GAIL Increases Domestic Gas Allocation to IGL by 31%
Financial Express Hyderabad|January 10, 2025
STATE-OWNED GAIL INDIA has increased domestic gas allocation to Indraprastha Gas Ltd (IGL) by 31% with effect from January 16, increasing the share of domestic gas in the company's CNG (compressed natural gas) segment to 51% from 37% earlier, the company said on Thursday.
FE BUREAU

The company has also tied up additional regasified liquefied natural gas (RLNG) volumes of around 1 mmscmd (million metric standard cubic meters per day) on term basis at competitive prices with one of its major suppliers. "The revision and signing of additional volumes shall have a positive impact on profitability of the company," IGL said.

This story is from the January 10, 2025 edition of Financial Express Hyderabad.

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