Further APM gas supply cuts
Management acknowledged that future APM allocations depend on domestic production, which tends to decline over time, posing a risk to gas sourcing costs.
Indraprastha Gas · Material risks, their source context, and severity in the latest available quarter.
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Management acknowledged that future APM allocations depend on domestic production, which tends to decline over time, posing a risk to gas sourcing costs.
An analyst raised concerns about EV growth reducing CNG vehicle additions, especially in high-consumption segments like buses. Management countered that CNG is growing fastest among fuels.
The ongoing sub judice matter with APTEL regarding the remaining Gurgaon GA area remains unresolved, delaying expansion. Management declined to comment due to legal proceedings.
During the APM cut, IGL had to source expensive spot RLNG at $14-15/MMBtu, which was unsustainable and forced deliberate volume reduction.