New plants will be strategically located in proximity of high demand growth areas in the states of Gujarat, Maharashtra, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Andhra Pradesh and West Bengal.
The company has posted net profit of Rs.2301.31 crores for the 9 months period ended December 31, 2020
The new facility further expands the company’s capacity and reinforces its leading supply position in Penang to serve the fast-growing customer demand from the electrical and electronics (E&E) and other manufacturing industries
.jpg)
The company's gas sales volume has shown a robust recovery post lockdown.
The company posted net profit of Rs.297.37 crores for the period ended December 31, 2019.
The profitability of the petrochemical segment has increased to Rs. 423 crore in Q3 as against Rs. 170 crore during Q2 FY21.
IGX is pro-actively working in collaboration with the stakeholders to build gas markets ecosystem in the country.
The operations of the erstwhile factory were earlier shifted to the site at Uluberia.
The company posted net profit of Rs.186.05 crores for the period ended December 31, 2019
The Prime Minister pointed out that scarcity of gas was leading to closure of industry in the region.
Asia sales of $718 million increased four percent from the prior year on six percent favorable currency and one percent each higher pricing and energy-pass through.
Gujarat Gas has posted net profit of Rs.197.30 crores for the period ended December 31, 2019.
The facilities are expected to begin operations in 2021
By implementation of CNG MRU concept, customers can avail CNG fuel at their doorstep without waiting at fueling stations.
IGL has successfully connected all these units with the eco-friendly PNG fuel before 31st January 2021.
The company has reported total income of Rs.1195.18 crores during the 9 months period ended December 31, 2020.
The company is also promoting fuel cell technology having lesser carbon footprint.
The new 20 MW PEM electrolyzer, equipped with Cummins technology, is the largest operating unit of its kind in the world and will help meet the growing demand for low-carbon hydrogen in North America
The company has entered into a definitive agreement for making capital contribution up to US $50 million in Breakthrough Energy Ventures II
IGX is also the first gas exchange in the country to have secured authorization from Petroleum and Natural Gas Regulatory Board (PNGRB) under recently notified Gas Exchange Regulations 2020.
Subscribe To Our Newsletter & Stay Updated
