IGL Reports Rs 2.85 Billion Profit in Q3 FY25, Sales up 7%

28 Jan 2025 CW Team

Indraprastha Gas (IGL), India’s largest CNG distribution company, reported a 7 per cent increase in overall sales volume for the third quarter of FY25, ending December 2024. The company’s average daily sales grew from 8.48 million metric standard cubic meters per day (mmscmd) in Q3 FY24 to 9.11 mmscmd in Q3 FY25.

Sales of PNG saw a 12 per cent rise, while CNG sales grew by 6% compared to the same quarter last year. The total gross sales value for the quarter was Rs 41.30 billion, marking a 6 per cent increase from Rs 39.06 billion in Q3 FY24.

The company’s net profit for the quarter was Rs 2.85 billion, a decline from Rs 3.92 billion in the same period last year. These figures are standalone and exclude profits from associate companies.

IGL operates a city gas distribution network across 30 districts in Delhi, Uttar Pradesh, Haryana, and Rajasthan, with over 20,000 km of pipeline infrastructure. The company serves more than 1.9 million vehicles through 890 CNG stations and has connected over 2.5 million households with PNG in these regions. News source: ET Energy

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..