Indraprastha Gas Limited (IGL) has taken a significant step towards renewable energy by establishing a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for a solar power project in Rajasthan. This strategic partnership marks IGL's entry into the solar energy sector, diversifying its portfolio beyond its core natural gas distribution business.

Joint Venture Structure

The joint venture agreement outlines a partnership structure that allocates a 74% participation ratio to IGL and 26% to RVUNL. This arrangement positions IGL as the majority stakeholder in the project, reflecting its commitment to expanding its presence in the renewable energy market.

Project Details

The joint venture aims to set up a solar power project in the state of Rajasthan. While specific details about the project's capacity and investment have not been disclosed, the move aligns with India's growing focus on renewable energy sources.

Governance and Management

According to the agreement, the joint venture's board of directors will comprise six members, with IGL nominating four directors and RVUNL appointing two. This structure ensures IGL maintains control over the project's strategic direction while benefiting from RVUNL's expertise in the power sector.

Initial Capital

The joint venture company will start with an initial paid-up capital of ₹5.00 lakh, divided into 50,000 equity shares of ₹10.00 each. This initial capitalization provides the foundation for the company to begin operations and pursue the solar project's development.

Strategic Implications

For IGL, traditionally known for its city gas distribution network, this venture represents a strategic diversification into the renewable energy sector. The partnership with RVUNL, a state-owned power generation company, combines IGL's financial strength with RVUNL's experience in the power sector.

Market Context

This move by IGL comes at a time when many energy companies are expanding their portfolios to include renewable sources. The joint venture aligns with India's national objectives to increase its renewable energy capacity and reduce dependence on fossil fuels.

The formation of this joint venture underscores IGL's commitment to sustainable energy solutions and marks a significant step in its business expansion strategy. As the project develops, it will be interesting to see how this venture impacts IGL's overall business profile and contributes to Rajasthan's renewable energy landscape.

Indraprastha Gas Limited (IGL), a joint venture of GAIL, BPCL, and the Government of NCT Delhi, has announced a significant change in its board composition. The company has appointed Ms. Niharika Rai, IAS, as an Additional Director, effective August 19, 2025, replacing Shri Prashant Goyal.

Key Details of the Appointment

• New Appointment: Ms. Niharika Rai (DIN: 02283087)
• Position: Additional Director
• Effective Date: August 19, 2025
• Current Role: Secretary-cum-Commissioner (Transport), Government of NCT of Delhi

Background and Qualifications

Ms. Rai is an Indian Administrative Service (IAS) officer, bringing her extensive experience in public administration to IGL's board. Her current position as Secretary-cum-Commissioner (Transport) in the Government of NCT of Delhi aligns with Indraprastha Gas Limited's operations in the national capital region.

Board Meeting and Transition

The appointment was made during a board meeting held on August 19, 2025. The meeting commenced at 3:30 PM and concluded at 5:16 PM. Simultaneously, Shri Prashant Goyal ceased to be a Director of the company from the same date.

Additional Information

• Ms. Rai has no relationship with other Directors of the company.
• She is not debarred from holding the office of Director by virtue of any SEBI order or any such authority.
• Ms. Rai does not hold any shares in Indraprastha Gas Limited.

This board-level change comes as Indraprastha Gas Limited continues to play a crucial role in the natural gas distribution sector in the Delhi-NCR region. The appointment of Ms. Rai, with her background in public administration and transport, could potentially bring new perspectives to the company's strategic decisions and operations.