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Cheaper natural gas pushes IGL's Q3 consolidated net up 28% to Rs 382 cr

Total income declines 13.5% YoY to Rs 1,621 cr; firm says it is meeting fuel needs of over 1.2 mn CNG vehicles in NCR through a network of 560 CNG stations

Indraprastha Gas Limited
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IGL is the primary supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi and National Capital Region (NCR).

Twesh Mishra New Delhi
Indraprastha Gas Limited (IGL) has reported a Rs 381.83 crore consolidated net profit during the third quarter of financial year 2020-2021. This is 28.40 per cent higher than the consolidated net profit reported by the company in the same quarter of FY 2019-2020. The higher profit is on the back of lower natural gas purchase costs that form a large chunk of the company’s expenses.

IGL spent Rs 606.29 crore for purchases of stock-in-trade of natural gas during the period under review. This is 36 per cent lower than the Rs 940.69 crore it had spent in the same period a

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