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MOSL: OIL & GAS (CGDs): Building India’s energy future together; Key business perspectives from the annual reports of IGL, MAHGL, and GUJGA

OIL & GAS (CGDs): Building India’s energy future together; Key business perspectives from the annual reports of IGL, MAHGL, and GUJGA

 

• With CGD operations set to start in newer geographies, their contribution to total natural gas consumption in India is expected to grow in the coming years from the current 20%.
• The government has taken various measures in FY21, including the start of an Indian Gas Exchange and revision in its transport tariff policy, which would aid growth of the industry and transform India into a vibrant gas market.
• Here are the key takeaways from the annual reports of all listed CGDs: 

Companies witness customer additions across all segments

• IGL added 0.3m new PNG connections, which is the highest number of connections provided by any CGD in a single financial year, taking its total number of consumers to 1.7m. Comparatively, MAHGL added 83,198 consumers, taking its total household count to 1.25m. GUJGA added 102,000 households, taking the total number to 1.54m.
• GUJGA's addition of new CNG stations stood at 150 (the highest in its history). For IGL, the same stood at 62, while MAHGL added only 15 CNG stations. This takes IGL's total CNG stations to 612, GUJGA: 546, and MAHGL: 271.
• GUJGA services more than 4,000 Industrial and 12,900 Commercial customers. IGL services over 6,600 Industrial and Commercial consumers. MAHGL services 4,110 Commercial and 82 Industrial consumers.
• In terms of pipeline infrastructure, GUJGA remains way ahead of the other two, with a total network of 30,000km (MDPE/steel), while IGL and MAHGL has a total network of 16,527km and 5,916km, respectively.