Thank you, Neerav. Good afternoon, everyone.

I would like to welcome everyone for making the time to attend this call and would like to welcome the senior management who has made the time to do this post-result call. The format will be pretty similar to what is normally done.

We would ask the management for their opening remarks and then we would have an interactive Q&A session. We have with us senior members of the management of IGL, including Mr.

Kamal Kishore Chatiwal, the MD; Mr. Mohit Bhatia, the Director Commercial; Mr.

Sanjay Kumar, the CFO; and Mr. Manjeet Singh, the VP Finance.

Without further ado, I would like to hand over to the management for their opening remarks. Sir, over to you.

A very good afternoon to all of you. I am Kamal Kishore Chatiwal, Managing Director, Indraprastha Gas Limited.

On behalf of the management, I take pleasure to welcome you all for our earnings call on the financial results of FY 2025-26. We appreciate your continued trust and supportive partnership of our company.

We thank you for taking the time to join us today. With the geopolitical volatility in West Asia, CGD industry has faced challenges in gas sourcing due to volatility in the gas supply and pricing, yet the company has demonstrated resilience through disciplined execution and clear focus on our long-term strategic priorities and strengthen of our operating model.

Before heading to the Q&A rounds, I wish to highlight the key performance results for FY 2025-26 based on the results declared yesterday evening. We have achieved the average sales volume during the current year at 9.39 mmscmd as against 8.99 mmscmd in previous financial year and a substantial increase of 10% in CNG sales volume in kg terms if the declining sales from DTC and DIMTS are excluded.

DTC sales volume have reached to 3,000 kg per day in the last quarter and is expected to be nil in coming quarters in coming quarter. We have achieved sales volume increase of 17% in our new GAs.

There is an 8% increase in gross turnover since the previous year at ₹17,785 crores as against ₹16,340 crores in the previous year. We have earned healthy EBITDA of ₹1,850 crores during current year, though a decline of 6% over previous year, and a PAT of ₹1,364 crores, down by ₹103 crores as compared to the last year, due to one-time impact of reversal of OMC margin of ₹114 crores in the previous year.

Despite the increasing gas price amid international crisis with the activation of force majeure clause by our suppliers, we are able to maintain EBITDA in the current year. With the the National PNG Drive 2.0 to accelerate clean energy transition and natural gas adoption requiring surrender of LPG connections wherein PNG pipeline connectivity is available, we are expecting substantial increase of 3 to 4 lakh billed customer per year as against the usual 2 to 2.5 lakh that we were doing, and a growth of 20% in domestic sales volume in upcoming years.

We are quite hopeful that with the gas sourcing arrangement in place, increasing pipeline infrastructure with planned capex of ₹1,400 to ₹1,500 crores in the coming year, volume growth seen in the new GAs, we can plan to achieve sales volume of 10.6 mmscmd at exit of FY 2026-27. We remain committed to driving sustainable growth, improving operational efficiency, and creating long-term value for all stakeholders.

Now I would like to invite our Director Commercial for his opening remarks.

Thank you. Good afternoon, everyone.

I am Mohit Bhatia, Director Commercial of IGL, and I am pleased to welcome all our investors, analysts, stakeholders, and the members of the financial community joining us today. Thank you for joining us for our company's earnings conference call on the financial results declared yesterday for the year ended 31st March '26.

As Managing Director has highlighted some of the points relating to the annual performance of the company from the results of the financial year 2025-26, let me add some of the perspective from my side. We have witnessed a 5% increase in CNG volumes during the current year, 9% annual increase in domestic PNG volumes with 13% increase in particularly Q4 of this year as compared to Q4 of the previous year.

With ongoing PNG Drive 2.0, there is a 4% increase in industrial sales and 9% increase in commercial sales in the current year over the previous year. I'm pleased to mention that we have clocked 10.2 mmscmd of the sales during the month of February '26 itself.

We have also crossed a mark of 1,000 CNG stations during the current year with the total number clocking to 1,024, assuring greater penetration and ease in availability of cleaner fuel mobility solutions. Increased steel pipeline network by 250 km and MDPE pipeline by 2,470 km.

Our domestic connections have increased by 3.7 lakhs during the current year, and we have witnessed an increase of almost 2 lakh plus customers in our billed domestic customer base. As far as Q4 is concerned, we have achieved 6% increase in gross turnover, EBITDA of ₹423 crores, that is ₹4.85 per scm, and PBT of ₹385 crores, in scm terms ₹scm terms ₹4.41 per scm, in the current quarter.

With the annual surge in the average new CNG vehicle additions post GST 2.0 and conversions are clocking at around 23,040 with an average increase, and in the later half of the month, it was almost touching 26,760 vehicles per month. We are expecting substantial increase of 10% to 13% in CNG sales volume growth in the upcoming year.

We are also pleased to inform that we have commissioned our second LNG station, that is at CONCOR Dadri, a step towards long-haul trucking mechanism. With the introduction of two-zone traffic regime in the later end of the current year in place of three-zone structure to determine pipeline transmission cost for CNG and domestic customers under Zone 1, regardless of the geographical area, we are expecting lowering of gas cost in the coming year for CNG and domestic consumers and recovery of our declining profits and reduced cost.

On behalf of the management, I assure you sustainable revenue growth, market expansion, and enhanced value delivery to customers despite dynamic business environment through geopolitical turbulence through a growth-driven, disciplined execution of strategies and customer-centric. With this, I welcome you all once again, and open the session for Q&A.

Thank you.

Good afternoon, sir. I've got three questions.

Firstly, this volume guidance that you have given, 10.6, is it average volumes or exit volume for FY '27?

This is the last quarter exit guidance.

Exit volume. This 10% to 13% growth in CNG also, that is also incorporated in this 10.6 exit volume.

Is that right?

Yes, yes.

Okay. Second question is on your EBITDA per scm guidance for FY '27 as well as long term.

That will be ₹7 to ₹8 per scm. Maybe the first quarter would be challenging, but we are making efforts to bring it back to ₹7 to ₹8.

Okay. Also, what was the capex for FY 2026?

₹1,172 crores.

₹1,172 crores. Just one last question.

Your domestic PNG currently, what is the base and out of which how much is burning customers? Connected as well as burning versus connected and non-burning.

Actually our total connected customers are close to 34.4 lakhs, and out of that, you can say the billed ones is 24.5. Balance now with this PNG Drive push and plus the control orders from the government, we are expecting that, and also seeing, that there is a lot of demand from customers to switch to PNG.

Every day, as you are aware, the National PNG Drive is going on, where IGL is the best performing among all the companies. Till now for PNG Drive, we have done I would say 1.6 lakh connections have been done, and our target is 3.5 lakh connections.

That is the billed connection, not the infrastructure, but the billed ones. Earlier, we used to do around 2.25 kind of numbers, 2.25, 2.5.

That will increase to 3.5.

3.5 billed customers which you're talking about, right?

Yes, yes, yes.

The

Increase from say 24.5, that will be the increase.

Just a small follow-up. How fast do you think it is achievable?

Is there any project-related issues or it is just the customer's mindset which can immediately lead to this conversion, because I think the connectivity is already done.

I will tell you that actually we are in an advantageous position in the sense that there are 5 lakh connections where very little is to be done. Say just to give an example, we have close to 14,000-15,000 connections in defense establishment where the connection is provided even to the servant quarters.

It is only that earlier they were getting some quota for LPG, they were a little reluctant. Now the MOD, Ministry of Defence, has issued some guidelines, and there is a huge conversion there.

There we need not do anything, only the customer if he comes in, and there are some teething issues with respect to NOC and other things, that we are sorting it out. Other than that, infrastructure-wise there is no such major issue.

Only the customer has to give his consent, and we will start the gas. Those are the numbers that 5 lakh connections are such connections where very little is to be done and we can immediately start.

Only the request has to come from customers.

Got it. Thank you so much, and all the best.

Good afternoon, sir, and thank you for the opportunity to participate. I don't have any questions about the quarterly performance or about the recent margins, but I do have some observations to share, and these are really a reiteration of what I had suggested earlier to IGL.

Please permit me a few minutes to present this observations.

See, I think that Yes, please go ahead.

I think, sir, that IGL needs to do more and be a little more proactive in terms of communication. While it is true that periodically any company's performance will face ups and downs, it is important that the company presents to the investment community the correct picture about its own competitive position and why, in your opinion, there's really nothing wrong with the company's ability to compete in the marketplace.

In the past several months, there have been negative perceptions around IGL that are floating around in the investment community, and I wish to share a couple of them with you. For example, there's a fear that the electric vehicles will swamp out the CNG vehicle industry.

Number two, the fresh registrations for auto rickshaws or two-wheelers will not be given in Delhi if the vehicle is not an electric vehicle. These have actually created negative perceptions around IGL.

Now I really think, sir, it is part of the duty of IGL to put out facts in the public domain to dispel fears of this kind. Point number one, why should there be licenses for CGD businesses given to 300 cities if gas is meant to be discouraged?

Number two, how can India meet its commitments to Paris climate accord if gas is not used extensively? Number three, what is the present level of new vehicle registrations in Delhi and NCR for CNG vehicles?

Number four, why will gas continue to be a transition fuel for at least 15 years more, if not longer? Number five, what is the company doing to diversify its geographic presence?

Now, IGL's ability to compete in the marketplace is beyond doubt, but being reticent about your own strengths is not what is required now. That is my observation, sir.

Thank you for the opportunity.

Thank you for valuable advice. I would say first suggestion is very well taken, and in that line, in fact, we have created one advocacy group, because we need to reach out to many, many people, including the investing community.

That part we are doing. As far as electric is concerned, there have been some positive developments, because recently Haryana has notified a EV policy, in which for aggregators, only CNG and EV have been allowed.

It's similar to what the Delhi policy was earlier. That is a very, very positive development.

Second is that now the aggregator part in the Delhi EV policy, the debate is clear that CNG would be allowed in that aggregator part, the four-wheeler part. Only the challenge would be three-wheeler.

That also we are commissioned a study, and the report is yet to come, with TERI, and now we are also doing some tests with iCAT and ARAI. Those if they are shared with the decision-makers, I think that will give a confidence to them also that CNG is a cleaner fuel as compared to the perception right now they have or some of the lab readings that they have got.

We don't know the source of those readings. Those are the things that we are working on.

We don't see gas as a transition fuel. We believe it is a destination fuel simply because now all the feature or renewable fuels like CBG, hydrogen, the feature fuel, they can be blended in the existing infrastructure that can be used to blend those.

Now similar to the ethanol story, if CBG say mandate is today 5%, IGL has taken 10%. Now going forward, that can also be increased to 20%, 25%, and add to that if you blend hydrogen into that network, it becomes a future-ready network.

That in that sense our network is very resilient, and if you can blend some of these feature fuels or the renewable fuels into natural gas, so that should support us. Your other questions were related to new GAs.

We have given acceptance for Haryana and Gurgaon and Faridabad. Those are the two new geographical areas that we will be working on.

In addition to that, now that the push for PNG is more and some of the players, the weaker players, may opt to go out, and then those opportunities would be available to us. We are open to those, and The third one which you said on the registration of the CNG vehicle, some data, some statistics I would like to share with you.

Like I mentioned in my opening remarks also, around 23,000 on an average monthly basis the new addition of CNG vehicle is happening across IGL Delhi and entire other GAs, out of which Delhi contribution is coming roughly around 40% and 60% Noida, Ghaziabad, and other GAs it is happening. If we see in the later half of the year, it touched to almost 26,000 also after the GST 2.0 came and it got reduced from 28% to 18%.

Secondly, if we see the segment-wise data, CNG last year contributed to almost 34%, and petrol vehicles contributed to around addition was 35%, diesel was 20%. Yes, EV is picking up.

As MD also said, it was around 8% to 10%. I think CNG it's going on very, very healthy numbers.

See,

thank you for the feedback. My only request is that let's make it a regular exercise that you put out these numbers and these details in the public domain through either a presentation on your own website, etc., so that we need not have to wait for an analyst meet or something like that to ask these questions.

That's the only request I have.

Yeah. I think your point is well taken, and we'll come out with certain mechanism so that timely, more effective communication and something on the website will be also published.

Okay. Thank you, sir.

Thank you for your time.

Thank you.

Hi, sir. Thank you for taking my question.

My first question is on the Haryana policy bit, that was there in the news. In terms of the implementation and just going through, what would be the next steps that will kind of happen in terms of adopting cleaner fuels in Haryana?

That's my first question.

Okay. As I think MD also just shared that I think yesterday only some EV policy and CNG policy of Haryana that has come, wherein the aggregators' case, they have preferred to go for CNG and EV on a tandem basis and further curtailment of petrol vehicles and all.

Since we have also gone ahead with the acceptance of the GA Haryana, in particularly Faridabad and Gurgaon, I think it will be a beneficial this thing for IGL. Sure.

In terms of volumes, any number that you can kind of share that, in terms of incremental volume, any assessment that you have done that how much See,

I think so whatever area we have presently of Gurgaon, we have a very limited area, 1/3 of the area, but going forward, I think another 1/3 we will be getting. The Gurgaon, I think a lot of potential is there in terms of vehicular addition and going forward, it is almost we are selling around 2 to 2.5 lakh of CNG per day, whereas our competitors with other CGD entities, they are almost touching around 8 lakhs to 1 million.

With this, because in CNG what happens if you have a CNG station at the bordering areas and with the price competition and other services, I think you can attract a lot of volume from the competitors also.

If I may supplement that, when we were looking at the vehicle conversion GA-wise, we find that Gurgaon is one of the promising one where after Delhi, the number of conversion there are on the higher side, like 6,000 as against 10,000 in Delhi. The conversion rate in Gurgaon is also very high, and that we feel would benefit us.

If we talk about the penetration, Gurgaon has one of the highest penetration among our GAs. It is around 47%.

All the new vehicles which are sold in Gurgaon, 47% is on CNG. We already see high penetration there, and given the continuance of CNG in the new policy as an aggregator fuel, I think it supports our current position and probably it will help us in higher growth in Gurgaon.

Sure, sir. That's quite helpful.

Just on the margin bit, if you can just help us with the incremental gas price hike that would be needed on basis of the current gas cost for us to kind of maintain the EBITDA per scm. If you can just give us some indicative number and your gross gas cost split as of now in terms of sourcing?

In terms of sourcing, you can say it's a 50-50 mix, that 50% is RLNG and 50% is domestic, and out of that, 6% to 7% would be HPHT gas and 43% to 44% is APM and new well, and that keeps on changing the mix, but you can say 60% is APM, 40% is new well. Based on that, the situation is very, very dynamic.

What we feel is that we had taken a price hike of ₹3, that should help the EBITDA margin, and going forward, we are watching the situation, and based on our assessment, we'll take a call on any price increase if required.

Sure, sir. If another ₹4 to ₹5 would be needed, this is how things are going?

I can only share that the input cost has increased by around 25% as of now. Tomorrow if the situation improves, the crude comes down to say 70, 80 levels, then I think the input cost will get improved.

In that sense, so as of now, we can't tell you how much is needed for us to maintain ₹7 to ₹8 for the entire year. Because the year has just started, and because our strategy has always been to have a balance between growth and EBITDA margin.

Margin guidance ₹7 to ₹8 is a very reasonable expectation that we feel, and growth, the conversion numbers are very, very robust, that in the last quarter, that was around 27,000, year average was around 23,000. If we have to maintain that momentum, I think that would be one factor which will weigh on our minds.

Just to add, let us not take the EBITDA number at a particular point of time. Rather let us see as an average quarterly average or annual average.

In that sense, whatever MD sir has said that ₹7 to ₹8 is something which we are looking at, and over a period of 1 year, we will be able to achieve that.

Sure, sir. Thanks a lot.

That's it from my side.

Thanks for an opportunity, sir. You just mentioned that input gas cost on an overall level has gone up by 50% or 15%, sir?

25%.

Okay. Is it a right to assume a gas cost per unit in a Q4 was approximately 36.8 per scm, that has gone up by 25%, is that a right understanding?

No, no. It is not in the last quarter, but I was talking from the pre-war levels.

So 32 kind of number.

Okay. Okay.

Fair enough, sir. Second question, sir, considering ₹3 per kg CNG price hike and exchange rate remains the same at a current level, then can we expect a EBITDA in the range of ₹6 plus in a Q2?

Actually we are watching the situation, especially with respect to alternate fuels, competing fuels also. That has been our endeavor that whatever we were at 5.4 in the first we finished at 5.4.

Whatever is needed to reach 7, we will take those measures.

Sir. Few data keeping questions.

How many DTC buses phased out during the Q4 and what was the CNG consumption of DIMTS buses during the Q4?

See, now DTC is only 25 buses are remaining with us, and DIMTS around 1,790, what is the number? 1,790 buses are there.

Any consumption number of DIMTS buses, CNG consumption number during the Q4?

DIMTS number, yes. Just a second.

I think DIMTS number Would be around 1.3.

1.5, yeah.

DIMTS we are selling now around 1.9.

1.9,

yeah. DTC

is 1.9

and 1.3 lakh.

1.3. Yeah, 1.3, exactly.

1.3 and DTC is now almost now left hardly 1,000 kg per day.

DTC is all gone. DIMTS still it is there.

It is reducing, but almost 1.3 lakh per day it is there.

Okay. The last one Which Yes, sir.

Yes, sir. Sure.

The last one, sir, we have seen a sharp jump in operating expenses sequentially. Was it include any one-off expense?

No, no. Operational expenses per scm if you calculate, that would be I think a better matrix.

Sequentially CSR expenditure is generally booked in the last quarter, so that is the reason it has gone up.

If you see as compared to previous year, like MD also said, rupees per scm will be the correct measure to understand. We have reduced by around 8 to 10 paisa in our opex expenses per scm this year.

Okay. Sir, one fundamental question

Sure, sure.

Hi. Thanks for the opportunity.

Sir, two questions. One is that what is the growth you have achieved in this three different, one is in Delhi, second is in the NCR region, third is in the new GA for the CNG segment, if you can give the specific number?

Like we mentioned in the opening also, Delhi is flat in CNG. It's almost 1% only, and we have to take care of the DTC volumes lost also.

Noida, Ghaziabad is around 6% to 8%, and other GAs have grown by 16% to 17%. If we knock off the historical volumes of the DTC, then the entire IGL, at IGL level, it is around 9.8% to 10% growth.

Got it, sir.

Got it. The second question, in terms of supply mix, did you had any of this force majeure during the quarter because of the whatever has happened with related to the Ras Laffan volume?

Did we had any force majeure, and if it's there, how we have replaced that?

Okay. As you are aware that after the Middle East issues in February end, there was a force majeure imposed by QatarEnergy at Qatar on the Ras Laffan attacks and all.

Then immediately first government has come up with a reform. They have come up with the gazette notification for prioritizing domestic PNG and CNG as priority number one, and subsequently to fertilizers.

First thing they have given on the basis of the last 6 months' average sales, we have been getting almost 100% allocation in terms of our consumption, that is the priority number one, DPNG 105% and CNG maybe around 35% to 40%. Then there has been a pooled gas mechanism government has come out, and the GAIL is offering on that pooled gas mechanism pricing is there.

That is there, and for industrial and commercial, some spot back-to-back we have made some arrangements, it was like that.

Got it, sir. Got it.

Thank you, sir.

Hi, sir. Good evening.

Thanks for the opportunity. Just a few bookkeeping ones from my end, sir.

What was the CNG sales in kg in this quarter?

In kg? 51,20,000 in was the average for the year, for quarter 51,30,000.

51,30,000. kg per day.

Right. Thank you.

Sir, my second question was with respect to the industrial and commercial consumers. What was our pricing for these consumers in the previous quarter and what's the pricing right now?

Related to that, sir, also if you could highlight what was our average LNG procurement cost in the previous quarter and what it is now? I'm talking about spot LNG and

Spot LNG, if you see, some quantities which we had specifically bought for few of the customers on back-to-back basis, that came at around $17 during that crisis when it started. It was around $21 and then subsequent months it was at around $17.5.

That was the pricing in terms of forex component for the gas cost. The entire cost has been passed on to the customers, and given that the alternate fuels are also not available to them, they are basically coming back to PNG and lots of demand is there at this point of time.

Demand has not gone down.

Okay.

That was your

That was what I was trying to get at. What is the price that we charged in the previous quarter and what we are charging right now to industrial and commercial consumers, if you can throw some light on that?

Roughly I can tell you around 35% to 40% increase in prices has taken place over 2-3 months.

35% to 50% you said, sir?

Roughly around 35%

to 40%. 35% to 40% increase.

That's the trend that we are continuing, right?

On back-to-back spot basis, then it is almost 50-60%.

Okay. Lastly, sir, what's the capex number for '27?

For '27, we expect to be around ₹1,500 crores given the push on PNG by the government. Last year we had a total capex of ₹1,172 crores.

We expect that to go up and reach probably around ₹1,500 crores for full segment of the business.

Sure, sir. Thank you so much.

The

activity we expect to happen.

Good afternoon, sir. Sir, just two questions.

First regarding your sourcing of natural gas. After the crisis emerged, government pooled the gas and kind of tried to allocate the gas.

Since the CGDs was put in the priority list one, I suppose that you would be getting about 100% of the gas. Just wanted to understand of the pricing mechanism on the basis of which you get the gas for at least your priority sectors like CNG and PNG domestic.

Second regarding the industrial segment consumers, since there the propane wasn't available, I'm assuming that the margins would have got elevated at least for this quarter. How are you seeing the quarter one of FY '27 as far as PNG industrial is concerned?

Okay. We'll start with see, APM you know that it is based on Kirit Parikh Committee pricing mechanism and now it is increasing year-on-year basis.

Now currently it is if the CBG loading is also there, $7.7 per mmbtu is the APM price first. Then the second part is the new well gas, which is at a premium of 20% of the Indian crude basket.

Indian crude basket has already gone up, it is almost touching now $13 per mmbtu. That is the new well gas.

The third, I also earlier mentioned that there has been a new working on the pooled gas because the government has given a mandate of priority one to PNG and CNG. There is a different mechanism of pooled gas, and that is being also sourced at around $14 to $15.

Apart from that, spot is there. Spot depends like it is now 17 to 18.

Apart from that, on the industrial, as we mentioned earlier, whatever we are sourcing additional, that is given on a back-to-back basis with a little bit of markup, and that is passed to the customer.

Got it, sir. Am I correct in understanding that, for example, if 100% is the requirement and if about 60% 50% is getting fulfilled by, let's say, by APM and HPHT, then whatever rest 50%, at least for your CNG and PNG domestic fulfillment, that would be that gas would be you'll be given through the pooled gas mechanism and the pricing which the government has decided?

Am I right in assuming that?

Yes, you can. It is almost like that.

Got it, sir. Also there was one media circulation regarding the un-availability of the plumbers due to which the CGDs companies are not able to meet the requirement of the PNG connections which government has mandated about 1 lakh connections per day.

It is said that only 10,000 to 12,000 connections is being made. I just wanted to understand you view on that.

Is it correct as far as IGL is concerned or it's not that relevant for IGL?

Actually you are right that for the industry, this is one of the issues. For IGL, this is not an area of concern, because we were already doing 2.5 to 3 lakh billed connections and 3.5, 3.7 lakhs last year we did the infrastructure-wise if you say.

We were already doing, and there is a small increment in that. That sense, and being also the national capital, there is some advantages.

We are not facing the plumber issue as compared to other entities that are facing this issue.

Got it, sir. Thanks a lot for answering the questions.

Hi, sir. Thanks for the opportunity.

Sir, here you mentioned that the gas cost has increased by 25% on a base of ₹32 pre-war cost, means that your gas cost has gone up by ₹8, whereas we've taken a ₹3 per kg hike as yet, which is about ₹1.4 per scm. Even to maintain this Q4 margin, maybe opex normalize and all, I'm just wondering maybe even in Q1 and all, it will require a significant high increase, right, just to pass on what is already there?

Actually industrial and commercial segment, we have been able to increase the prices because the competing fuels were substantially higher. There we have no issues.

The domestic segment is covered through APM, so that also is not an issue. We had taken a ₹1.7 increase in last month for any increase in this APM price.

That has been factored in. Only the CNG portion, that we believe that if the situation improves and the cost comes down, because slowly we are seeing that the Henry Hub quantities that were curtailed due to this force majeure, they are getting restored.

Now if that is done, because that is one gas where we have not seen much volatility. The Henry Hub has remained between 2.6 or 2.5 to $3.

If that is given 100%, then that will solve some of our problems.

Okay. On the industrial and commercial side, where you said more price hikes have been taken and you've been able to pass through there, any breakdown if you can give how are margins in that segment versus pre-war?

Margins we have almost kept flat. We reduced a little bit, but then we are able to maintain the same level of profitability.

Sure. Thanks a lot.

Gas cost has been passed, profitability is maintained, that's what we can say.

Okay. Sure.

Thanks.

Good afternoon, sir. My first question is across the IGL portfolio, what percentage of CNG volume goes to the cab aggregators and delivery services?

Cab aggregator, our mix has been that 48% is the private vehicles and cab aggregators around 12-13% is there,

and

9% is auto

rickshaw.

There is no scientific way in which this data is available. 12% to 13% is what we arrive at from different methods.

Directly it's not available.

Okay. Secondly, can you please tell us the total CNG volume that comes from Haryana?

From Haryana. Yes.

CNG volume you're talking about?

CNG volume.

The total volume from Haryana is 0.81 million, 0.65 million of CNG and 0.16 million of PNG.

Okay. Thank you, sir.

Haryana had a overall growth of around 11-12%.

Over the previous...

We have around four GAs there in Haryana: Karnal, Kaithal, Rewari, and Gurugram. Overall, it had around 11% to 12% of growth.

Okay. Thank you, sir.

Year-on-year, average annual basis.

Okay.

Hi, sir. Just one question, data keeping question actually.

If you could provide the detailed breakup of gas procurement that we have done in 4Q bifurcated into APM, NWG, HPHT, Henry Hub, and Brent-linked contract. If possible, in mmscmd terms.

Then also if you could compare it to what we are getting currently after the gas pooling mechanism?

Okay. I'll give you of Q4.

Is it okay?

Sure.

As we mentioned, domestic gas is around 55%, and the breakup of this 55% domestic gas, 37% is APM, 8% new well gas, CBG 1%, HPHT is 4%, then we get some from IGX also we take around 3%, then coalbed methane 1%. This is on the domestic.

RLNG front, short-term is almost 7%, and the long-term contracts what we have is around 38%. This is roughly breakup in terms of percentage.

This is the overall mix, not for the priority segment.

Yeah.

Okay. Sir, if you could help us just revise how many long-term contracts do you have currently in mmscmd terms and what is the split between Brent-linked and Henry Hub-linked?

We have close to 4.8 million, and 2/3 of that is Henry Hub-linked. Sir,

are you scouting for more long-term contracts, RLNG contracts?

Yes, yes. Because some of our contracts are expiring in '28.

We are looking at long-term contracts beyond '29, '29 onwards. We are in discussion with various suppliers.

Understood. Thank you, sir.

Hi, I only had a bookkeeping question that what are the number of industrial and commercial customers that IGL has as of the end of the quarter?

End of the quarter. We have around 7,500 commercial customers and around 5,500 industrial customers.

Okay. Thank you.

Thank you, sir. This is regarding that question that you had earlier answered from another gentleman.

You said that you have 1/3 of Gurgaon and you're expecting to get another 1/3. Can you give more details, please?

No,

no. We never said that we have 1/3 and we are expecting another 1/3.

What we meant was that whatever authorization is with us is 1/3 of the Gurugram area.

Okay. It will remain 1/3.

Is that what is meant?

Yes, because we have not accepted the authorization, because case was sub judice and still it is sub judice. With some conditions, we have given our acceptance for starting the work.

Okay. Is it the intention to gain more territory in Gurgaon?

Is that the intention of IGL?

I think there is no option like that available. If it is available, then we'll definitely.

Right now, there is no option because once you get an authorization, you have a exclusivity for 25 years. That option is not there with us.

Okay. Fine.

Thank you.

Thank you, everyone. Thank you for joining this call, annual earnings call for IGL.

Thank you for taking time out from your busy schedule. Next year, of course, this was a challenging year in terms of the gas cost, and it is still continuing.

Hopefully, when we meet next time, this geopolitical situation will be behind us, and we'll be presenting you with a with better numbers. On this note, I would just like to also share that I'll be going back to my parent organization, BPCL, and Mr.

Manjeet will be taking over as CFO. From 21st onwards, he will be the point of contact for you all.

Thank you so much. See you probably meet you somewhere in Ahmedabad next time.

Thank you so much.

Thank you.