Chatiwal

The acquisition of smaller CGD companies would increase the number of geographical areas (GAs) under IGL, which currently has 11 GAs across 32 districts in the country.

City gas distribution firms post strong Q3 results despite market headwinds

India’s City Gas Distribution is expected to nearly double from $11.33 billion in 2025 to $20.93 billion by 2030

IGL confirms further 20% cut in priority gas allocation, says exploring options

Confirming that the development will "adverse impact profitability", IGL said it is exploring all options to address the issue.

Adani Total Gas secures financing of $375 million from global lenders for CGD business expansion

The expansion would deepen the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, creating an ecosystem for a gas-based economy, the company said.

MC Interview: Indraprastha Gas doesn't see room for further price cut unless APM gas allocation increases, says MD

Managing Director Kamal Kishore Chatiwal said IGL has kept prices lower than other players, adding that the company has plans for expansion and would require an influx of capex for it

Exclusive: PNGRB advocating reasonable returns for CGD cos, concerned over extra profits

Member Gajendra Singh said PNGRB has now started working on collecting data for CGD companies' distribution charges to examine prices charged by them.

BPCL, HPCL, Oil India bag license for building gas infra in J&K, Northeast

Minister of Petroleum and Natural Gas Hardeep Singh Puri said investment for the 12th CGD bidding round is expected to be Rs 41,000 crores, generating considerable employment opportunities.

Govt launches 12th CGD bidding round offering areas in North-East, Union Territories

In the 12th CGD bidding round, the government has offered seven geographical areas (GAs) spread over five states and two union territories, covering 92 districts. The five states include Arunachal Pradesh, Meghalaya, Manipur, Nagaland and Sikkim.

Oil India approves equity contribution of Rs 1,738 crore in JV for North East gas distribution

Oil India holds 49 percent shareholding in NEGDCL, which was incorporated in July this year for the distribution of piped natural gas in the Northeast states.

CGDs expected to perform better amid soft prices, higher demand

Mahanagar Gas Ltd is expected to post stronger volume growth because of Maharashtra State Transport’s plan to add 800 new buses, higher conversion run rates of CNG, and stronger price competitiveness compared to alternate fuels

Piped natural gas growth remains slow in India despite government push

According to government data, over one crore PNG connections had been provided by city gas distribution companies as of January 31.

Mahanagar Gas scouts for acquisitions as organic growth opportunities limited: MD

The company will also explore equity opportunities in the electric mobility and hydrogen value chain space, says Ashu Shinghal.

Shares of city gas distributors surge as spot LNG prices drop

CGD players Indraprastha Gas, Mahanagar Gas and Gujarat Gas ended the day with gains of 3.07 percent, 1.45 percent and 1.55 percent, respectively.

CLSA commentary fires up Indraprastha Gas, Mahanagar Gas and Gujarat Gas shares

“The return of pricing power will bring back earnings stability and growth similar to FY16-20 and once again make IGL and MGL attractive,” CLSA pointed out.

Hopes of margin recovery in FY24 may keep City Gas Distributors in focus

While FIIs are cautiously selling Indian equities, they have started buying shares of CGD companies.

High gas prices weigh on Q3 results of city gas distributors

While Indraprastha Gas Ltd (IGL) reported a decline in net profit in Q3, Mahanagar Gas Ltd (MGL) and Gujarat Gas Ltd (GGL) missed on volume expectations in the quarter.

IGL and MGL: CGD sector is in a spot of bother, any upside left? 

The CGD sector is heavily dependent on priority sector gas allocation, which has come down to around 90-93 percent, forcing them to use expensive contracted & spot LNG gas to fill the gap

High imported natural gas prices unlikely to move inflation needle in India 

Unlike Europe, India seems to be better able to withstand higher gas prices for now 

Adani Total Gas cuts PNG, CNG prices after govt intervention

The reduction in gas prices has been effected from August 17, 2022 across 19 geographical areas covered by the company.

Adani Total Gas says domestic gas allocation remained low in Q1FY23

The company said there was also a lower allocation of APM gas during the quarter which has impacted the gas cost as well as the gross margins.

Adani Total Gas to invest Rs 20,000 crore in CGD sector in next eight years

The company said it had an existing commitment to invest Rs 8,000 crore, to which another Rs 12,000 crore would be added to develop the 14 new geographical areas (GAs) it bagged recently in the 11th round of bidding by the Petroleum and Natural Gas Regulatory Board (PNGRB).

BPCL gains 2% after winning bid for city gas distribution networks

The city gas distribution footprint of BPCL, along with its joint ventures, will now extend to 48 geographical areas covering 94 districts in 18 states.

IOC to invest Rs 7,000 crore in city gas after it secures 33% market potential areas

IOC's acquired GAs include major districts like Jammu, Pathankot, Sikar, Jalgaon, Guntur (Amravati), Tuticorin, Tirunelveli, Kanyakumari, Madurai, Dharmapuri and Haldia (East Midnapore).

MEIL bags 15 city gas distribution projects in 9 states

The Petroleum and Natural Gas Regulatory Board (PNGRB) had earlier called for the 11th round of bidding of CGD projects for 65 geographical areas (GA) across India, it said on Friday.