InvestorQ : Is it true that city gas distributors like IGL, MGL and Torrent Gas are expanding aggressively?
Priyanka N made post

Is it true that city gas distributors like IGL, MGL and Torrent Gas are expanding aggressively?

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Neelam Naik answered.
4 months ago
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Even as there is a rush for electric vehicles, the city gas distribution or CDP players are continuing with their expansion plans. For example, MGL will spend Rs.800 crore, IGL Rs.1,200 crore and Torrent Gas Rs.3,500 crore to expand capacity. CGD players see the EV threat to be still quite distant in terms of volumes.

The most aggressive of the lot is Torrent Gas, which plans to invest Rs.10,000 crore over next 5 years including Rs.5,000 crore in Tamil Nadu.

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