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Business
IGL Plans to Acquire Stakes in City Gas Distribution Companies, Says Chairman
✍️ business-standard.com
🗓 24 Sep 2026, 09:37 PM
👁 13
Indraprastha Gas Limited (IGL) is exploring the purchase of equity stakes in city gas distribution firms, the company's chairman told Business Standard.
Indraprastha Gas Limited (IGL) has indicated its intention to acquire equity positions in city gas distribution (CGD) companies, according to a statement made by the chairman to Business Standard. The move is aimed at broadening IGL's presence in the urban gas market and strengthening its distribution network across multiple cities.
The chairman emphasized that the prospective investments will be evaluated on strategic fit and potential to enhance the company's service capabilities. No specific targets or financial details were disclosed at this stage.
Industry observers note that such acquisitions could consolidate IGL's position in the competitive CGD sector, which is witnessing increased demand for clean cooking and transportation fuels.
IGL's pursuit of stakes aligns with broader trends of consolidation among gas distributors seeking scale and operational efficiencies.
The company will reportedly conduct due diligence and engage with regulators before finalising any transactions.
The chairman emphasized that the prospective investments will be evaluated on strategic fit and potential to enhance the company's service capabilities. No specific targets or financial details were disclosed at this stage.
Industry observers note that such acquisitions could consolidate IGL's position in the competitive CGD sector, which is witnessing increased demand for clean cooking and transportation fuels.
IGL's pursuit of stakes aligns with broader trends of consolidation among gas distributors seeking scale and operational efficiencies.
The company will reportedly conduct due diligence and engage with regulators before finalising any transactions.