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Good times for GGD now before disruptive technology begins to bite-II: IGL outlook bright
Dec 26:
Indraprastha Gas Ltd (IGL) is one company whose short to medium term outlook is bright
8The fact that it operates in Delhi, one of the most polluted cities in the world, is a big advantage. Steps such as the banning of new registrations of all diesel vehicles above 2000cc help the company.
8City buses and taxis are now increasingly getting converted to CNG.
8The Delhi government has also helped IGL in getting faster clearances for new gas stations
8The penetration for CNG vehicles in the NCR region stands at around 28% and while PNG inroad is around 18%. This is expected to rise under a stricter regulatory regime.
8The economic advantage for using gas is higher for a consumer than petrol and this will further aid volumes as the user base matures.
Click on Reports to find out more on the company and how its financials are likely to behave in the future
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8The fact that it operates in Delhi, one of the most polluted cities in the world, is a big advantage. Steps such as the banning of new registrations of all diesel vehicles above 2000cc help the company.
8City buses and taxis are now increasingly getting converted to CNG.
8The Delhi government has also helped IGL in getting faster clearances for new gas stations
8The penetration for CNG vehicles in the NCR region stands at around 28% and while PNG inroad is around 18%. This is expected to rise under a stricter regulatory regime.
8The economic advantage for using gas is higher for a consumer than petrol and this will further aid volumes as the user base matures.
Click on Reports to find out more on the company and how its financials are likely to behave in the future
