City gas distributor Indraprastha Gas Ltd (IGL) has announced a 67% increase in capital expenditure for FY26, aiming to diversify beyond its core business into solar energy, liquefied natural gas (LNG), and compressed biogas (CBG).
🔴 Key Highlights:
- IGL’s capex jumps to ₹2,000 crore, up from ₹1,200 crore in FY25.
- ₹1,400 crore allocated for core city gas distribution (CGD), while ₹600 crore set aside for diversification.
- IGL to establish a 500 MWp solar power plant in Rajasthan’s Bikaner, in partnership with Rajasthan Vidyut Utpadan Nigam (RVUNL).
- Plans to set up 10 CBG plants and six to seven retail LNG stations in FY26.
📢 Managing Director Kamal Kishore Chatiwal’s Statement:
- “Diversification will help mitigate risks from electric vehicles (EVs) and other industry shifts. We don’t know how EV policies will evolve, so we must adapt.”
⚠️ Strategic Impact:
- Strengthens IGL’s position in India’s clean energy transition.
- Reduces dependency on traditional gas distribution, ensuring long-term sustainability.
- Expands renewable energy footprint, aligning with India’s net-zero goals.
👉 What do you think? Will IGL’s diversification strategy secure its future? Drop your thoughts in the comments!
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