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.

Indraprastha Gas Limited (IGL), a leading city gas distribution company, has reported a mixed financial performance for the first quarter. The company's net profit declined by 11% year-over-year, despite an increase in revenue and sales volumes.

Financial Highlights

• Net Profit: ₹355.94 crore, down 11% from ₹401.45 crore
• Revenue from Operations: ₹4,326.60 crore, up 11% from ₹3,887.52 crore
• EBITDA: ₹511.75 crore, decreased 12% from ₹581.85 crore
• EBITDA Margin: Compressed to 13% from 17% in the same quarter last year

Operational Performance

IGL witnessed growth in its gas sales volumes across segments:

• Total Gas Sales: 830.87 million standard cubic meters, up 6%
• CNG Volumes: Increased by 5%
• PNG Volumes: Rose by 7%

Segment-wise Performance

Key Factors Affecting Performance

The company's profitability was impacted by several factors:

1. Trade Margins: New rates were implemented following the renewal of commercial contracts with Oil Marketing Companies, effective from December 1, 2021.
2. Increased Expenses: Total expenses rose to ₹3,940.87 crore from ₹3,426.14 crore in the same quarter last year.
3. Subsidiary Performance: IGL's subsidiary, IGL Genesis Technologies Limited, recorded a net loss, with IGL's share being ₹1.30 crore.

Consolidated Results

On a consolidated basis, including its associates, IGL reported:

• Net Profit: ₹427.81 crore
• Total Comprehensive Income: ₹427.73 crore, compared to ₹479.42 crore in the same quarter last year

Future Outlook

Indraprastha Gas continues to focus on expanding its city gas distribution network. The company's ability to manage costs and improve operational efficiency will be crucial in the coming quarters to boost profitability amidst growing sales volumes.

Investors and analysts will be watching closely to see how IGL navigates the evolving energy landscape and regulatory environment in the coming months.