Indraprastha Gas Limited (IGL) is exploring the acquisition of stakes in existing city gas distribution companies as it expands its urban energy network, Chairman Subhankar Sen told shareholders at the company’s 27th annual general meeting.
The company, described as India’s largest compressed natural gas distribution company, currently operates city gas distribution infrastructure across Delhi, Noida, Greater Noida, Ghaziabad, Faridabad, Rewari, Gurugram, Karnal, Kaithal, Fatehpur, Ajmer, Pali, Rajsamand, Hamirpur, Shamli, Muzaffarnagar, Banda and parts of Kanpur and Meerut.
IGL’s network spans 32,000 km of pipelines and serves more than 2.1 million vehicles through over 1,000 CNG stations. The company added 70 CNG stations during 2025-26, taking its total to 1,024. Its possible acquisition strategy could allow the company to expand its presence in existing city gas distribution markets, although Sen did not disclose the companies or stakes under consideration.
The company also added more than 3.70 lakh domestic piped natural gas connections during the financial year. IGL has now connected over three million households in the cities where it operates, making its network a significant part of residential cooking-fuel infrastructure as well as urban transport supply.
Sen said IGL was examining renewable energy to replace conventional grid power used in its operations. The company has signed a joint venture agreement with Rajasthan Vidyut Utpadan Nigam for a 500 megawatt greenfield solar power plant in Rajasthan. It has also floated a tender for setting up another 200 MW solar plant in the state.
The proposed renewable capacity would add an electricity-generation component to a company whose urban infrastructure is primarily associated with gas distribution. The move comes as IGL seeks to reduce the carbon intensity of the energy used across its operations, while continuing to expand CNG and PNG access.
Sen also linked the government’s GOBARdhan initiative with the city gas distribution network. He said the programme could complement CGD infrastructure and contribute to reducing the carbon intensity of the energy mix. The statement did not provide details of specific projects, quantities of biogas or timelines for integration with IGL’s network.
As part of its backward integration plans, IGL has established IGL Genesis Technologies Ltd, a joint venture for manufacturing meters. Commercial production of the meters has recently started, according to Sen. The move gives the company an internal manufacturing capability connected to the metering requirements of its expanding gas network.
The chairman said the previous financial year had brought significant challenges for the global energy sector. Geopolitical tensions, particularly in West Asia, and disruptions to important energy supply routes affected energy availability and costs, creating greater volatility in gas and other energy prices.
IGL’s announcement therefore combines expansion of urban gas infrastructure with efforts to secure supporting systems and diversify energy inputs. The company’s next stated steps include pursuing potential stakes in existing CGD firms, progressing the 500 MW solar joint venture, advancing the 200 MW Rajasthan solar tender and scaling commercial meter production.
