Indraprastha Gas Limited (IGL) has reported a Rs 3.81 billion consolidated net profit during the third quarter of financial year 2020-2021. This is 28.40 per cent higher than the consolidated net profit reported by the company in the same quarter of the previous year. The higher profit can be attributed to lower natural gas purchase costs that form a large share of the company’s expenses. Moreover, total income during the quarter ended December 31, 2020 declined by 13.5 per cent to Rs 16.21 billion, from Rs 18.75 billion in the quarter ending December 31, 2019.
IGL is the primary supplier of compressed natural gas and piped natural gas in the national capital territory of Delhi and national capital region. The company’s city gas distribution infrastructure consists of over 15,000 km of pipeline network.