Indraprastha Gas Ltd, India’s main CNG retailer, has reported a 41 per cent soar in third quarter web revenue, because the agency recorded larger gross sales of CNG to cars and piped cooking gasoline to households and industries. The firm clocked a web revenue of Rs 392.07 crore in October-December – the third quarter of present fiscal that began in April 2023 – in comparison with Rs 278.26 crore in the identical interval within the earlier yr, it mentioned in an announcement.
IGL operates metropolis gasoline distribution (CGD) networks throughout 30 districts in 11 geographical areas throughout 4 states of Delhi, Uttar Pradesh, Haryana and Rajasthan. The firm mentioned it “registered an overall sales volume growth of 4 per cent over the corresponding quarter in the last fiscal, with the average daily sales going up to 8.48 million standard cubic meters per day from 8.12 mmscmd.” “Product smart, CNG recorded gross sales quantity progress of 4 per cent within the quarter, whereas piped pure gasoline (PNG) recorded gross sales quantity progress of 5 per cent in the course of the quarter, as in comparison with the corresponding quarter of final yr.
Within the PNG phase, home PNG confirmed a progress of 11 per cent in the course of the quarter, whereas the expansion within the industrial PNG phase was 12 per cent in the course of the quarter over the corresponding quarter, it mentioned. Revenue in the course of the quarter fell to Rs 3,906.60 crore, as in comparison with Rs 4,072.93 crore in the course of the third quarter of FY’23, attributable to rationalisation of worldwide gasoline costs.
IGL meets gas necessities of over 1.6 million automobiles operating on CNG by way of a community of 802 CNG stations. It has linked over two million households in cities like Delhi, Noida, Greater Noida, Ghaziabad, and components of Kanpur, with PNG.
