Indraprastha Gas (IGL), a JV of GAIL, Bharat Petroleum Corporation (BPCL) and Delhi Government, has drawn up a Rs 2,000 crore plan to expand its footprint across several segments in three years. The funds are to be raised through internal accruals and debt from domestic market.

IGL supplies piped natural gas (PNG) to nearly 1.75 lakh households in Delhi and the National Capital Region. The company aims to add another five lakh customers within next four-five years. It will spend Rs 1,000-1,100 crore in expanding PNG network.

IGL is also likely to bid for PNG distribution in new cities in partnership with other players such as BPCL, GAIL and Reliance Industries (RIL).

The company plans to add 55 CNG pumps to its present network of 191 retail stations in NCR before the Common Wealth Games. It will cost the company close to Rs 600-800 crore. Additionally, it is to open 18 new fuel stations in Ghaziabad and five in Noida in 2010-11.

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Indraprastha Gas signs GSPA with RIL (14-Aug-09)