Indraprastha Gas: Promising pipeline
Entry into new markets and rising product price differential vis-a-vis competing fuels favour the company
On the face of it, the recent June 2017 quarter performance of Delhi-based city gas distributor Indraprastha Gas was underwhelming – the company’s net profit (₹161 crore) grew just about 9 per cent year-on-year, far less than what it was in the preceding four quarters. But this was due to two factors. One, a provision of ₹10 crore made for increase in land lease rentals claimed by Delhi Developmen...
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