(ET)
Indraprastha Gas Limited (IGL) has rolled out more than two lakh new PNG (piped natural gas) connections and expanded its CNG (compressed natural gas) network to 500 stations by setting up 54 new outlets in 2018-19, company chairman Gajendra Singh told shareholders on Monday. Singh, who is also director (marketing) of state-run gas utility GAIL, said the company will invest Rs 1,170 crore in 2019-20 to build new CNG stations and create pipeline infrastructure in its present and prospective markets.
The rapid netwrok expansion pushed by company MD ES Ranganathan has made IGL the largest CNG retailer in the country and raised its total installed compression capacity to over 84 lakh kg per day. Simply put, higher compression capacity means the company can fill more vehicles in lesser time. CNG sale to industrial and commercial customers too grew 13% during the last financial year under the watch of director (commercial) Amit Garg.
