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Indraprastha Gas To Benefit From Supreme Court Ban On Pet Coke, Furnace Oil

IGL reported strong volume growth in the September quarter aided by PNG business.

BQ Desk
An auto rickshaw driver stands waits while his vehicle is refueled with compressed natural gas (CNG) at an Indraprastha Gas Ltd. gas station in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

Indraprastha Gas Ltd. (IGL) reported a healthy volume growth in the July-September quarter, with the PNG segment growing at a faster rate. The company expects demand to rise following Supreme Court’s ban on the use of pet coke and furnace oil, ES Ranganathan, Managing Director of Indraprastha Gas told BloombergQuint.

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