Further APM gas allocation cuts
Reduced APM allocation could increase gas costs and pressure margins if price hikes are not implemented.
IGL / Q1-FY26 / risks
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Indraprastha Gas · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
DTC bus electrification reducing CNG volumes
Transition of DTC buses to electric is expected to phase out remaining CNG buses in 2 years, impacting CNG volumes.
Henry Hub price volatility
Analyst raised concern about Henry Hub price increase; management noted current prices are lower but acknowledged risk.
Delhi EV policy uncertainty
Delhi government's EV policy draft not finalized; extension to March 2026 creates regulatory uncertainty for CNG demand.