Energy
Will Delhi government’s EV drive send IGL on a bumpy ride?
Synopsis
For IGL, Delhi is a key market. The city government’s relentless push to convert its entire public bus service to electric means a massive loss of business for the company. Is IGL readying a survival plan?
In September 2001, when CNG buses were made mandatory in Delhi, it was a defining moment for Indraprastha Gas Limited (IGL), a joint venture between state-owned GAIL and BPCL. Twenty-three years, 819 pumps, and a phenomenal growth story later, the company is facing an existential challenge – that too from another clean-energy sector. Two recent events especially have doomy messages for IGL. Last month, the Delhi government budget offered a big
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