Delhi: IGL will make gas meters, lines up Rs 1,100 crore war chest

NEW DELHI: Indraprastha Gas Ltd (IGL), the country’s largest CNG and PNG service provider by sales and number of vehicles serviced, will soon start manufacturing household gas meters to reduce dependence on imports from China and secure a piece of the Rs 4,390 crore market for such ancillaries expected to open up as the government expands city gas service to 407 districts.
IGL managing director E S Ranganathan said the company was ready with a Rs 1,100 crore investment plan for expanding CNG stations and pipeline network to meet an expected double-digit growth in city gas demand in 2020-21. The company will have 559 CNG stations by the end of the month and plans to add another 60 in 2020-21. IGL took piped gas to 2.8-3 lakh homes in the current fiscal and will maintain the same pace in 2020-21.