Indraprast Gas Annual RPT

IGL/CS/2020 September 03, 2020
The Manager Listing Department

Dept. of Corporate Services National Stock Exchange of India Ltd.
Bombay Stock Exchange Ltd. Exchange Plaza, Bandra Kurla Complex
Rotunda Building, 1st Floor Bandra (E)
Dalal Street Mumbai – 400 051
Mumbai – 400 001
Security Code : 532514 Trading Symbol : IGL
Sub: Annual Report - 2019-20 and Notice of Annual General Meeting
Dear Sir I Madam,
In pursuance of the Regulation 34 of SEBI (Listing Obligations and Disclosure Requirement)

Regulations, 2015, we submit herewith the soft copy of the Annual Report for the financial
year 2019-20 alongwith Notice of the Annual General Meeting scheduled to be held on
September 28, 2020.
This is for your information and record.
Thanking you,
Yours sincerely,
for Indraprastha Gas Limited,
(S. K. Jain)
Company Secretary & Compliance Officer
Encl: As above
INDRAPRASTHA GAS LIMITED
Regd. office: IGL Bhawan, Plot No. 4, Community Centre,
Sector – 9, R.K. Puram, New Delhi-110022
CIN: L23201DL1998PLC097614, Website: www.iglonline.net
Email: investors@igl.co.in, Tel No.: 011-46074607, Fax No.: 011-26171863
NOTICE
Notice is hereby given that the 21st Annual General Meeting of member pursuant to the provisions of Section 160 of the
Indraprastha Gas Limited will be held on Monday, September Companies Act, 2013, be and is hereby, appointed as a
28, 2020 at 11:30 a.m. through Video Conferencing (“VC”) / Director of the Company, liable to retire by rotation.”
Other Audio Visual Means (“OAVM”) to transact the following
6. To consider and, if thought fit, to pass, with or without
business:
modification(s), the following Resolution as an Ordinary
Resolution:
ORDINARY BUSINESS
“RESOLVED THAT pursuant to the provisions of Sections
1. To receive, consider and adopt the (a) the Audited 196, 197 and 203 read with Schedule V and all other
Financial Statements of the Company for the financial applicable provisions, if any, of the Companies Act, 2013
year ended March 31, 2020, (b) the Audited Consolidated and the Rules made thereunder and Article 121 (A) (iii)
Financial Statements for the financial year ended March of the Articles of Association of the Company, approval
31, 2020; and the reports of the Board of Directors and be and is hereby accorded, to the re-appointment of
the Statutory Auditor and the comments of Comptroller Shri E. S. Ranganathan (DIN: 07417640) as Managing
& Auditor General of India thereon. Director of the Company on whole-time basis with effect
2. To declare a Dividend on equity shares for the financial from May 1, 2020 to June 15, 2020 on the terms and
year ended March 31, 2020. conditions including remuneration forwarded by GAIL
(India) Limited vide its office order no. GAIL/CO/TRF/04
3. To appoint a Director in place of Shri R. P. Natekar, who dated April 28, 2020 and subsequent communication
retires by rotation, and being eligible, offers himself for forwarded by them, with the liberty to the Board of
re-appointment. Directors to alter and vary the terms and conditions, as
4. To authorize Board of Directors of the Company to fix the Board of Directors may consider necessary and as
remuneration of the Statutory Auditor of the Company may be agreed to by Shri E. S. Ranganathan / GAIL.
(M/s Datta Singla & Co.) in terms of the provisions of 7. To consider and, if thought fit, to pass, with or without
Section 142 of the Companies Act, 2013 and to pass the modification(s), the following Resolution as an Ordinary
following Resolution as an Ordinary Resolution: Resolution:
“RESOLVED THAT the Board of Directors of the Company “RESOLVED THAT Shri Asit Kumar Jana (DIN: 03452799),
be and is hereby authorized to decide and fix the who was appointed as an Additional Director by the
remuneration of M/s Datta Singla & Co. (Registration No. Board of Directors and who holds office upto the date
NR0053), Chartered Accountants, the Statutory Auditor of this Annual General Meeting and in respect of whom,
of the Company, appointed by Comptroller and Auditor the Company has received a notice in writing from a
General of India for the Financial Year 2020-21.” member pursuant to the provisions of Section 160 of the
Companies Act, 2013, be and is hereby, appointed as a
SPECIAL BUSINESS Director of the Company.”
5. To consider and, if thought fit, to pass, with or without 8. To consider and, if thought fit, to pass, with or without
modification(s), the following Resolution as an Ordinary modification(s), the following Resolution as an Ordinary
Resolution: Resolution:
“RESOLVED THAT Shri P. K. Gupta (DIN: 01237706), who “RESOLVED THAT pursuant to the provisions of Sections
was appointed as an Additional Director by the Board 196, 197 and 203 read with Schedule V and all other
of Directors and who holds office upto the date of applicable provisions, if any, of the Companies Act, 2013
this Annual General Meeting and in respect of whom, and the Rules made thereunder and Article 121 (A) (iii)
the Company has received a notice in writing from a of the Articles of Association of the Company, approval
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be and is hereby accorded, to the appointment of Shri 11. To consider and, if thought fit, to pass, with or without
Asit Kumar Jana (DIN: 03452799) as Managing Director of modification(s), the following Resolution as an Ordinary
the Company on whole-time basis with effect from June Resolution:
16, 2020 to March 31, 2022 on the terms and conditions
“RESOLVED THAT pursuant to SEBI (Listing Obligations
including remuneration forwarded by GAIL (India)
and Disclosure Requirements) Regulations, 2015 and
Limited vide its office order no. GAIL/CO/TRF/06/20
other applicable provisions, if any, and subject to any
dated June 8, 2020 and letter no. 22/02/53/1153/2020
modification(s) and re-enactment thereof, consent of
dated June 16, 2020, with the liberty to the Board of
the members be and is hereby accorded to ratify the
Directors to alter and vary the terms and conditions, as
contract for purchase of APM gas for NCT of Delhi, at a
the Board of Directors may consider necessary and as
price determined by Government of India from time to
may be agreed to by Shri Asit Kumar Jana / GAIL.
time, amounting to Rs. 1169.05 Crores, with its related
FURTHER RESOLVED THAT the Company shall provide party i.e. GAIL (India) Limited (Nominee of Government
facilities to Shri Asit Kumar Jana, approved by Board, of India), during the period April 1, 2019 to March 31,
for his smooth functioning as Managing Director and 2020.
reimburse such expenses as are incurred by Shri
RESOLVED FURTHER THAT the Board of Directors of
Asit Kumar Jana in carrying out the responsibilities of
the Company be and is hereby authorized to do all
Managing Director.
acts, deeds, matters and things that may be necessary,
9. To consider and, if thought fit, to pass, with or without proper, expedient or incidental thereto for the purpose
modification(s), the following Resolution as an Ordinary of giving effect to this Resolution.”
Resolution:
12. To consider and, if thought fit, to pass, with or without
“RESOLVED THAT Smt. Manisha Saxena (DIN: 01289071), modification(s), the following Resolution as an Special
who was appointed as an Additional Director by the Resolution:
Board of Directors and who holds office upto the date
RESOLVED THAT pursuant to the provisions of Sections
of this Annual General Meeting and in respect of whom,
4, 13, 14, and other applicable provisions of the
the Company has received a notice in writing from a
Companies Act, 2013, consent of the members be and
member pursuant to the provisions of Section 160 of the
is hereby accorded for alteration of Memorandum of
Companies Act, 2013, be and is hereby, appointed as a
Association (MoA) and also adoption of revised set of
Director of the Company, liable to retire by rotation.”
Articles of Association (AoA) of the Company, in place of
10. To consider and, if thought fit, to pass, with or without the existing MoA and AoA.
modification(s), the following Resolution as an Ordinary
FURTHER RESOLVED THAT the Managing Director and/
Resolution:
or Director (Commercial) and/or Company Secretary
“RESOLVED THAT pursuant to the provisions of Section be and are hereby authorized to do all acts and take all
148 and all other applicable provisions of the Companies such actions as may be necessary, proper or expedient
Act, 2013 and the Companies (Audit and Auditors) to give effect to this resolution and to sign and execute
Rules, 2014, the Cost Auditors appointed by the Board all necessary documents, applications, returns as may
of Directors of the Company, to conduct the audit of be necessary to give effect to the above resolution.”
the cost records of the Company for the financial year
ending March 31, 2021, be paid the remuneration as set
out in the statement annexed to the Notice convening
this Meeting. By Order of the Board
RESOLVED FURTHER THAT the Board of Directors of

the Company be and is hereby authorised to do all acts Sd/-
and take all such steps as may be necessary, proper or Place : New Delhi (S. K. Jain)
expedient to give effect to this resolution.” Date : August 26, 2020 Company Secretary
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Indraprastha Gas Limited | Notice
Notes: Non-resident shareholders can avail beneficial rates

under tax treaty between India and their country of
1. In view of the continuing Covid-19 pandemic, the Ministry residence, subject to providing necessary documents i.e.
of Corporate Affairs (“MCA”) has vide its circular dated No Permanent Establishment and Beneficial Ownership
May 5, 2020 read with circulars dated April 8, 2020 and Declaration, Tax Residency Certificate, Form 10F, any
April 13, 2020 (collectively referred to as “MCA Circulars”) other document which may be required to avail the
permitted the holding of the Annual General Meeting tax treaty benefits by sending email to einward.ris@
(“AGM”) through VC/OAVM, without the physical presence kfintech.com. The aforesaid declarations and documents
of the Members at a common venue. In compliance need to be submitted by the shareholders latest by
with the provisions of the Companies Act, 2013 (“Act”), September 15, 2020.
SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”) and MCA 7. In compliance with the aforesaid MCA and SEBI Circulars,
Circulars, the AGM of the Company is being held through Notice of the AGM along with the Annual Report 2019-
VC/OAVM. The proceedings of the AGM will be deemed 20 is being sent only through electronic mode to those
to be conducted at the Registered Office of the Company Members whose email addresses are registered with
which shall be the deemed venue of the AGM. the Company/ Depositories. Members may note that the
Notice and Annual Report 2019-20 will also be available
2. The explanatory statement pursuant to Section on the Company’s website www.iglonline.net, websites
102 of the Companies Act, 2013, for items 4 to 12 is of the Stock Exchanges i.e. BSE Limited and National
annexed hereto. Stock Exchange of India Limited at www.bseindia.com
and www.nseindia.com respectively, and on the website
3. As the AGM shall be conducted through VC/OAVM, the
of Kfin Technologies Pvt. Ltd. - https://www.evoting.
facility for appointment of Proxy by the Members is not
karvy.com
available for this AGM and hence the Proxy Form and
Attendance Slip including Route Map are not annexed to 8. Members holding shares in physical form are requested
this Notice. to notify change in their address, if any, quoting folio
number to Registrar and Transfer Agents (RTA) at M/s
4. The Register of members and Share Transfer Books of
Kfin Technologies Pvt. Ltd, KFintech Selenium Tower
the Company will remain closed from September 19,
B, Plot No 31 & 32, Gachibowli, Financial District,
2020 to September 28, 2020 (both days inclusive) for
Nanakramguda, Serilingampally, Hyderabad – 500032.
the purpose of ascertaining the eligibility for payment of
dividend. 9. Members are requested to notify any change of Address/
Bank Account Number:
5. The dividend payable on equity shares, if approved by
the members, will be paid to those members whose a) To the Company’s Registrar in respect of their
names appear on the Company’s Register of members physical share folios; and
and as per beneficial owners’ position received from
NSDL & CDSL as at the close of September 18, 2020. b) To their Depository Participants (DPs) in respect of
their Electronic Demat Accounts as the Company
6. Pursuant to Finance Act 2020, dividend income will be is obliged to print the Bank details on the dividend
taxable in the hands of shareholders w.e.f. April 1, 2020 warrant as furnished by NSDL/ CDSL.
and the Company is required to deduct tax at source
from dividend paid to shareholders at the prescribed 10. Members may correspond with the RTA /Company to
rates. For the prescribed rates for various categories, the claim dividends, which remain unclaimed. In this regard,
shareholders are requested to refer to the Finance Act, members are requested to note that dividends not
2020 and amendments thereof. The shareholders are encashed or claimed within seven years from the date of
requested to update their PAN with the Company/RTA (in transfer to the Company’s Unpaid Dividend Account, will
case of shares held in physical mode) and depositories be transferred to the Investor Education and Protection
(in case of shares held in demat mode). A Resident Fund. Shares on which dividend remains unclaimed for
individual shareholder with PAN and who is not liable to seven consecutive years will be transferred to the IEPF as
pay income tax can submit a yearly declaration in Form per Section 124 of the Act, and the applicable rules.
No. 15G/15H, to avail the benefit of non-deduction of tax
11. In exercise of powers conferred by Section 139 of the
at source by email to einward.ris@kfintech.com latest
Companies Act, 2013, the Comptroller and Auditor
by September 15, 2020. Shareholders are requested to
General of India vide its letter dated August 7, 2020,
note that in case their PAN is not registered, the tax will
has appointed M/s Datta Singla & Co. (Registration No.
be deducted at a higher rate of 20%.
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NR0053), Chartered Accountants as Statutory Auditors Master copy in case shares are held in electronic
of the Company for the FY 2020-21. form or copy of the share certificate in case shares
are held in physical form, to enable KFIN to register
12. The Company has appointed M/s KFin Technologies their address and to provide them the Notice,
Private Limited (“KFIN”), Registrar and Transfer Agents Annual Report and the e-voting instructions along
of the Company, to provide the VC/ OAVM facility with the User ID and Password.
for conducting the AGM electronically and for voting
through remote e-voting or through e-voting at the AGM. l) Kindly note that in case the shares are held in
electronic form, the above facility is only for
13. Those Members who have not yet registered their email temporary registration of email address for receipt of
addresses and as a consequence, they have not received Notice, Annual Report and the e-voting instructions
the Notice and Annual Report 2019-20, are requested along with the User ID and Password. Such Members
to get their email addresses and mobile numbers will have to register their email address with their
registered with KFIN, by following the guidelines as DPs permanently, so that all communications are
mentioned below. received by them in electronic form.
Guidelines to register email address: m) In case of queries, Members are requested to write
to einward.ris@kfintech.com or call at the toll free
a) Visit the link https://ris.kfintech.com/email_
number 1800 345 4001.
registration
14. The Board of Directors has appointed Shri V. K. Sharma,
b) Select the company name i.e. Indraprastha Gas
Company Secretary in practice as the Scrutinizer, for
Limited.
conducting the remote e-voting process and poll in a fair
c) Enter DPID-CLID (in case shares are held in electronic and transparent manner. Body corporates are entitled
form)/Physical Folio No. (in case shares are held in to appoint authorized representative(s) to attend the
physical form) and PAN. AGM through VC/ OAVM and to cast their votes through
remote e-voting/ e-voting at the AGM. In this regard, the
d) If PAN details are not available in the system, the body corporates are required to send a certified copy
system will prompt to upload a self-attested copy of of the Board Resolution/ Authorization Letter/ Power of
the PAN card for updating the records. Attorney authorising their representative(s) to attend the
meeting and vote on their behalf through e-voting. The
e) In case shares are held in physical form, if PAN is not
said resolution/ letter/ power of attorney shall be sent
available in the records, please enter any one of the
by the body corporate through its registered e-mail id
Share Certificate No. in respect of the shares held by
to the Scrutinizer at vijay.sharma@vkscosecy.com with a
you.
copy marked to einward.ris@kfintech.com (KFIN’s id).
f) Enter the email address and Mobile No.
15. The facility for joining the AGM shall open 15 minutes
g) System will check the authenticity of DPID-CLID/ before the time scheduled for AGM and it will close
Physical Folio No. and PAN/Certificate No., as the after the expiry of 15 minutes from the time scheduled
case may be, and send the OTPs at the registered for AGM. The facility will be available to the Members
Mobile No. as well as email address for validation. on first-come-first-served basis. Large shareholders
(Shareholders holding 2% or more shareholding),
h) Enter the OTPs received by SMS and email to Promoters, Institutional Investors, Directors, Key
complete the validation process. Please note that Managerial Personnel and Auditors are allowed to
the OTPs will be valid for 5 minutes only. attend the AGM without restriction on first-come-first-
served basis.
j) The Company through KFIN will send the Notice,
Annual Report and the e-voting instructions along 16. Members are requested to follow the procedure given
with the User ID and Password to the email address below to attend the AGM through VC / OAVM or view the
given by you. live webcast:
k) Alternatively, Members may send an e-mail request i. Launch internet browser (chrome/firefox/safari) by
addressed to einward.ris@kfintech.com along with typing the URL: https:// emeetings.kfintech.com
scanned copy of the request letter duly signed by
the first shareholder, providing the email address, ii. Enter the login credentials (i.e., User ID and password
mobile number, self-attested copy of PAN and Client for e-voting).
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iii. After logging in, click on “Video Conference” option. 22. In case of any query pertaining to e-voting, please visit
Help & FAQs section available at KFIN website (https://
iv. Then click on camera icon appearing against AGM evoting.karvy.com). In case of any other queries /
event of Indraprastha Gas Limited, to attend the grievances connected to remote e-voting or shares, you
Meeting. may contact Mr. Raj Kumar Kale of KFIN, at telephone
number: 040-67161528/1518 or at email: evoting@
Members who do not have the User ID and Password
kfintech.com.
for e-voting or have forgotten the User ID and Password
may retrieve the same by following the remote e-voting 23. The business set out in the Notice will be transacted through
instructions. electronic voting system and the Company is providing
facility for voting through electronic means. Instructions
17. Members may join the Meeting through Desktops,
and other related information for e-voting is provided
Laptops, Smartphones, Tablets and iPads. Further,
herein below. Further, the Company will also send
Members will be required to use Internet with a good
communication relating to remote e-voting which inter alia
speed to avoid any disturbance during the Meeting.
would contain details about user ID and password along
Members will need the latest version of Chrome, Safari,
with copy of this Notice to the members separately.
Internet Explorer 11, MS Edge or Firefox. Please note that
participants connecting from Mobile Devices or Tablets 24. Voting through electronic means:
or through Laptops connecting via mobile hotspot may
experience Audio/Video loss due to fluctuation in their a) Pursuant to the provisions of Section 108 of the
respective network. It is therefore recommended to use Companies Act, 2013 read with the Companies
stable Wi-Fi or LAN connection to mitigate any glitches. (Management and Administration) Rules, 2014,
(hereinafter referred as “the Rules”), as amended and
18. In case of any query relating to the procedure for the provisions of the Securities and Exchange Board of
attending AGM through VC/OAVM or for any technical India (Listing Obligations and Disclosure Requirements)
assistance, Members may call on toll free no.: 1800 345 Regulations, 2015 (“Listing Regulations”), the Company
4001 or send an e-mail at einward.ris@kfintech.com has made necessary arrangements for remote
e-voting facility to its members to enable them to cast
19. Members who would like to express their views or ask
their votes electronically.
questions during the AGM may register themselves
by logging on to https://emeetings.kfintech.com and b) Members are requested to carefully read the
clicking on the ‘Speaker Registration’ option available on instructions for remote e-voting before casting their
the screen after log in. The Speaker Registration will be vote.
open during September 21, 2020 to September 23, 2020.
Only those members who are registered will be allowed c) The remote e-voting period will commence at 9.00
to express their views or ask questions. The Company AM on September 25, 2020 and will end at 5.00 PM
reserves the right to restrict the number of questions on September 27, 2020.
and number of speakers, depending upon availability of
time as appropriate for smooth conduct of the AGM. d) The cut-off date (i.e. the record date) for the purpose
of remote e-voting or poll is September 21, 2020.
20. Members attending the AGM through VC/ OAVM shall be A person, whose name is recorded in the register
counted for the purpose of reckoning the quorum under of members or in the register of beneficial owners
Section 103 of the Act. maintained by the depositories as on the cut-off
date, i.e. September 21, 2020 shall be entitled to
21. All the documents referred to in the accompanying notice avail the facility of remote e-voting/Ballot Paper.
and the statement pursuant to Section 102 (1) of the
Companies Act, 2013 shall be available for inspection e) The procedure and instructions for remote e-voting
through electronic mode. Members are requested are as under:
to write to the Company on investors@igl.co.in for
inspection of said documents; and (A) In case a member receives an email from KFin
[for members whose email IDs are registered
The Register of Directors and Key Managerial Personnel with the Company/Depository Participants (s)]:
and their shareholding maintained under Section 170
of the Companies Act, 2013 will be available during the i. Launch internet browser by typing the URL:
AGM for inspection in the electronic mode at https:// https:// evoting.karvy.com.
emeetings.kfintech.com.
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ii. Enter the login credentials (i.e. User ID and ix. Voting has to be done for each item of the
password as mentioned in email). In case of notice separately. In case you do not desire
physical folio, User ID will be EVEN (E-Voting to cast your vote on any specific item, it will
Event Number) xxxx followed by folio be treated as abstained.
number. In case of Demat account, User ID
will be your DP ID and Client ID. However, if x. You may then cast your vote by selecting an
you are already registered with KFintech for appropriate option and click on “Submit”.
e-voting, you can use your existing User ID
xi. A confirmation box will be displayed. Click
and password for casting your vote.
“OK” to confirm else “CANCEL” to modify.
iii. After entering these details appropriately, Once you have voted on the resolution(s),
click on “LOGIN”. you will not be allowed to modify your vote.
During the voting period, members can
iv. You will now reach password change menu login any number of times till they have
wherein you are required to mandatorily voted on the resolution(s).
change your password. The new password
shall comprise of minimum 8 characters xii. Corporate/Institutional members (i.e. other
with at least one upper case (A- Z), one than Individuals, HUF, NRI etc.) are also
lower case (a-z), one numeric value (0-9) required to send scanned certified true
and a special character (@,#,$, etc.). The copy (PDF Format) of the Board Resolution/
system will prompt you to change your Authority Letter etc., together with attested
password and update your contact details specimen signature(s) of the duly authorized
like mobile number, email ID etc. on first representative(s), to the Scrutinizer at email
login. You may also enter a secret question vijay.sharma@vkscosecy.com with a copy
and answer of your choice to retrieve your marked to evoting@Kfintech.com. The
password in case you forget it. It is strongly scanned image of the above mentioned
recommended that you do not share documents should be in the naming format
your password with any other person and “Corporate Name Event No.”
that you take utmost care to keep your
password confidential. Other Instructions
v. You need to login again with the new I. In case of any query and/or grievance, in respect of
credentials. voting by electronic means, members may refer to the
Help & Frequently Asked Questions (FAQs) and E-voting
vi. On successful login, the system will prompt
user manual available at the download Section of
you to select the “EVENT” i.e., ‘‘Indraprastha
https://evoting.karvy.com (KFin Website) or contact Shri
Gas Limited’.
Raj Kumar Kale, (Unit: Indraprastha Gas Limited) of Kfin
vii. On the voting page, enter the number of Technologies Pvt. Ltd., KFintech Selenium Tower B, Plot
shares (which represents the number of no. 31-32, Gachibowli, Financial District, Nanakramguda,
votes) as on the cut-off date under “FOR/ Hyderabad - 500032 or at evoting@Kfintech.com or
AGAINST” or alternatively, you may partially phone no. 040 – 67162222 or call Kfin’s toll free No.
enter any number in “FOR” and partially 1800-3454-001 for any further clarifications.
“AGAINST” but the total number in “FOR/
II. You can also update your mobile number and e-mail id
AGAINST” taken together shall not exceed
in the user profile details of the folio which may be used
your total shareholding as mentioned
for sending future communication(s).
herein above. You may also choose the
option ABSTAIN. If the member does not III. In case any person becomes member of the Company
indicate either “FOR” or “AGAINST” it will be after dispatch of Notice of AGM and holds shares as on
treated as “ABSTAIN” and the shares held the cut-off date for e-voting i.e., September 21, 2020, he/
will not be counted under either head. she may obtain the User ID and Password in the manner
as mentioned below :
viii. Members holding multiple folios/demat
accounts shall choose the voting process i. If the mobile number of the member is registered
separately for each folio/demat accounts. against shares held in demat form, the member
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may send SMS: MYEPWD<space> DP ID Client ID to f) Once the vote on a resolution is cast by a member, the
9212993399 member shall not be allowed to modify it subsequently.
The Company shall also provide facility for voting
Example for NSDL: through polling at the Meeting and members attending
MYEPWD <SPACE> IN12345612345678 the meeting who have not already casted their vote
Example for CDSL: by remote e-voting shall be able to exercise their right
MYEPWD <SPACE> 1402345612345678 to vote at the AGM. A member can opt for only single
mode of voting i.e. through Remote e-voting or voting at
ii. If the mobile number of the member is registered
the AGM. If a member casts votes by both modes then
against shares held in physical form the member
voting done through Remote e-voting shall prevail and
may send SMS: MYEPWD<space> Event no. + Folio
vote at the AGM shall be treated as invalid.
no. to 9212993399.
g) The members who have casted their vote by remote
Example for Physical:
e-voting prior to the meeting may also attend the
MYEPWD <SPACE> XXXX1234567890
meeting but shall not be entitled to cast their vote again.
iii. If e-mail address or mobile number of the member
h) The voting rights of the members shall be in proportion
is registered against Folio No. / DP ID Client ID, then
to the paid-up value of their shares in the equity capital
on the home page of https://evoting.Kfintech.com,
of the Company as on the cut-off date (i.e. the record
the member may click “Forgot Password” and enter
date), being September 21, 2020. A person who is not a
Folio No. or DP ID Client ID and PAN to generate a
member as on the cut-off date should treat this notice
password.
for information purpose only.
iv. Member may call Kfintech’s toll free number 1800-
i) The results shall be declared on or after the AGM. The
3454-001.
results along with the Scrutinizer’s Report shall also be
v. Member may send an e-mail request to evoting@ placed on the website of the Company (https://www.
Kfintech.com. However, KFintech shall endeavor to iglonline.net) and on Kfin’s website (https://evoting.
send User ID and Password to those new members karvy.com).
whose mail ids are available.
Explanatory Statement Pursuant to Section 102 Item No. 5.

of the Companies Act, 2013 Shri P. K. Gupta was nominated by GAIL (India) Limited
Item No. 4. (GAIL) as a Director & Chairman of the Company. The Board
of Directors appointed Shri P. K. Gupta, as an Additional
As per Section 142 of the Companies Act, 2013, the remuneration
Director and Chairman w.e.f. July 1, 2020.
payable to the Auditor shall be fixed in the General Meeting
of the Company or in such manner as may be determined As per the provisions of Section 161 of the Companies Act,
therein. Further, as per Section 177 of Companies Act, 2013, 2013, he shall hold office upto the date of Annual General
read with regulation 18(3) of SEBI (Listing Obligations and Meeting. The Company has received a notice under Section
Disclosure Requirements) Regulations, 2015, Audit committee 160 of the Companies Act, 2013, from a member proposing
will recommend the appointment and fixation of remuneration his candidature for the Directorship of the Company.
of Statutory Auditor to the Board. His brief resume, the nature of his expertise in specific
In exercise of the powers conferred by Section 139 of the functional areas, names of companies in which he holds
Companies Act, 2013, the Comptroller and Auditor General directorships, committee memberships/ chairmanships, his
of India (CAG) appoints Statutory Auditor of the Company. shareholding etc., are separately annexed hereto.
Accordingly, on receipt of communication from CAG regarding The Board of Directors recommends the resolution set out in
appointment of Statutory Auditor, Board of Directors item no. 5 for your approval.
decide and fix the remuneration of Statutory Auditor on the
recommendation of the Audit Committee. The remuneration Other than Shri P. K. Gupta and his relatives, none of the
will commensurate with the quantum of work required to Directors, Key Managerial Personnel of the Company or their
be undertaken by the Statutory Auditor and amendments in relatives are considered to be interested in the resolution.
prevailing Laws & Regulations. Item No. 6.
The Board of Directors of the Company recommends the In terms of Article 121 (A) (iii) of the Articles of Association
resolution set out in item no. 4 for your approval. of the Company, Shri E. S. Ranganathan was nominated by
7
GAIL (India) Limited (GAIL) as Managing Director w.e.f. June Pension and superannuation benefits: Shri E. S. Ranganathan
1, 2016 for a period of three years. Accordingly, Board of remains on the roles of GAIL and therefore shall be
Directors appointed Shri E. S. Ranganathan as Managing governed by the Rules and Regulations of GAIL in respect of
Director on the terms & conditions of appointment including superannuation benefit funds.
remuneration forwarded by GAIL vide its letter nos. GAIL/CO/
Facilities to Shri E. S. Ranganathan, approved by Board, for his
TRF/06/2016 dated June 2, 2016 and 22/02/53/2054/2016
smooth functioning as Managing Director and reimbursed
(Revised) dated June 9, 2016.
such expenses as are incurred by Shri E. S. Ranganathan in
At 17th AGM of the Company held in the year 2016, carrying out the responsibilities of Managing Director.
Shareholders approval was accorded for the appointment
His brief resume, the nature of his expertise in specific
of Shri E. S. Ranganathan as Managing Director w.e.f. June
functional areas, names of companies in which he holds
1, 2016 for a period of three years i.e. till May 30, 2019.
directorship, committee memberships/ chairmanships, his
Tenure of Shri E. S. Ranganathan as Managing Director was
shareholding etc., are separately annexed hereto.
again extended by GAIL w.e.f. June 1, 2019 to April 30, 2020,
which was approved by the shareholders at 20th AGM of the The Board of Directors recommends the resolution set out in
Company held in 2019. item no. 6 for your approval.
GAIL further extended the tenure of Shri E. S. Ranganathan Other than Shri E. S. Ranganathan and his relatives, none
as Managing Director w.e.f. May 1, 2020 to June 15, 2020. of the Directors, Key Managerial Personnel of the Company
Accordingly, Board of Directors extended tenure of Shri E. S. or their relatives are considered to be interested in the
Ranganathan as Managing Director on the terms & conditions resolution.
of appointment including remuneration forwarded by GAIL Item No. 7 & 8.
vide its order no. GAIL/CO/TRF/04 dated April 28, 2020 and
subsequent communication forwarded by them. The Board of Directors appointed Shri Asit Kumar Jana, as an
Additional Director w.e.f. June 16, 2020. As per the provisions
Major terms & conditions of his appointment as Managing of Section 161 of the Companies Act, 2013, he shall hold
Director are as under: office upto the date of Annual General Meeting.
I. Shri E. S. Ranganathan shall have the power of general The Company has received a notice under Section 160 of
conduct and management of the business and affairs of the Companies Act, 2013 from a member proposing his
the Company. candidature for the Directorship of the Company.
II. Salary: In terms of Article 121 (A) (iii) of the Articles of Association
Shri E. S. Ranganathan shall draw his salary and of the Company, Shri Asit Kumar Jana was nominated by
benefits as per his service conditions from GAIL and in GAIL (India) Ltd., as Managing Director w.e.f. June 16, 2020 to
respect of which all expenses including contributions March 31, 2022 on the terms and conditions of appointment
towards Provident Fund, Pension and Gratuity shall be including remuneration forwarded by GAIL vide its office
reimbursed to GAIL by the Company as stated more order no. GAIL/CO/TRF/06/20 dated June 8, 2020 and letter
particularly herein under: no. 22/02/53/1153/2020 dated June 16, 2020. Accordingly,
Board of Directors also appointed Shri Asit Kumar Jana as
Pay Scale: Rs. 1,50,000 - 3,00,000/--
Managing Director.
Particulars Rs./ Month Major terms & conditions of his appointment as Managing
Basic Pay 2,39,140 Director are as under:
Variable DA (18.7% w.e.f. 01.04.2020) 44,719 I. Shri Asit Kumar Jana shall have the power of general
HRA @ 24% of Basic Pay per Month 57,394 conduct and management of the business and affairs of
Perquisites and allowance 83,699 the Company.
Secondment Allowance 8,000 II. Salary:
Variable DA: VDA is subject to change every quarter. Shri Asit Kumar Jana shall draw his salary and benefits
as per his service conditions from GAIL and in respect
Housing: Shri E. S. Ranganathan was drawing HRA.
of which all expenses including contributions towards
Company Car & Telephone: Car and Telephone to be Provident Fund, Pension and Gratuity shall be
provided by the Company or reimbursement to be made as reimbursed to GAIL by the Company as stated more
per his entitlement. particularly herein under:
Other Benefits: Shri E. S. Ranganathan is also entitled Pay Scale: Rs. 1,50,000 - 3,00,000/-
to reimbursement of cost of spectacles and medical
reimbursement for self and dependent family members, Particulars Rs./ Month
briefcase, newspaper reimbursement, leave encashment Basic Pay 2,32,510
etc. as per GAIL Rules, which will be borne by the Company. Variable DA (18.7% w.e.f. 01.04.2020) 43,479
In addition, he is entitled for incentive under Performance
HRA @ 24% of Basic Pay per Month 55,802
Related Pay (PRP) as per GAIL rules.
8
Particulars Rs./ Month Company for the FY 2020-21. The remuneration proposed to
be paid to the Cost Auditors, would be Rs. 2.50 Lakhs (Rupees
Perquisites and allowance 81,379 Two Lakhs Fifty Thousand only) plus out of pocket expenses
Secondment Allowance 8,000 with a cap of 10% of the fees, cost of travel (in case meeting
to be attended by them takes place outside NCT of Delhi) on
Variable DA: VDA is subject to change every quarter.
actuals and applicable taxes.
Housing: Shri Asit Kumar Jana is drawing HRA.
In accordance with the provisions of Section 148 of the Act
Company Car & Telephone: Car and Telephone to be read with the Companies (Audit and Auditors) Rules, 2014,
provided by the Company or reimbursement to be made as the remuneration payable to the Cost Auditors has to be
per his entitlement. ratified by the shareholders of the Company.
Other Benefits: Shri Asit Kumar Jana is also entitled Accordingly, the Board of Directors recommends the resolution
to reimbursement of cost of spectacles and medical set out at Item No. 10 for approval of the shareholders for
reimbursement for self and dependent family members, ratification of the remuneration payable to the Cost Auditors
briefcase, newspaper reimbursement, leave encashment for the financial year ending March 31, 2021.
etc. as per GAIL Rules, which will be borne by the Company.
None of the Directors / Key Managerial Personnel of the
In addition, he is entitled for incentive under Performance
Company / their relatives is, in any way, concerned or
Related Pay (PRP) as per GAIL rules.
interested in the resolution.
Pension and superannuation benefits: Shri Asit Kumar
Item No. 11.
Jana remains on the roles of GAIL and therefore shall be
governed by the Rules and Regulations of GAIL in respect of In terms of the SEBI (Listing Obligations and Disclosure
superannuation benefit funds. Requirements) Regulations, 2015 (Listing Regulations), GAIL
(India) Limited (‘GAIL’) is a related party of the Company. During
His brief resume, the nature of his expertise in specific
the financial year 2019-20, the Company under a contract
functional areas, names of companies in which he holds
with GAIL (Nominee of Government of India) for NCT of Delhi
directorship, committee memberships/ chairmanships, his
purchased APM gas amounting to Rs. 1169.05 Crores, at a price
determined by Government of India, from time to time.
The Board of Directors recommends the resolution set out in
The purchases under this contract exceed 10% of the annual
item no. 7 & 8 for your approval.
turnover of the Company as per the last audited financial
Other than Shri Asit Kumar Jana and his relatives, none of the statement i.e. of financial year 2019-20. Pursuant to the Listing
Directors, Key Managerial Personnel of the Company or their Regulations, the said transaction is a material related party
relatives are considered to be interested in the resolution. transaction and thus, requires shareholders’ approval by way
of an Ordinary Resolution.
Item No. 9.
Accordingly, the Board of Directors recommends the resolution
Smt. Manisha Saxena was nominated by Government of NCT
set out at Item No. 11 for approval of the shareholders.
of Delhi as a Director of the Company. The Board of Directors
appointed Smt. Manisha Saxena, as an Additional Director Other than Shri P. K. Gupta, none of the Directors, Key
w.e.f. July 21, 2020. Managerial Personnel of the Company / their relatives is, in any
way, concerned or interested in the resolution.
As per the provisions of Section 161 of the Companies Act,
2013, she shall hold office upto the date of Annual General Item No. 12.
Meeting. The Company has received a notice under Section
The Companies Act, 2013 (the Act) was notified in the
160 of the Companies Act, 2013, from a member proposing
Official Gazette on 30th August, 2013 thereby replacing the
his candidature for the Directorship of the Company.
Companies Act, 1956. In terms of provisions of Section 1(3)
Her brief resume, the nature of his expertise in specific of the Act, the Central Government has been empowered to
functional areas, names of companies in which she holds notify and appoint, different dates for different provisions of
Directorships, Committee memberships/ chairmanships, her the Act.
Since substantive Sections of the Companies Act, 2013 are
The Board of Directors recommends the resolution set out in notified, it is proposed to re-cast the existing MoA and AoA
item no. 9 for your approval. of the Company duly aligning with the provisions of the Act
and adopt a revised MoA and AoA accordingly. The major
Other than Smt. Manisha Saxena and her relatives, none of
changes proposed in the said revised MoA and AoA are as
the Directors, Key Managerial Personnel of the Company
under:
or their relatives are considered to be interested in the
resolution. (A) Alteration of Memorandum of Association:
Item No. 10. (i) Alteration in Object Clauses: Company’s vision is to
be India’s leading clean energy solution provider
The Board, on the recommendation of the Audit Committee,
through customer centricity, innovative technology
has approved the re-appointment M/s Ramanath Iyer &
and diversification, with international presence.
Co., New Delhi, Cost Accountants as the Cost Auditor of the
9
Keeping this in view, it is proposed to insert certain Clause III (A) – The objects to be pursued by the
clauses in MoA which is necessary for furtherance of Company are:
the vision of the Company.
Clause III (B) – Matters necessary for furtherance of
(ii) Re-alignment of the Object Clause: the objects specified in Clause III (A).
In the Companies Act, 1956, the objects clause in the (B) Adoption of Articles of Association:
MoA were arranged in following order:
The existing AoA are based on the provisions of the
1. The main objects, to be pursued by the company Companies Act, 1956 and several regulations in the
on its incorporation i.e. main objects. existing AoA contain reference to specific Sections of
the Companies Act, 1956 and some regulations in the
2. Objects incidental or ancillary to the attainment
existing AoA are no longer in conformity with the Act.
of the main objects.
Hence, the AoA is proposed to be revised duly aligning
3. Other Objects. with the applicable provisions under the Act.
As per the Companies Act, 2013, a Company can The aforesaid alteration in the MoA and revision of AoA
have only following objects clause in its MoA. and the consequent proposal for adoption of new set of
1. The objects to be pursued by the company on MoA and AoA require the approval of member by way of
its incorporation i.e. main objects. Special Resolution as provided under the Act.
2. Matters which are necessary for furtherance of Accordingly, the Board of Directors recommends the
the main objects. resolution set out at Item No. 12 for approval of the
shareholders as a Special Resolution.
In order to meet the said requirements of the Act,
it is proposed to merge the Objects of the existing None of the Directors, Key Managerial Personnel of the
MoA as listed under Clause III (C) – “Other Objects” Company and their relatives is in any way interested or
with Clause III (B) – “Objects Incidental or Ancillary to concerned in the resolution.
the attainment of the Main Objects” and renumber
the clauses accordingly. By Order of the Board
Further, in accordance with the Table A of the
Schedule I of the Act, the Clause III (A) and III (B) of Sd/-
the MoA of the Company, proposed to be regrouped Place : New Delhi (S. K. Jain)
as under: Date : August 26, 2020 Company Secretary
10
DETAILS OF DIRECTORS SEEKING APPOINTMENT/RE-APPOINTMENT IN ANNUAL GENERAL MEETING

FIXED FOR SEPTEMBER 28, 2020
Name of the Shri R. P. Natekar Shri P. K. Gupta Shri E. S. Shri A. K. Jana Smt. Manisha Saxena
Director Ranganathan
Date of Birth August 11, 1962 March 14, 1961 May 30, 1963 March 3, 1962 February 2, 1972
Date of January 14, 2019 July 1, 2020 May 01, 2020 June 16, 2020 July 21, 2020
Appointment/
Re-appointment
Qualification M.com, MBA, ICWA, B. Tech in Mechanical Instrumentation & Graduation in Production IAS
Executive MBA from Engineering control engineer (Mechanical) Engineering
Indian School of and post graduate
Business in management
(specialization in
marketing)
Expertise He has spectrum of He has more than 33 He has rich and He has vast experience She is an lAS officer
in specific experience inter alia years of rich and diverse vast experience in project execution of and presently holding
functional area Head of LPG business, experience in Oil & of pipeline project construction, commissioning position of Secretary
Head of Industrial and Gas Sector, particularly execution, operation & and O&M of Gas Processing cum Commissioner
Commercial business, in Project Execution maintenance of natural Plant & LNG terminal, rotary (Transport) in Govt. of
Head of treasury, along with Operation gas pipelines and equipment, and Natural NCT of Delhi.
Heading various & Maintenance of compressor stations. Gas and LPG pipelines. He
functions in finance. Natural Gas Pipelines, has represented GAIL in
Currently, he is an Gas Processing development of BIS standard
Executive Director- Units, City Gas on Gas Turbines (IS- 15664
Planning & Corporate Distribution, Natural to 15666) as Subject Matter
Affairs at BPCL. Gas & Petrochemical Expert (SME) and has
Marketing and Human developed various policies
Resources. Currently, he and procedures in GAIL (India)
is Director (HR) in GAIL Limited with the objective of
(India) Limited. adopting the best practices.
List of other Maharashtra Natural GAIL (India) Limited Central U. P. Gas Nil Delhi State Civil
Companies Gas Limited, Bharat Limited (during his Supplies Corp. Ltd.
in which Gas Resources Limited, tenure as Managing Delhi Tourism &
Directorship Sabarmati Gas Limited Director) Transportation
held & Haridwar Natural Development
Gas Private Limited Corporation Ltd
Shahjahanbad
Redevelopment
Corporation
Delhi Transport
Infrastructure
Development
Corporation
Delhi Integrated Multi
Modal Transit System
Limited
Chairman/ Finance & Accounts GAIL (India) Limited Nil Nil Nil
member of Committee- Sabarmati – Stakeholders
the Committee Gas Limited – Relationship Committee
of Board of Chairman, Nomination – Member
Directors Remuneration
of other Committee –
Companies Maharashtra Natural
Gas Limited- Member
Shareholding in Nil Nil 500 shares Nil Nil
the Company
Relationship No No No No No
with other
Directors
11
Notes
2 1 st A n n u a l R e p o r t 2 0 1 9 - 2 0
CLEAN ENERGY.
SUSTAINABLE
TOMORROW.
Clean Energy.
Sustainable Tomorrow.
Growing environmental concerns and
imminent threats to our ecosystem
have compelled the world to identify
opportunities for developing clean
energy. Pledges to reduce emissions
and meet long-term sustainability
goals have also prompted innovative
ideas to safeguard our planet.
Indraprastha Gas recognizes the need to capitalize on shifting

preferences for cleaner sources of energy and aspires to
responsibly deliver natural gas to transport, domestic, commercial
and industrial customer base. As a leading city gas distribution
company, we aim to be the preferred choice for safe, convenient
and reliable energy.
With a vision to enhance the reach of clean fuel further, we
are embracing technology to build capacity and inculcating
innovative procedures to ensure operational agility and
efficiency. Equipped with the resources to fulfil the rising demand
for natural gas, we plan to further strengthen our infrastructure
and expand our network to promote clean energy and harness a
sustainable future.
CONTENTS
Chairman’s Message
02 Balance Sheet
80
Financial Highlights
04 Statement of Profit and Loss
81
Board of Directors
05 Statement of Changes in Equity
82
Directors’ Report
06 Cash Flow Statement
83
43 85
Summary of Significant Accounting Policies
Report on Corporate Governance
and other Explanatory Information
Management Discussion and Analysis

56 Comments of C&AG – Supplementary Audit
128
Business Responsibility Report
60 Consolidated Financial Statements
129
Independent Auditor’s Report
70
Forward looking statement
Some information in this report may contain forward-looking statements.

We have based these forward looking statements on our current beliefs,
expectations and intentions as to facts, actions and events that will or
may occur in the future. Such statements generally are identified by
forwardlooking words such as “believe,” “plan,” “anticipate,” “continue,”
“estimate,” “expect,” “may,” “will” or other similar words. A forward-looking
statement may include a statement of the assumptions or basis underlying
the forward-looking statement. We have chosen these assumptions or basis
in good faith, and we believe that they are reasonable in all material respects.
However, we caution you that forward looking statements and assumed facts
or bases almost always vary from actual results, and the differences between
the results implied by the forwardlooking statements and assumed facts or
To view the report online log on to
bases and actual results can be material, depending on the circumstances.
www.iglonline.net
CHAIRMAN’S MESSAGE
Dear Shareowners,
Let me first convey my good wishes to all Profit After Tax (PAT) increased by 44.5 % added around 1,300 new commercial
of you for safety and good health during from Rs. 787 Crores in FY 2018-19 to Rs. and industrial customers.
this period of pandemic Covid-19. 1,137 Crores in FY 2019-20. Both gross
turnover and PAT of FY 2019-20 have The government is giving thrust to
I am pleased to share that today your been the highest in the history of the natural gas to make India as a gas based
Company is one of the leading City Gas Company. Your Board of Directors have economy. CGD sector is emerging as
Distribution (CGD) companies of the recommended dividend of 140% i.e. Rs. one of the high growth potential sectors
country catering to more than 1.1 million 2.80 per share, the highest dividend so in India. After completion of 10th round
CNG vehicles, 1.4 million domestic PNG far in a financial year. of bidding by PNGRB, 70% of country’s
customers and over 5,500 commercial population and 50% of its total area have
& industrial customers. This has been Besides good financial performance, been covered under CGD network. The
possible with the collaborative efforts of your Company continued its drive to government has taken various steps to
all stakeholders of the Company. augment its infrastructure by adding 55 promote CGD companies inter alia full
new CNG stations and around 1,600 Kms allocation of gas for PNG domestic and
Your Company has been showing of pipeline network. During the year, the transport requirements, giving public
consistently good performance and Company provided more than 2.72 lacs utility status and framing CGD model
the financial year 2019-20 showed new PNG domestic connections which is policy. These measures coupled with
outstanding performance. During the the highest number of connections in a the start of Gas Exchange and envisaged
year, gross turnover showed a growth of single financial year in the history of the revision in transport tariff policy are likely
12.5% increasing from Rs. 6,337 Crores Company as well as of any other CGD to add growth in the sector.
to Rs. 7,131 Crores in the previous year. Company of the country. The Company
02
Indraprastha Gas Limited | 21st Annual Report 2019-20
The changing landscape offers many strengthen its Customer Relationship entrance examination to underprivileged
opportunities for CGD companies. Your Management (CRM) module in SAP. It is students, Self Defence training for
Company being a pioneer in CGD sector promoting digital payment by providing school girls, education programmes at
is geared up to make optimum use of its various platforms to its customers and municipal schools, Skill Development
resources for sustainable future growth. taking other measures for providing for rural women and underprivileged/
better services to them. unemployed youth, construction of
The Company has been reviewing its toilets etc. were undertaken by your
corporate strategy to align it with changing Your Company has always accorded company. The Company has won a
scenario. Besides increasing its customer top most priority to Safety. It has number of awards for its various CSR
base in existing areas, it has made plans to made concerted efforts to maintain projects/programmes at different
roll out CGD network in new geographical a good safety culture and highest forums.
areas at a fast pace for growth of the safety standards. Regular trainings are
Company. Recently, the Company has imparted to drivers, PNG customers, On behalf of the Board of Directors,
started sales in new areas of Kanpur and employees, contractual staff and other I take this opportunity to thank the
Kaithal . The Company is also looking for stakeholders on regular basis. It is a Government of India, Petroleum and
inorganic growth by acquiring stakes in matter of pride that your Company had Natural Gas Regulatory Board and all
other CGD companies. crossed 184 Million Man Hours accident departments of the Central and State
free till 31st March, 2020. The Company governments, our valued Customers,
The Company has taken various new has won various prestigious safety all the authorities and agencies for their
initiatives for its future growth. It is awards from different authorities in unstinted support to your Company .
setting up, in association with Indian recognition of its high safety standards.
Oil Corporation, a H-CNG station as a I, along with my colleagues on the Board,
pilot project, first of its kind in India. The The Company has always given utmost would also like to thank each and every
Company has plans to promote the usage importance to its human capital and try employee of IGL for all the hard work put
of gas in home appliances in households, to make optimum use of their potential in by them.
to start mobile CNG dispensing facilities for the growth of the Company. The
and to provide charging facilities for Company keeps reviewing employee Finally, I would like to thank each one of
e-vehicles. As a backward integration, the related welfare schemes from time to you from IGL’s family of Shareowners, for
Company has a plan to set up a gas meter time to motivate the employees. The the confidence and trust reposed in us.
manufacturing unit in India. The Company Company gives due importance to With your support and blessings, I am
is also looking to leverage its expertise training and development of employees confident that we shall continue to strive
and execution capabilities by providing to upgrade their skills and expertise in to achieve new heights in the coming
consultancy services for setting up CGD various areas. During the year, a number years.
projects. Optimisation of resources and of team building, skill developments and
Stay safe and healthy.
organisational transformation are also sports events were conducted by your
being carried out. All these initiatives Company. The Company recognizes and
will add to the growth and business appreciates the contribution of all its
expansion of the Company. The Company employees in its growth journey.
Warm Regards,
has earmarked total Capex of Rs. 1,370
Crores for FY 2020-21. Your Company, as a responsible
corporate citizen, has been taking
Your Company is also focused to various CSR activities with focus on
customer needs and is continuously health, education, empowerment of
making efforts to improve its services. women & underprivileged and skill
In this endeavour, your Company has development. During FY2019-20,
leveraged information technology CSR programmes such as IGL Swasth
P. K. Gupta
to upgrade its customer app – IGL Saarthi, Building Bonds through Gender
Chairman
connect by adding new features and to Sensitisation, coaching for engineering
03
FINANCIAL HIGHLIGHTS
Gross Turnover (in Rs. Crores) Profit after Tax (in Rs. Crores)
7131 1137
6337
4994 787
4205 671
4052
571
419
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
Dividend (%) Average sales per day (mmscmd)
140 6.44
5.91
120
5.18
100 4.59
85 4.00
60
FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
04
BOARD OF DIRECTORS
Shri P.K. Gupta Shri A.K. Jana Shri Amit Garg Shri R.P. Natekar
Chairman Managing Director Director (Commercial) Director
Ms. Manisha Saxena Smt. Saroj Bala Shri R.S. Sahoo Dr. A.K. Ambasht
Director Director Director Director
Bankers Secretarial Auditors
• ICICI Bank Limited M/s V.K. Sharma & Co.

• IDBI Bank Limited
• State Bank of India Company Secretary
• Axis Bank Limited
Shri S. K. Jain
• Andhra Bank
• HDFC Bank Limited Registered Office
• IndusInd Bank Limited
• IDFC Bank Limited IGL Bhawan, Plot No. 4,
Shri R.N. Misra Shri Deepak Mishra Community Centre, Sector 9,
• HSBC Bank
Director Director
R K Puram, New Delhi -
Statutory Auditors 110022
M/s Walker Chandiok & Co. CIN:

LLP L23201DL1998PLC097614
Cost Auditors
M/s Ramanath Iyer & Co.
05
Directors’ Report
To
The Members
Your Directors have pleasure in presenting the Twenty-first Annual Report and the Company’s audited financial statements for
the Financial Year ended March 31, 2020.
Physical Performance
During the year, the Company recorded sales as under:

Figures in Million Standard Cubic Meters (mmscm)
Product For the Year For the Year % Growth (YoY)
31 March 2020 31 March 2019
Compressed Natural Gas (CNG) 1737.80 1602.81 8.42
Piped Natural Gas (PNG) 619.05 552.52 12.04
Total 2356.85 2155.33 9.35
Average Sales / per day (mmscmd) 6.44 5.91
Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Steel, Government of India at the unveiling of India’s first long range CNG
bus fitted with composite cylinders along with Dr. M.M. Kutty, then Secretary, Ministry of Petroleum & Natural Gas; Shri Ashish Chatterjee, Jt. Secretary,
Ministry of Petroleum & Natural Gas; Dr. D.K. Sarraf, Chairman, PNGRB; Shri Gajendra Singh, then Chairman, IGL & Director (Marketing), GAIL (India) Ltd.;
Shri E.S. Ranganathan, then Managing Director, Indraprastha Gas Limited; Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited and senior
officials from Ministry of Petroleum & Natural Gas; PNGRB, GAIL & IGL.
06
Financial Results
The Company’s financial performance for the year ended March 31, 2020 is summarised below:
(Rs. in Crores)
Items For the Year For the Year
31 March 2020 31 March 2019
Net Sales & Other Income 6641.65 5910.99
Profit before Depreciation & Tax 1667.90 1401.08
Depreciation 252.25 201.07
Profit before tax 1415.65 1200.01
Provision for tax 279.11 413.34
Profit after tax 1136.54 786.67
Other comprehensive income (1.50) (0.94)
Total comprehensive income 1135.04 785.73
Retained Earnings – opening balance 3686.35 3069.40
Add : Profit for the period 1136.54 786.67
Profit available for appropriations 4822.89 3856.07
Appropriations:
Dividends 168.00 140.00
Corporate dividend tax 34.53 28.78
Transferred to general reserve - -
Other comprehensive income recognised directly in retained earnings (1.50) (0.94)
Retained Earnings – closing balance 4618.86 3686.35
Financial Reviews
During the year, the gross turnover of the Company increased from Rs. 6336.66 Crores in FY2018-19 to Rs. 7131.29 Crores in
FY2019-20 showing an increase of 12.54%.
Shri Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Steel, Government of India at IGL’s pavilion during Natural Gas Conclave
organized at New Delhi along with Dr. M.M. Kutty, then Secretary, Ministry of Petroleum & Natural Gas; Shri E.S. Ranganathan, then Managing Director,
Indraprastha Gas Limited; Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited and senior officials from Ministry & IGL.
07
The Profit After Tax (PAT) increased by 44.47 % from Rs. 786.67 more than 90,000 cards are under circulation catering to
Crores in FY2018-19 to Rs. 1136.54 Crores in FY2019-20. 110,000 vehicles. Company has taken more initiatives in
Digital Payments at CNG stations for the benefit of customers,
The Company has prepared the Consolidated Financial wherein UPI payment was introduced at CNG stations
Statements also which includes the Company’s share of profit through wallet payments mode. Also, the company has tied
in its Associates combined on an equity method in accordance up with Bhim UPI for enabling UPI payments collection from
with IndAS 28 - “Investment in Associates and Joint Ventures”. all modes of payment. The combined effort towards digital
The consolidated PAT during FY 2019-20 is Rs. 1248.99 Crores payment collection has helped in a growth of 33% in digital
against Rs. 842.10 Crores in the previous year. payment collection this year vis-à-vis last year.
Company has conducted joint promotion activities with

Dividend
Maruti, Bajaj, Mahindra, Ford and Hyundai at the CNG stations.
Your Directors are pleased to recommend a dividend of 140% Due to constant follow up with the car manufacturers, they
(Rs. 2.80 per share). The proposed dividend would absorb have launched Company fitted CNG variants, which are
Rs. 196 Crores. becoming very popular among the customers and thus
boosting the sales of CNG.
The Company has Dividend Distribution Policy in terms
of the requirement of SEBI (Listing Obligations Disclosure Piped Natural Gas Business
Requirements) Regulations, 2015. The Policy is available on
PNG - Domestic Connections
the website of the Company under the web-link: https://www.
iglonline.net/5000_media/Dividend-Distribution-Policy.pdf PNG continued to be focus area of the Company during FY
2019-20. Total more than 2.72 Lakhs new connections were
Performance Highlights provided which is the highest number of connections in a
single financial year in the history of the Company. In order to
Compressed Natural Gas Business create the PNG awareness further amongst target customers,
a successful integrated campaign was run during the year.
During the year, your Company showed growth of 8.4% in
CNG business besides augmenting its CNG infrastructure in Your Company increased its steel pipeline network from 1006
Delhi and NCR. The Company achieved a new milestone by kms in FY 2018-19 to 1150 kms in FY 2019-20 and its MDPE
setting up 550th CNG station in FY 2019-20. The Company network from 12,022 kms in FY 2018-19 to 13,455 kms in FY
was catering to 11.45 Lakhs vehicles in Delhi & NCR. 2019-20.
The Company had introduced prepaid card for its CNG

customers in order to promote digital payments. Till now
Shri A K Jana, Managing Director and Shri Amit Garg, Director (Commercial), Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited briefing
Indraprastha Gas Limited inaugurating IGL’s 7th CNG station in Gurugram, Shri Dharmendra Pradhan, Hon’ble Minister for Petroleum & Natural
Haryana. Gas and Steel, Government of India during his visit at IGL’s Integrated
Command & Control Centre located at Kaka Nagar, New Delhi.
08
The Company has taken many new initiatives such as digital In Delhi, Delhi Pollution Control Committee (DPCC) has
marketing, 360-degree PNG publicity drive including launch banned all other industrial fuels except PNG and has advised
of Mobile Promotional Vehicle & increasing customer contact all industrial customers (wherever PNG is available) to
channels through Mobile App, QR Code, IGL Website etc., and switchover to PNG. Your Company has efficiently co-ordinated
successfully running many attractive customer schemes to to implement the mandate given by DPCC by facilitating
increase the PNG customer base. industrial customer for smooth switchover to PNG supply. In
this regard, your company has been able to convert ~90% of
Your Company has futuristic customer centric approach and Industrial Customers located in NCT of Delhi on to PNG Supply.
aims to be the best in the CGD sector. The year has witnessed In order to curb down air-pollution levels and to increase
launch of various digital initiatives which has also attributed natural gas volumes, your Company has targeted diesel
to strengthen Customer Relationship Management. Special Genset segment, wherein PNG would replace use of diesel
focus has been made to strengthen the meter reading, billing in Gensets. Similarly, with the ban of Furnace Oil (FO) and
and bill delivery processes, which has led to the enhanced Petcoke in NCR by Hon’ble Supreme Court, PNG is emerging
customer satisfaction. Path breaking self-billing option via as the key energy source for Commercial & Industrial users,
IGL CONNECT mobile application has proven to be extremely offering immense opportunities for growth. IGL’s PNG network
useful and widely acknowledged in unprecedented pandemic is widely available among various Industrial clusters of Delhi
situations like Covid-19. and NCR towns of Ghaziabad, Gautam Budh Nagar & Rewari,
your company is working with a focused approach to further
The Company had total 13.74 Lakh connections in Delhi &
expand/ strengthen pipeline network by providing last mile
other geographical areas as on March 31, 2020.
connectivity to the Industrial establishments.
PNG – Commercial & Industrial
Your company is also working in a collaborative and
During the financial year, your Company continued its thrust participatory approach with state pollution control boards,
on the Commercial & Industrial segment which is one of the so as to work out an action plan to convert all industrial
potential growth areas in the coming years. Your Company units to PNG (wherever IGL’s PNG network is available). In
achieved a growth of around 22% in sales volume in Industrial a milestone to further expand its footprint, your company
Segment & around 8% in Commercial Segment during has been able to execute Gas Sale Agreements (GSA) with
financial year 2019-2020. In terms of number of customers, Industrial Customers in Karnal Geographical Area (GA) which
the industrial customer base increased from 1,770 in March, would facilitate increase in consumption of Natural Gas (NG)
2019 to 2,435 in March, 2020 and Commercial customer base volumes.
increased from 2,506 in March 2019 to 3,143 in March, 2020.
Shri E.S. Ranganathan, then Managing Director and Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited launching Mobile Health Van as a
part of IGL Swasth Saarthi, a CSR programme of IGL for preventive health care of Auto & Taxi drivers in Delhi & NCR in the presence of senior officials
from IGL and St. Stephens Hospital.
09
Associate Companies
Central U. P. Gas Limited (CUGL)
CUGL is engaged in City Gas Distribution in the cities of Kanpur,

Bareilly, Jhansi and Unnao in Uttar Pradesh. Your Company
holds 50% of the paid-up equity share capital of CUGL.
CUGL achieved a gross turnover of Rs. 345.33 Crores and

Profit After Tax of Rs. 73.64 Crores for the financial year ended
March 31, 2020.
Maharashtra Natural Gas Limited (MNGL)
MNGL is in City Gas Distribution business in Pune, Pimpri,

Chinchwad, Chakan, Talegaon and Hinjewadi, Nasik GA
(Nasik, Dhule & part of Valsad), Sindhudurg GA in the state of
Maharashtra and Ramanagara GA in the state of Karnataka.
Your Company holds 50% of paid-up equity share capital of
MNGL.
MNGL achieved a gross turnover of Rs. 1074.45 Crores and

Shri E.S. Ranganathan, then Managing Director, Indraprastha Gas Limited
Profit After Tax of Rs. 223.33 Crores for the financial year
addressing various vendors of IGL, during a Vendor’s Meet organized by
ended March 31, 2020. the company in the presence of Shri Amit Garg, Director (Commercial) and
other senior officials from IGL.
The statement containing the salient features of the financial
statements of Company’s Associates pursuant to the first
During the current financial year 2020-21, overall sales
proviso to sub-section (3) of Section 129, is appended as
volume of the company has been impacted due to pandemic
Annexure 1 to this Report.
COVID-19 and countrywide lockdown. The sales volume are
now picking with the ease down of lockdown situation and
Future Outlook expected to improve further in the coming months. Project
execution activities which came to a standstill earlier have
Your Company has been looking for organic as well as
now started gaining momentum.
inorganic growth as part of its corporate strategy.
Despite all challenges posed by COVID-19, your company
is making concerted efforts to expand its business in
existing areas of operations and to start operations in new
geographical areas.
The matter of taking over the entire CGD activities in

Gurugram district from Haryana City Gas Distribution Pvt.
Ltd. is sub-judice in the Hon’ble Supreme court of India.
In its areas of operations, there are growth drivers which

shall contribute to the sales volume in all segments of the
Company’s business.
It is expected that the price differential of CNG and liquid fuel

will continue to drive the conversion of petrol-driven private
vehicles to CNG mode. DTC and DIMTS have plans to add
1000 and 400 new CNG buses respectively in their fleet which
would add to CNG sales of the Company. With the spread
of CNG in new geographical areas, car manufacturers are
Shri Vinay Pratap Singh, then Deputy Commissioner, Karnal inaugurating coming out with new CNG variants cars.
the regional office of Indraprastha Gas Limited at Karnal in the presence
of Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited and Your company is participating substantially under SATAT
senior IGL officials. (Sustainable Alternate towards Affordable Transportation)
10
Prof. K. Vijay Raghavan, Principal Scientific Adviser to Govt. of India; Dr. R K Tiwari, Principal Commissioner (Hort.), DDA; Shri A K Jana, Managing Director,
IGL and Shri Amit Garg, Director (Comm.), IGL during signing of tri-partite MoU between Indraprastha Gas Limited, Delhi Development Authority and
Office of Principal Scientific Adviser to Govt. of India for development of a Carbon Sink at Barapullah Drain near Sarai Kale Khan, Delhi.
initiative of MoPNG by issuing Letter of Intent(s) to facilitate The Company has earmarked Rs. 1370 Crores for FY 2020-21
waste management and promote use of Bio-Gas. The for capital expenditure.
Company is also collaborating with IOCL to set up a pilot
project of HCNG station at Rajghat for DTC buses. To promote
Information Technology
inter-city public transport, IGL has recently launched Type IV
cylinder long-haul buses. Your company has always appreciated the need to strengthen
the core infrastructure of IGL IT landscape, which remains
In PNG domestic segment also, the Company is working
the foundation of all the business and customer centric
aggressively to meet the high target. Also, thrust will be given on
applications supporting various growth and expansion
bringing all services on a single digital platform for customers.
initiatives. Aligned with business strategy, IGL’s technological
All types of customer request will be entertained via mobile
initiatives are implemented in such a manner that they keep
application. Your company is trying to make effective use of
pace with the business growth and changing requirement.
Artificial Intelligence to smoothen the process of customer
With geographical expansion through acquiring new GAs,
interaction with IGL at various touchpoints.
your company has also extended the network connectivity
Company has bagged bulk order from Armed Forces to to these locations for facilitating the seamless running of IT
convert their canteens, jawan langars, officers’ mess and operations.
other such establishments from LPG to PNG. Ministry of
Besides the network connectivity, the hardware infrastructure
Defence, Government of India (GoI) has facilitated this shift
hosting the critical customer centric application viz. Customer
from LPG to PNG by bringing suitable policy changes. This will
Relationship Management (CRM) was augmented to provide
add to the gas volumes in commercial & exempted category
more resources for ensuring best performance and optimal
in PNG segment in Delhi – NCR.
running of applications. This, in turn, helps in extending
In the coming years, it is expected that other State Pollution seamless services to customers. Your company is aware of
Control Boards mainly in NCR would also mandate use of the significance of strengthening security infrastructure to
PNG by Industrial Customers in line with DPCC direction, safeguard the sensitive data and information from any loss or
thereby giving further boost to Natural Gas volumes. breach amid rapid deployment of portal based applications
for interaction with customers, vendors and employees. Your
The Company is also looking for expanding its operation company has implemented Cisco Umbrella as cloud based
through merger or acquisition of stakes in other CGD DNS solution, Cisco Web content filtering and, Symantec End-
Companies in the country. point Detection and Remediation (EDR) solution for securing
11
IGL cyber systems against any cyber-attacks. Implementation
of enterprise class Firewall at corporate office and remote
sites was also carried out to further strengthen the security
infrastructure.
Your company has been continuously striving to achieve

enhanced service levels to customers by extending best in
class applications through leveraging latest technology and
best industry practices. These applications include various
Apps and Portals interfacing with employees as well as
customers. Various enhancements to IGL community App for
employees, i.e. IGLOO, were performed with respect to user
interface and new functionalities. IGL’s customer App – IGL
Connect also witnessed revamp of the user interface as well
as enhancement/improvisation including self-billing and spot
billing features. A new chat-bot feature was also introduced
in customer app and website for providing a virtual assistant,
as additional mode for interacting with customers. Your
Sadhvi Niranjan Jyoti, Hon’ble Minister of State for Rural Development,
Company has also extended the SAP and CRM functionalities Government of India inaugurating City Gas Distribution project of
to integrate with third party prepaid meter vendors for Indraprastha Gas Limited in district Fatehpur, Uttar Pradesh.
efficient billing of prepaid customers in new GAs.
During the year, employees were encouraged to participate
Your company has taken all possible measures to fight in various events like Cyclothon, Delhi Half Marathon, IGL Fit
Covid-19 pandemic and has leveraged latest technology Movement, Preventive Health Check-ups and Yoga / Stress
to ensure business continuity and unhindered customer Management Sessions to take care of employee’s health & fitness.
services in these difficult times. Your company rolled out MS
Teams collaboration platform at the very onset of Covid-19 During the year, the Company inducted various young talented
lockdown, along with various other measures including professionals at entry level to infuse knowledge and talent in
contact less attendance punching through mobile app. the professional sphere. The comprehensive Induction Trainings
has also been imparted to these new entry level professionals.
Your company is well placed to leverage the latest Your Company has maintained harmonious, cordial and healthy
developments in the technological field towards objectives relations among its employees.
such as business process optimisation, more efficient
operations and enhanced experience for all the stakeholders. Your Company recognizes the contribution of its employees in its
growth.
Human Resources
Health Safety and Environment (HSE)
IGL values its human resources and is always committed in
providing them an environment of learning and growth. Various Being in the sector of city gas distribution, Safety is accorded
welfare measures, employee oriented policies drive the human the top priority by your company at every stage of its
resources to deliver their best in achieving the organizational business and good safety culture is maintained throughout its
performance. So, the Company is taking care of its employees operations.
through different interventions viz. Development Centre for
It is matter of great pride that your Company has crossed
Manager & above level, Psychometric Assessment tool for below
184 Million Man Hours accident free till March 31, 2020. This
Manager level. The Company reviews from time to time HR Policies
has been possible through consistent hard work by every
/ benefits of its employees to make them more competitive and
individual working directly or indirectly for the company.
aligned with best industry practices.
To ensure safety at our operations, safety trainings are
Learning and Development of employees forms an integral part
regularly imparted to all employees and contract staff working
of the Company’s Policy towards accomplishing organizational
for the company. Safety awareness programs are regularly
goal. The continual imparting of training, both technical and non-
conducted for CNG and PNG consumers through fully
technical, is necessary for the growth of employees. During the
equipped mobile training van. Safety clinics are organized to
year, employees were provided with the best of trainings viz.
check conditions of vehicle’s CNG kits routinely. Also, safety
young achievers program, effective communication for Senior
information is broadcasted regularly through FM Radio for
Management and outdoor team building exercises. awareness of CNG/PNG customers and general public.
12
During this Covid-19 pandemic, your company has ensured Your Company has strategically aligned many of its CSR activities
24X7 uninterrupted gas supply to its customers ensuring to create value for the society. Your Company has identified
all safety precautions & sensitization of man, machine health, education, empowerment of women & underprivileged
& customers. Social distancing and Covid-19 prevention and skill development as its major focus areas, on which most of
awareness programs were conducted for the employees, the CSR programmes are targeted.
staff and customers. Digital platforms are being used to
conduct online meetings and interactions to ensure all safety The Company realizes that good health of public transport drivers
precautions. is paramount to ensure safety on the roads. Therefore, your
Company carried forward “IGL Swasth Saarthi” – a comprehensive
All activities and operations are carried out through Standard health management programme for auto and taxi drivers in Delhi
Operating Procedures and Permit to Work system to ensure and NCR, wherein a series of comprehensive Health camps are
safety at sites. being organized at various CNG stations, through a well-known
hospital. Further, a group accident insurance cover is being
In line with your company’s HSE policy, safety audits and other
provided to all drivers of CNG run commercial/ public transport
statutory compliances are done to ensure safety at all facets
vehicles in Delhi, Noida, Greater Noida & Ghaziabad under “IGL
of IGL’s operations.
Suraksha Yojna”. Your company has also conducted preventive
Emergency Control Centres (ECC) are functional at strategic healthcare camps for commercial drivers in its new Geographical
locations across Delhi & other geographical areas and are Area of Karnal.
manned round the clock to respond fast to any gas leak or
emergency situation. Mock drills are carried out regularly to “Building Bonds through Gender Sensitization”, a key CSR project
check preparedness to control emergencies and during FY of your company is a training programme for taxi, bus and auto
2019-20, IGL participated in Level 3 Emergency Mock drill drivers in Delhi, Noida & Gurugram aimed at making commute in
conducted by National Disaster Management Authority. public transport safe for the women. Under its CSR programme
“Move Without Fear”, your company has provided self-defence
training to the adolescent girl students of government schools
through an NGO. Special training as advanced sewing machine
operators has been provided to rural women & men from villages
in Noida & Greater Noida to empower them to earn on their own.
Further, as part of project “Vidya Vahini” your company provided
transport facilities in form of buses for college going girls in its
new Geographical area of Kaithal.
Fire & Safety training at a residential colony in New Delhi.
Your Company has been conferred Safety Innovation Award

by Institute of Engineers and Certificate of Appreciation from
National Safety Council to recognize the excellence in the field
of Fire & Safety management during FY 2019-20.
Corporate Social Responsibility

Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited
Your Company is fully conscious of its Corporate Social presenting course completion certificates to the rural women trained as
Responsibility (CSR). In addition to carrying forward various Advanced Sewing Machine Operators under a CSR programme of IGL in the
CSR projects started in the earlier year, many new ones were also presence of Shri E.S. Ranganathan, then Managing Director, Indraprastha
initiated in FY 2019-20. Gas Limited and senior officials from IGL and Amity Humanity Foundation.
13
Your Company has been supporting meritorious students from Directors Responsibility Statement
under-privileged strata of society for specialized coaching for
engineering entrance examination, through a scheme run by an Pursuant to the provisions of Section 134 (5) of the Companies
NGO for the last ten years. Your company has also been supporting Act, 2013, your Directors hereby confirm that:
several Municipal schools in Delhi through its remedial education
i. In the preparation of Annual Accounts for the financial
and library based education programmes through NGOs.
year ended March 31, 2020, the applicable accounting
Considering the ever growing demand for skilled manpower standards have been followed;
across sectors as a result of ‘Make in India’ programme, your
ii. they have selected such accounting policies and applied
Company is contributing towards Skill Development programmes
them consistently except where otherwise stated in the
for unemployed youth, in the fields of gas plumbing and welding,
Notes to Accounts and made judgments and estimates
by providing technical oriented quality training. A Gas Plumbing
that are reasonable and prudent so as to give a true and
Training Centre set up by your Company in a government run
fair view of the state of affairs of the Company at the end
ITI has been running a special module for providing specialised
of the financial year and of the profit of the Company for
skills to ITI students related to gas plumbing. Your company
that period;
has also been providing skill development training to several
underprivileged youths to enhance employability in multiple fields iii. They have taken proper and sufficient care for the
such as gas plumbing, mobile phone hardware repair technician, maintenance of adequate accounting records in
CCTV installation technician, assistant beauty therapist, home accordance with the provisions of the Companies Act,
appliances technicians, and automotive service technician & 2013 for safeguarding the assets of the Company and for
tailoring at Delhi, Ghaziabad and Rewari. preventing and detecting fraud and other irregularities;
Your company has also been contributing towards Nation’s fight iv. They have prepared the Annual Accounts for the Financial
against the pandemic Covid-19 in form of relief material such Year ended March 31, 2020 on a going concern basis;
as food, dry ration and hand sanitizers to the needy people
across Delhi & NCR. Your company continues to be one of the v. They have laid down internal financial controls to be
stakeholders of Road Safety Cell of Delhi Traffic Police and actively followed by the Company and that such internal financial
supports all Road Safety Campaigns of Delhi Traffic Police. controls are adequate and were operating effectively;
and
The annual report on CSR activities in accordance with the
Companies (Corporate Social Responsibility Policy) Rules, 2014, vi. They had devised proper systems to ensure compliance
is appended as Annexure 2 to this report. with the provisions of all applicable laws and that such
systems were adequate and operating effectively.
Your company received following awards for its CSR activities
during FY 2019-20, some of which are mentioned below:
Directors
1. Project Roshni, the preventive health care programme
for Government school children was awarded at CSR Smt. Renu Sharma, nominee of Govt. of NCT of Delhi, was
Community Initiative Awards, 2019 during CSR Leadership appointed as an Additional Director of the Company in place
Summit. of Shri Rajeev Verma w.e.f. December 1, 2019.
2. ‘Move Without Fear, the self-defence training programme Shri A. K. Jana, nominee of Gail (India) Limited (GAIL), was
for school girls was recognized at National CSR Summit & appointed as the Managing Director of the Company in place
Awards, 2019 organized at New Delhi. of Shri E.S. Ranganathan w.e.f. June 16, 2020.
3. ‘Project Roshni’, was awarded at 4th Social Imprints North Shri P. K. Gupta, nominee of Gail (India) Limited (GAIL),
East CSR Awards & Summit. was appointed as a Chairman w.e.f. July 01, 2020 and Shri
Gajendra Singh ceased to be Director of the Company.
4. ‘Project Roshni’ was also awarded under the category
‘Swasthya Kalyan’ at ‘Social and Business Enterprise Smt. Manisha Saxena, nominee of Govt. of NCT of Delhi, was
Responsible Awards, 2019’. appointed as an Additional Director of the Company in place
of Smt. Renu Sharma w.e.f. July 21, 2020.
5. Two of IGL’s key CSR programmes ‘’Move Without Fear”
and ‘’IGL Swasth Saarthi” were recognized at 3rd Social In terms of Section 152 of the Companies Act, 2013, Shri R.
Imprints CSR Awards and Summit 2019. P. Natekar, Director of the Company, is liable to retire by
rotation at the ensuing Annual General Meeting and being
eligible has offered himself for re-appointment.
14
Shri E.S. Ranganathan, then Managing Director and Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited presenting dividend cheque for FY
2018-19 to Shri Anil Baijal, Hon’ble Lieutenant Governor of NCT of Delhi, in presence of senior IGL officials.
The Board takes this opportunity to place on record its The Board of Directors carried out the evaluation of every
appreciation for valuable contribution made by Shri Gajendra Director, Committees of Board and the Board as a whole,
Singh, Shri E. S. Ranganathan, Shri Rajeev Verma and Smt. based on the laid down criteria of performance evaluation.
Renu Sharma during their tenure as the Directors of the
Company. In the opinion of the Board of Directors, independent
directors appointed during the year have required integrity,
The Company has received declarations from all the expertise and experience.
Independent Directors of the Company confirming that
they meet the criteria of independence as provided under
Corporate Governance
section 149(6) of the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, As per the requirement of the Listing Regulations, a detailed
(hereinafter referred to as the “Listing Regulations”). Report on Corporate Governance and certificates regarding
compliance of conditions of Corporate Governance are
The details of programmes for familiarization of Independent annexed as part of the Annual Report.
Directors with the Company are put up on the website of
the Company, i.e., http://www.iglonline.net//english/5000_ Remarks referred to in the Auditors’ Certificate on Corporate
media/Investor_Relations/Familiarization-Programmes-for- Governance for FY 2019-20 of M/s V. K. Sharma & Co.,
Independent-Directors.pdf. Practicing Company Secretaries are self-explanatory and do
not call for any further comments.
The Nomination & Remuneration Committee considers
various criteria such as age, qualification, expertise, diversity
in composition of Board and likely contribution to the
Company while recommending the name of the Independent As per the requirement of the Listing Regulations, a detailed
Directors. Report on Business Responsibility is annexed as part of the
Annual Report.
15
Deposits Related Party Transactions
During the financial year 2019-20, your Company has not Policy on materiality of Related Party Transactions and on
accepted any deposit within the meaning of Sections 73 dealing with Related Party Transactions has been disclosed
and 74 of the Companies Act, 2013 read together with the on the website of the Company at: - https://www.iglonline.net/
Companies (Acceptance of Deposits) Rules, 2014.. english/5000_media/About_us/Related-Party-Policy.pdf
Details of transactions with related parties are being disclosed

Particulars of Loans, Guarantees or Investments
separately in the Annual Report. One contract with GAIL
During the financial year 2019-20, your Company has not qualify as material transactions under Listing Regulations, the
granted loans nor given guarantee nor made any investments. same is being placed for shareholders’ approval in the ensuing
Annual General Meeting (AGM).
Amount which the Company proposes to carry

to any Reserves, if any Prevention of Sexual Harassment at Workplace
For the financial year 2019-20, your Company has not As per the requirement of The Sexual Harassment of Women
transferred any amount to the general reserve of the at Workplace (Prevention, Prohibition & Redressal) Act, 2013
Company. and Rules made thereunder, your Company has constituted
Internal Complaints Committee (ICC). During the financial year
Number of Meetings of the Board and Audit 2019-20, no complaint with allegation of sexual harassment
Committee was received by the Company.
The details of the number of meetings of the Board and

Audit Committee held during the financial year ended March
31, 2020 and composition of Audit Committee are given in
Corporate Governance Report.
Shri E.S. Ranganathan, then Managing Director, Indraprastha Gas Limited presenting dividend cheque for FY 2018-19 to Dr. Ashutosh Karnatak, then
Chairman & Managing Director, GAIL (India) Ltd. in the presence of Shri Amit Garg, Director (Commercial), Indraprastha Gas Limited and senior officials
from IGL & GAIL.
16
Risk Management and Internal Financial Control to conduct the Secretarial Audit of the Company for the
Adequacy FY 2019-20. The Report of Secretarial Auditor for the FY 2019-
20 is appended as Annexure 3 to this report.
Your Company has Risk Management System in place
including the Risk Policy & identification of the Risks which Remarks referred to in the Secretarial Auditors’ Report for
are reviewed periodically. The Company has also Risk FY 2019-20 of M/s V. K. Sharma & Co., Practicing Company
Management Committee as per the requirement of the Secretaries are self-explanatory and do not call for any
Listing Regulations. further comments.
Your Company has laid down a set of standards, processes

and structure for internal financial control across the
Disclosures Regarding Remuneration
organization and ensures that the same are adequate and Disclosures pertaining to remuneration and other details as
operating effectively. required under Section 197(12) of the Companies Act, 2013
read with Rule 5(1) and 5(2) of the Companies (Appointment
Vigil Mechanism and Remuneration of Managerial Personnel) Rules, 2014 is
appended as Annexure 4 to this report.
The Company has a well-defined Vigilance framework which
provides a platform to the employees, directors, vendors,
suppliers and other stakeholders of the Company to come
Extract of Annual Return
forward and raise their genuine concerns without any fear Extract of Annual Return of the Company is appended as
of retaliation and victimization. The Company has engaged Annexure 5 to this report.
an independent third party service provider for complaint
management under the whistle-blower platform. The details
of the Whistle Blower Policy are available on the website of Statutory Auditors
the Company: www.iglonline.net. Besides Whistle Blower
In exercise of powers conferred by Section 139 of the
Policy, the Company has also framed Vigil Mechanism policy
Companies Act, 2013, the Comptroller and Auditor General of
under which the stakeholders can lodge their complaint(s) to
India (CAG) vide its letter dated August 7, 2020 has appointed
Chief Ethics Officer of the Company.
M/s Datta Singla & Co., Chartered Accountants as Statutory
Auditors of the Company for the FY 2020-21.
Cost Auditors
The Notes on financial statements referred to in the Auditors’
Your Company had appointed M/s Ramanath Iyer & Co., New Report for FY 2019-20 of M/s Walker Chandiok & Co. LLP,
Delhi as Cost Auditors for the FY 2019-20. Chartered Accountants are self-explanatory and do not call
for any further comments.
As per Section 148 read with Companies (Audit & Auditors)
Rules, 2014 and other applicable provisions, if any, of the Review and Comments of CAG, on Standalone and
Companies Act, 2013, the Board of Directors of your Company Consolidated financial statements for the FY 2019-20 form
has re-appointed M/s Ramanath Iyer & Co., New Delhi, Cost part of financial statements of the Company.
Accountants, as the Cost Auditors of the Company for the
FY 2020-21. The remuneration proposed to be paid to the
Conservation of Energy and Technology
Cost Auditors is subject to the ratification by the members at
Absorption, Foreign Exchange Earnings and
the ensuing Annual General Meeting of the Company.
Outgo
Your Company is maintaining cost records as specified by
The information in accordance with the provisions of Section
the Central Government under Section 148 of the Companies
134 (3) (m) of the Companies Act, 2013 read with Rule (8)
Act, 2013.
of the Companies (Accounts) Rules, 2014 is appended as
Annexure 6 to this report.
Secretarial Auditors and Secretarial Audit
Report
Pursuant to Section 204 of the Companies Act, 2013, your

Company had appointed M/s V. K. Sharma & Co., Practicing
Company Secretaries, Noida, as its Secretarial Auditors
17
Acknowledgements The Directors wish to express their gratitude to all the
shareholders for their continued trust and support.
Your Directors express their gratitude to the Ministry of
Petroleum & Natural Gas, State Governments of NCT of Delhi, The Directors also sincerely acknowledge the contributions
Uttar Pradesh, Haryana & Rajasthan, Petroleum and Natural made by all the employees of IGL for their dedicated services
Gas Regulatory Board, and Promoter Companies (GAIL & to the Company.
BPCL) for their continuous guidance & support throughout
the year.
For and on behalf of Board of Directors
The Directors also acknowledge the support of all Statutory &
Local Authorities, Bankers, Media, Station Operators & their
employees, contractors, vendors and suppliers. Sd/- Sd/-
A. K. Jana Amit Garg
The Directors place on record their deep appreciation towards Managing Director Director (Commercial)
IGL’s valued customers for their continued patronage support
and look forward to the continuance of this relationship in Place: New Delhi
future also. Date : August 26, 2020
Shri Dharmendra Pradhan, Hon’ble Minister for Petroleum & Natural Gas and Steel, Government of India presenting ‘City Gas Distribution – Established
Company of the Year Award’ to Indraprastha Gas Limited. Shri E.S. Ranganathan, then Managing Director, IGL receiving the award in presence of Shri Amit
Garg, Director (Commercial), IGL and senior IGL officials at Oil & Gas Summit & Awards 2019 organized by Federation of Indian Petroleum Industry (FIPI).
18
ANNEXURE 1
Form No. AOC-1

Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures
(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies
(Accounts) Rules, 2014)
Part “A”: Subsidiaries
(Information in respect of each subsidiary to be presented with amounts in Rs.)
1. Sl. No.
2. Name of the subsidiary
3. The date since when subsidiary was acquired
4. Reporting period for the subsidiary concerned, if different from the holding Company’s reporting period
5. Reporting currency and Exchange rate as on the last date of the relevant financial year in the case of foreign subsidiaries.
6. Share capital
7. Reserves & surplus
8. Total assets Not Applicable
9. Total Liabilities
10. Investments
11. Turnover
12. Profit before taxation
13. Provision for taxation
14. Profit after taxation
15. Proposed Dividend
16. Extent of shareholding (in percentage)
Notes: The following information shall be furnished at the end of the statement:
• Names of subsidiaries which are yet to commence operations – Not Applicable

• Names of subsidiaries which have been liquidated or sold during the year – Not Applicable
Part “B”: Associates and Joint Ventures

Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint Ventures
Sl. Name of Associates or Joint Ventures Central UP Gas Maharashtra Natural

No Limited (CUGL) Gas Limited (MNGL)
1. Latest Balance Sheet Date 31.03.2020 (Audited) 31.03.2020 (Audited)
2. Date on which Associate or Joint Venture was associated or 21.06.2013 26.03.2015
acquired
3. Shares of Associate or Joint Ventures held by the Company on
the year end
No. 30000000 50000000
Amount of Investment in Associates or Joint Ventures Rs. 68.12 Crores Rs. 190.00 Crores
Extend of Holding (in percentage) 50% 50%
19
Sl. Name of Associates or Joint Ventures Central UP Gas Maharashtra Natural
No Limited (CUGL) Gas Limited (MNGL)
4. Description of how there is significant influence Holding 50% Holding 50%
(Equity shares) (Equity shares)
5. Reason why the associate/joint venture is not consolidated Consolidated Consolidated
6. Net worth attributable to shareholding as per latest Balance Rs. 355.67 Crores Rs. 712.48 Crores
Sheet
7. Profit / Loss for the year
Considered in Consolidation Rs. 36.59 Crores* Rs. 117.46 Crores**
Not Considered in Consolidation Rs. 36.59 Crores* Rs. 117.46 Crores**
* Rs. 0.23 Crores adjusted in view of difference in accounting policies being followed by IGL and CUGL.
** Includes Rs. 5.79 crores towards difference between audited and unaudited financial results of MNGL for the last financial year 2018-19.
For and on behalf of Board of Directors
Sd/- Sd/-
A. K. Jana Amit Garg
Managing Director Director (Commercial)
Sd/- Sd/-
Place: New Delhi S. K. Jain Manjeet Gulati
Date : August 26, 2020 Company Secretary General Manager - Finance
20
ANNEXURE 2
Annual Report on CSR Activities for the financial year 2019-20
1. Outline of CSR Policy

Indraprastha Gas Limited (IGL) recognizes that its business activities have direct and indirect impact on the society. The
Company strives to integrate its business values and operations in an ethical and transparent manner to demonstrate its
commitment to sustainable development and to meet the interests of its stakeholders.
A responsible business is expected to not only take care of its stakeholders but also to engage and contribute meaningfully
towards improving the quality of life of the communities and environment in which it operates. IGL follows the Board
approved CSR Policy which is in line with the requirements of The Companies Act, 2013.
The contents of CSR Policy of IGL are displayed on IGL’s website at http://iglonline.net/CSR.aspx.
2. Composition of the CSR Committee, as on 31st March 2020

Smt. Saroj Bala : Chairperson
Shri Deepak Mishra : Member
Shri E. S. Ranganathan : Member
Shri Amit Garg : Member
3. Average Net Profit of the company in the last three financial years: Rs. 1007.09 Crores.
4. Prescribed CSR expenditure (2% of the amount mentioned above in 3) – Rs. 20.14 Crores.
5. a) Total Amount to be spent in the financial year : Rs. 20.14 Crores
b) Amount spent: Rs. 19.88 Crores.*
c) Amount unspent: Rs. 26 Lakhs.
*Amount utilized on CSR for year 2019-20 was Rs. 19.88 Crores against actually disbursed amount of Rs. 21.30 Crores.
1 2 3 4 5 6 7 8
Sr. CSR Project or Project Projects or Amount Amount spent on Cumulative Project
No. activity identified description programs outlay projects or programs expenditure implemented:
1) Local area or (budget) in 2019-20 as on 31st upto 31st Direct or
other project or March 2020 March 2020 through
2) Specify the program (Rs. in lacs) (Rs. in Lacs) implementing
state or district wise 1) Direct expenditure agency
where projects or (Rs. in Lacs) on projects or
programs were programs
undertaken 2) Overheads
1 IGL Suraksha Eradicating Local area i.e, Delhi 18.17 18.17 18.17 Direct
Yojana Poverty & NCR
2 IGL Swasth Promoting Local area i.e, Delhi 118.83 108.70 108.70 Direct
Saarthi Preventive & NCR
Healthcare
Managing Swasth 0.35 0.35 0.35 Direct
Saarthi web portal
3 Building Bonds Promoting Local area i.e, Delhi 246.07 237.87 237.87 Manas
through Gender Employment & NCR Foundation
Sensitization Enhancing
Vocational Skills
21
1 2 3 4 5 6 7 8
4 Sewing Machine Promoting Local area i.e, Delhi 126.67 43.79 81.17 Amity Humanity
Operator Training Women & NCR Foundation
programme for Empowerment
rural women and Employment
Enhancing
Vocational Skills
5 Self Defence Promoting Local area i.e, Delhi 190.37 190.37 190.37 Asheray
training to school Women & NCR Welfare &
girls Empowerment Charitable
Society
6 School support Promoting Local area i.e, Delhi 169.44 76.17 169.44 Aspire
programme at Education & NCR
SDMC schools
7 Upbringing Promoting Local area i.e, Delhi 71.10 50.45 71.10 SOS Children’s
of vulnerable Women & NCR Village of India
children Empowerment
and Setting
up home for
orphans
8 Remedial Promoting Local area i.e, Delhi 54.68 43.75 54.68 Khushii
Education Education & NCR
programme at a
municipal school
9 Preventive eye Promoting Local area i.e, Delhi 95.08 75.90 95.08 Ishwar
care for the Preventive & NCR and district Charitable Trust
underprivileged Healthcare Rewari in Haryana
communities
10 Sponsorship of Promoting Local area i.e, Delhi 140 70 126.25 Centre
underprivileged Education & NCR for Social
students for Responsibility &
Engineering Leadership
Entrance exams
coaching
11 Monitoring & Monitoring & Local area i.e, Delhi 66.84 15.01 31.53 ‘Goodera’ and
Evaluation of Evaluation of CSR & NCR ‘Environmental
CSR programmes programmes Technical
through third Services Pvt.
party Ltd.
12 Generating Promoting Local area i.e, Delhi 223.76 122.62 192.06 National Yuva
sustainable Employment & NCR and district Cooperative
livelihood Enhancing Rewari in Haryana Society
opportunities Vocational Skills
through Skill
Development
22
1 2 3 4 5 6 7 8
13 Project Roshni – Promoting Local area i.e, Delhi 151.85 100.32 135.54 Netram Eye
Preventive eye Preventive Health & NCR and district Foundation
care for school & Care Rewari in Haryana
slum children
14 Deployment of Ensuring Local area i.e, Delhi 54 45.69 49.40 Deputy
Traffic Wardens Environmental & NCR Controller,
Sustainability and Civil Defence,
Road Safety Ghaziabad
15 Skill development Promoting Local area i.e, Delhi 38.90 16.73 16.73 Social Economic
training of Delhi Employment & NCR and Versatile
Govt. run ITI Enhancing Welfare
students at IGL Vocational Skills Association
Gas Plumbing
Training Institute
at ITI, Arab ki
Sarai
16 Medical- Dental Promoting Local area i.e, Delhi 25.02 13.27 25.02 Buddha
health camps for Preventive & NCR Education
students of MCD/ Healthcare Foundation
Government
schools
17 Road Safety Promoting Local area i.e, Delhi 21.79 21.79 21.79 Direct
Awareness Education & Road & NCR
Campaigns Safety
through Delhi
Traffic Police
18 Drive Safe Daddy Promoting Road Local area i.e, Delhi 19.81 9.91 19.81 Community
Project driver Safety & NCR Against
awareness Drunken
programme Driving
19 Medical Health Promoting Local area i.e, Delhi 98.44 84.89 98.44 Indian Social
Care unit in slums Preventive Health & NCR Responsibility
in Ghaziabad Care Network
20 Construction of Measures for the Local area i.e, Delhi 45 9.99 25.02 Direct
Skill Development Benefits of War & NCR
Training Centre Widows
for BSF war
widows at BSF
Chhawla Camp
23
1 2 3 4 5 6 7 8
21 Skill Promoting Local area i.e, Delhi 18.60 5.58 18.60 Santhigiri
development of Employment & NCR Ashram
underprivileged Enhancing
youth in Vocational Skills
Panchkarma
Ayurvedic
Training centre
22 Empowering rural Rural District Rewari in 133.01 40.92 72.43 Khushii
communities Development Haryana
through holistic
development
at Alamgirpur
Village, Rewari
23 Point of care Promoting Local area i.e, Delhi 170.98 14.71 17.26 State
diagnostic system Preventive & NCR Innovations in
at villages in Healthcare Family Planning
Ghaziabad Services Agency
24 Supporting Promoting District Rewari in 13.32 6.40 13.32 Shikshadaan
education for Education Haryana
underprivileged
girls through
scholarships
25 Library based Promoting Local area i.e, Delhi 90.99 86.45 90.99 Pratham Delhi
education Education & NCR Education
programme in Initiative Trust
Municipal schools
26 Skill Development Promoting District Rewari in 24.28 14.57 24.28 Growth
in computer Women Haryana Foundation of
education for Empowerment India
underprivileged
women and girls
27 Pilot project Preventive Health Local area i.e, Delhi 79.73 52.96 52.96 Cancer
on awareness Care & NCR Awareness,
about cervical Prevention and
cancer and its Early Detection
prevention
28 Counselling and Preventive Health Local area i.e, Delhi 7.39 2.47 2.47 Sanjeevani Life
handholding Care & NCR Beyond Care
programme for
cancer patients
24
1 2 3 4 5 6 7 8
29 Mental Promoting Local area i.e, Delhi 12.54 7.52 7.52 NS Educational
healthcare Preventive & NCR and Charitable
camps for Healthcare Society
underprivileged
women
30 ‘Mission Perfect Promoting District Karnal in 12.67 7.60 7.60 Madhav Netra
Vision’ free eye Preventive Haryana Bank
screening camps Healthcare
for commercial
drivers
31 Skill development Promoting Local area i.e, Delhi 96 60 60 Bapu Nature
training to Employment & NCR Cure Hospital &
employed/ Enhancing Yogashram
underprivileged Vocational Skills
youth
32 Skill Development Promoting Local area i.e, Delhi 34.04 24.10 24.10 Kherwadi
programme for Employment & NCR Social Welfare
underprivileged Enhancing Association
youth Vocational Skills
33 Providing Promoting Local area i.e, Delhi 12.43 12.43 12.43 Navratan
furniture at Arsh Education & NCR Foundation
Kanya Gurukul
34 Education Promoting Local area i.e, Delhi 21.60 21.60 21.60 Manorath
support Education & NCR Foundation
programme for
underprivileged
students
35 Education Promoting Local area i.e, Delhi 8.40 6.72 6.72 AIM for Seva
support of Education & NCR
underprivileged
students
36 Enhancing spoken Promoting Local area i.e, Delhi 20 20 20 Society for
English and Soft Education & NCR Action in
Skills of Urban Community
underprivileged Health
Youth under
Teach India
initiative
37 Upgradation of Promoting Local area i.e, Delhi 12.21 9.77 9.77 Police
libraries at Delhi Education & NCR Foundation for
Police Public Education
School
25
1 2 3 4 5 6 7 8
38 Digital training Promoting Local area i.e, Delhi 30.23 9.52 9.52 Action
to differently Education & NCR for Ability
abled and Development &
underprivileged Inclusion
youth
39 Women Promoting Local area i.e, Delhi 63.45 39.69 39.69 Azad
on Wheels Women & NCR Foundation
programme Empowerment
40 Provision of Promoting District Kaithal in 20.20 18.01 18.01 District Red
transportation Women Haryana Cross Society,
facilities for Empowerment Kaithal
college girl and Education
students
41 Construction of Promoting Local area i.e, Delhi 286.45 128.90 128.90 Kasturba Seva
toilet complexes Sanitation & NCR Sansthan
at DMRC metro
stations
42 Awareness Promoting Local area i.e, Delhi 29.29 11.60 11.60 Society for
generation Environment & NCR Natural
& training Sustainability and Resource
programme on Sanitation Management
segregation of and Community
solid waste at Development
household level
and composting
in JJ colonies
43 Providing hand Disaster Local area i.e, Delhi 23.52 23.52 23.52 Direct
sanitizers Management & NCR
to prevent
against COVID
-19, through
Municipal
Commissioner,
Gurugram –
COVID 19 Relief.
44 Providing food Disaster Local area i.e, Delhi 13.44 7.56 7.56 Direct
packets to slum Management & NCR
dwellers through
Delhi Police –
COVID-19 Relief
Total Amount (Rs. in Lakhs) 3,210.94 1,988.34 2,469.37
(Rs. 32.11 (Rs. 19.88 Crores) (Rs. 24.69
Crores) Crores)
26
6. In case company has failed to spend the 2% of the average net profit of the last three financial
years or any part thereof, the company shall provide the reasons for not spending the amount in
its Board Report.
An amount of Rs 19.88 crore has been utilised towards CSR programmes in FY 2019-2020 against budgeted amount of
Rs 20.14 crore, which amounts to 1.97% of the average net profit in last three financial years. Due to suspension of a few
projects in last fortnight of March 2020 due to COVID-19, there was a slight shortfall of Rs 26 lakhs in utilisation by few
implementing agencies despite funds being released to them.
Also, since the span of execution of activities under many CSR programmes are spread over the financial year, many
implementing partners tend to utilize the funds in the next financial year. Therefore, funds for few programmes initiated
in FY 2019-20 would be released and utilized in FY 2020-21 as well.
7. CSR Committee Responsibility Statement
The CSR Committee confirms that the implementation and monitoring of the CSR activities of the Company are in
compliance with the CSR objectives and CSR Policy of the Company.
Sd/- Sd/-
Place: New Delhi Asit Kumar Jana Saroj Bala
Date: August 26, 2020 Managing Director Chairperson, CSR Committee
27
ANNEXURE 3
Form No. MR-3

SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31.03.2020
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014]
SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31.03.2020
To, (v) The following Regulations and Guidelines prescribed

The Members, under the Securities and Exchange Board of India Act,
Indraprastha Gas Limited 1992 (‘SEBI Act’):-
We have conducted the secretarial audit of the compliance (a) The Securities and Exchange Board of India
of applicable statutory provisions and the adherence to (Substantial Acquisition of Shares and Takeovers)
good corporate practices by Indraprastha Gas Limited Regulations, 2011;
(hereinafter called the Company). Secretarial Audit was
conducted in a manner that provided us a reasonable basis (b) The Securities and Exchange Board of India
for evaluating the corporate conducts/statutory compliances (Prohibition of Insider Trading) Regulations, 2015;
and expressing our opinion thereon.
(c) The Securities and Exchange Board of India (Issue of
Based on our verification of the Indraprastha Gas Limited’s Capital and Disclosure Requirements) Regulations,
books, papers, minute books, forms and returns filed and 2018;
other records maintained by the Company and also the
(d) The Securities and Exchange Board of India (Share
information provided by the Company, its officers, agents and
Based Employee Benefits) Regulations, 2014;
authorized representatives during the conduct of secretarial
audit, we hereby report that in our opinion, the Company (e) The Securities and Exchange Board of India (Issue
has, during the audit period covering the financial year ended and Listing of Debt Securities) Regulations, 2008;
on 31.03.2020 complied with the statutory provisions listed
hereunder and also that the Company has proper Board- (f) The Securities and Exchange Board of India
processes and compliance-mechanism in place to the extent, (Registrars to an Issue and Share Transfer Agents)
in the manner and subject to the reporting made hereinafter: Regulations, 1993 regarding the Companies Act and
dealing with client;
We have examined the books, papers, minute books,
forms and returns filed and other records maintained by (g) The Securities and Exchange Board of India (Delisting
Indraprastha Gas Limited (“the Company”) for the financial of Equity Shares) Regulations, 2009; and
year ended on 31.03.2020 according to the provisions of:
(h) The Securities and Exchange Board of India (Buyback
(i) The Companies Act, 2013 (the Act) and the rules made of Securities) Regulations, 1998;
there under;
(vi) And other applicable laws which in our opinion were
(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) applicable to the company i.e. The Petroleum and Natural
and the rules made there under; Gas Regulatory Board Act, 2006 and The Petroleum Act,
1934.
(iii) The Depositories Act, 1996 and the regulations and bye-
laws framed there under; We have also examined compliance with the applicable
Regulations/Standards of the following:
(iv) Foreign Exchange Management Act, 1999 and the rules
and regulations made there under to the extent of (i) The Securities and Exchange Board of India (Listing
Foreign Direct Investment, Overseas Direct Investment Obligations and Disclosure Requirements) Regulations,
and External Commercial Borrowings; 2015;
28
(ii) Secretarial Standards issued by The Institute of Company Majority decision is carried through while the dissenting views,
Secretaries of India. if any, are captured and recorded as part of the minutes.
During the period under review the Company has complied We further report that there are adequate systems and
with the provisions of the Act, Rules, Regulations, Guidelines, processes in the Company commensurate with the size and
Standards etc. mentioned above to the extent they were operations of the Company to monitor and ensure compliance
applicable. The Company has incurred an expenditure of Rs. with applicable laws, rules, regulations and guidelines.
19.88 Crores (Previous year Rs.14.49 Crores) on Corporate
Social Responsibility activity specified under the provisions of We further report that during the audit period there was no
the Companies Act 2013 as against the required spend of Rs. specific event/action which has a major bearing on the affairs
20.14 Crores (Previous year Rs. 16.58 Crores). of the company in pursuance of above referred laws, rules,
regulations, guidelines, standards etc.
We further report that-

Place: Greater Noida for V. K. Sharma & Co.
The Board of Directors of the Company is duly constituted Date: 26 August, 2020 Company Secretaries
with proper balance of Executive Directors, Non-Executive
Directors and Independent Directors .The changes in the
composition of the Board of Directors that took place during Sd/-
the period under review were carried out in compliance with (V. K. Sharma)
the provisions of the Act. FCS: 3440
C. P. No.:2019
Adequate notice is given to all Directors to schedule the Board
UDIN:F003440B000616954
Meetings, agenda and detailed notes on agenda were sent
adequately in advance, and a system exists for seeking and
obtaining further information and clarifications on the agenda This report is to be read with our letter of even date which
items before the meeting and for meaningful participation at is annexed as Annexure A and forms an integral part of this
the meeting. report
29
‘Annexure A’
To,
The Members,
Indraprastha Gas Limited
Our report of even date is to be read along with this letter.
1. Maintenance of secretarial record is the responsibility of the management of the Company. Our responsibility is to express
an opinion on these secretarial records based on our audit.
2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the
correctness of the contents of the secretarial records. The verification was done on test basis to ensure that correct facts
are reflected in secretarial records. We believe that the processes and practices we followed provide a reasonable basis
for our opinion.
3. We have not verified the correctness and appropriateness of financial records and books of accounts of the Company.
4. The compliance of the provisions of corporate and other laws, rules, regulations and standards is the responsibility of the
management. Our examination was limited to the verification procedures on test basis.
5. The secretarial audit report is neither an assurance as to the future viability of the Company nor of the efficacy or
effectiveness with which the management has conducted the affairs of the Company.
for V. K. Sharma & Co.

Company Secretaries
Sd/-
(V. K. Sharma)
FCS: 3440
Place: Greater Noida C. P. No.:2019
Date: 26 August, 2020 UDIN:F003440B000616954
30
ANNEXURE 4
Disclosures with respect to remuneration and other details as

required Under Section 197(12) of Companies Act, 2013 and Rule 5(1)
& (2) of Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014
a. The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial
year 2019-20;
S. Name of Director Director’s Employee Ratio
No Remuneration Median
(Rs. in Lakhs)* Remuneration
(Rs. in Lakhs)
1 Shri E. S. Ranganathan, Managing Director 102.14 11.79 8.66:1
2 Shri Rajiv Sikka, Director (Commercial) 14.39 2.97 4.85:1
3 Shri Amit Garg, Director (Commercial) 47.08 8.08 5.83:1
*Excluding commission on profit payable to parent organisations
Notes:
1. Ratio of remuneration is not considered for non-executive directors.
2. Shri Rajiv Sikka ceased to be a Director (Commercial) w.e.f. July 2, 2019.
3. Shri Amit Garg appointed as Director (Commercial) w.e.f. July 25, 2019.
4. In case of Shri Rajiv Sikka and Shri Amit Garg, employee median remuneration is proportionate to their period of directorship during financial year 2019-20.
b. The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company
Secretary or Manager, if any, in the financial year;
S. Name of Director*and KMP % increase in remuneration
No
1 Shri S. K. Jain, Company Secretary 9.43% {(inclusive of (Performance Linked Incentive (PLI)}
2 Shri Rakesh Chawla, Chief Financial Officer 5.04% (without PLI)
*Shri E. S. Ranganathan, Shri Rajiv Sikka & Shri Amit Garg get remuneration from their employers i.e. GAIL & BPCL. Your Company has paid the amount
including GST to promoters as secondment charges as these Directors are not the employees of the Company.
c. In the financial year 2019-20, there was an increase of 4.23% in the median remuneration of employees
d. The number of permanent employees on the rolls of Company as on March 31, 2020 was 703. The Company has maintained
peaceful and harmonious relations with all its employees.
e. Average percentage increase made in the salaries of employees other than the managerial personnel in the financial year
was 7.15%.
f. Details of top ten employees in terms of remuneration drawn for the financial year 2019-20 are as under:
Employee Designation Remuneration Qualification Experience Date of Age Last
Name (Rs.) (Years) Joining (Years) Employment
Shri Ashim Sr. Vice President - 1,17,16,410 BE, MBA 36 23-06-2003 58 Vietrans Pvt. Ltd.
Batra PNG Project and O&M (Marketing)
Shri Praveen Sr. Vice President - 1,01,77,736 BE 35 02-01-2006 56 Sriram Fertilizer
Kumar Pandey Marketing (Mechanical) & Chemicals
Limited
31
Employee Designation Remuneration Qualification Experience Date of Age Last
Name (Rs.) (Years) Joining (Years) Employment
Shri Manjeet Sr. Vice President - 1,00,20,894 B.Tech, 35 27-09-2006 57 Bharat
Singh Project Engineering PGDBM Petroleum Corp.
Services & JV (Marketing) Limited
Coordination
Shri Vice President - ERP 81,12,187 BE 36 02-12-2003 59 TIL Limited
Sudhanshu & IT (Mechanical)
Pant
Shri Ajai Tyagi Vice President - PNG 81,11,752 B.Tech 30 23-06-2003 51 India Glycols
Project and O&M (Electrical) Limited
Shri Navnit Vice President - C&P 79,18,976 BE 33 31-05-2004 55 JCB India Limited
Chandra (Mechanical)
Mangla
Shri Sunil Vice President - 78,91,402 CS, CMA, LLB 31 18-06-2004 55 Maharastra
Kumar Jain Company Secretary Seamless Ltd.
Shri Rakesh Vice President - 78,31,206 CA, LLB 28 27-03-2018 52 Mahanagar Gas
Chawla Finance Limited
Shri Alok Vice President - Fire & 77,60,224 BE (Fire) 28 26-06-2006 52 GAIL India Ltd.
Sharma Safety
Shri Susheel Vice President - Legal 75,82,330 LLB, LLM 29 31-07-2006 52 National
Jad Fertilizer Limited
NOTES:
• Remuneration includes salary, allowances, Leave Travel Allowances, Performance Linked Incentive, Company contribution
to PF, gratuity, NPS and other perks.
• None of the employees mentioned above hold more than 2% of the shares of your Company, alongwith their spouse and
dependent children.
• None of the employees mentioned above is a relative of any director.
g. It is hereby affirmed that the remuneration paid is as per the Remuneration policy of the Company.
32
ANNEXURE 5
Form No. MGT-9

Extract of Annual Return
as on the financial year ended on 31.03.2020
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies
(Management and Administration) Rules, 2014]
I. Registration and Other Details:
1. CIN L23201DL1998PLC097614
2. Registration Date 23/12/1998
3. Name of the Company Indraprastha Gas Limited
4. Category / Sub-Category of the Company Company limited by shares/Indian Non- Government Company
5. Address of the Registered office and contact IGL Bhawan, Plot No.4, Community Centre, Sector-9, R. K. Puram,
details New Delhi - 110022
6. Whether listed Company Yes
7. Name, Address and Contact details of Registrar Kfin Technologies Private Limited
and Transfer Agent, if any Karvy Selenium Tower B, Plot No 31 & 32 Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad – 500032.
8. Tel. No’s 040-67162222
9. Fax No’s 040-23001153
10. Toll Free no. 1800-345-4001
11. E-Mail Address einward.ris@kfintech.com
II. Principal Business Activities of the Company:

All the business activities contributing 10 % or more of the total turnover of the Company shall be stated:-
Sl. Name and Description of main products/ services NIC Code of the % to total
No. Product/ service turnover of the
Company
1 Natural Gas 3520 100
III. Particulars of Holding, Subsidiary and Associate Companies

Sl. Name and address of the Company CIN/GLN Holding/ % of Applicable
No. Subsidiary/ shares Section
Associate held
1 Central U. P. Gas limited U40200UP2005PLC029538 Associate 50% of Section
A-1/4 Lakhanpur, UPSIDC Complex, Lakhanpur, paid-up 2 (6) of
Kanpur - 208024, U.P. equity Companies
share Act, 2013
capital
2 Maharashtra Natural Gas Limited U11102PN2006PLC021839 Associate 50% of Section
A-Block, Plot No 27, Narveer Tanaji Wadi, PMT paid-up 2 (6) of
Bus Depot Commercial Building, First Floor, equity Companies
Shivaji Nagar, Pune- 411005, Maharashtra share Act, 2013
capital
33
(IV) Shareholding Pattern (Equity Share Capital Break-up as percentage of total equity)
(i) Category - Wise Shareholding
CATEGORY CATEGORY OF NO. OF SHARES HELD AT THE BEGINNING OF NO. OF SHARES HELD AT THE END OF THE %
CODE SHAREHOLDER THE YEAR 31/03/2019 YEAR 31/03/2020 CHANGE
DEMAT PHYSICAL TOTAL % OF DEMAT PHYSICAL TOTAL % OF DURING
TOTAL TOTAL THE
SHARES SHARES YEAR
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX) (X) (XI)
(A) PROMOTER AND

PROMOTER GROUP
(1) INDIAN
(a) Individual /HUF 0 0 0 0.00 0 0 0 0.00 0.00
(b) Central Government/State 0 0 0 0.00 0 0 0 0.00 0.00
Government(s)
(c) Bodies Corporate 315000400 0 315000400 45.00 315000400 0 315000400 45.00 0.00
(d) Financial Institutions / 0 0 0 0.00 0 0 0 0.00 0.00
Banks
(e) Others 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total A(1) : 315000400 0 315000400 45.00 315000400 0 315000400 45.00 0.00
(2) FOREIGN
(a) Individuals (NRIs/Foreign 0 0 0 0.00 0 0 0 0.00 0.00
Individuals)
(b) Bodies Corporate 0 0 0 0.00 0 0 0 0.00 0.00
(c) Institutions 0 0 0 0.00 0 0 0 0.00 0.00
(d) Qualified Foreign Investor 0 0 0 0.00 0 0 0 0.00 0.00
(e) Others 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total A(2) : 0 0 0 0.00 0 0 0 0.00 0.00
Total A=A(1)+A(2) 315000400 0 315000400 45.00 315000400 0 315000400 45.00 0.00
(B) PUBLIC SHAREHOLDING
(1) INSTITUTIONS
(a) Mutual Funds /UTI 54958479 0 54958479 7.85 52665109 0 52665109 7.52 -0.33
(b) Financial Institutions / 7961072 0 7961072 1.14 1028221 0 1028221 0.15 -0.99
Banks
(c) Central Government / State 0 35000000 35000000 5.00 0 35000000 35000000 5.00 0.00
Government(s)
(d) Venture Capital Funds 0 0 0 0.00 0 0 0 0.00 0.00
(e) Insurance Companies 63230216 0 63230216 9.03 63557113 0 63557113 9.08 0.05
(f) Foreign Institutional 147586967 0 147586967 21.08 159417514 0 159417514 22.77 1.68
Investors
(g) Foreign Venture Capital 0 0 0 0.00 0 0 0 0.00 0.00
Investors
(h) Qualified Foreign Investor 0 0 0 0.00 0 0 0 0.00 0.00
(i) Others – Foreign Nationals 1250 0 1250 0.00 0 0 0 0.00 0.00
Sub-Total B(1) : 273737984 35000000 308737984 44.11 276667957 35000000 311667957 44.52 0.41
(2) NON-INSTITUTIONS
(a) Bodies Corporate 33513718 0 33513718 4.79 9576050 0 9576050 1.37 -3.41
(b) Individuals
(i) Individuals holding 34934498 75448 35009946 5.00 31362427 65882 31428309 4.49 -0.50
nominal share capital
upto Rs.1 lakh
(ii) Individuals holding 4244849 0 4244849 0.61 4631684 0 4631684 0.66 0.05
nominal share capital
in excess of Rs.1 lakh
(c) Others
Clearing Members 1598531 0 1598531 0.23 1449325 0 1449325 0.21 -0.02
IEPF 81335 0 81335 0.01 85701 0 85701 0.01 0.00
Non Resident Indians 1181231 0 1181231 0.17 1055112 0 1055112 0.15 -0.02
NRI Non-Repatriation 393425 0 393425 0.06 351853 0 351853 0.05 -0.01
NBFC registered with RBI 44904 0 44904 0.01 40770 0 40770 0.01 0
34
CATEGORY CATEGORY OF NO. OF SHARES HELD AT THE BEGINNING OF NO. OF SHARES HELD AT THE END OF THE %
CODE SHAREHOLDER THE YEAR 31/03/2019 YEAR 31/03/2020 CHANGE
DEMAT PHYSICAL TOTAL % OF DEMAT PHYSICAL TOTAL % OF DURING
TOTAL TOTAL THE
SHARES SHARES YEAR
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX) (X) (XI)
Trusts 194395 0 194395 0.03 261692 0 261692 0.04 0.01

Qualified Institutional Buyer 82 0 82 0.00 24451947 24451947 3.49 3.49
(d) Qualified Foreign Investor 0 0 0 0.00 0 0 0 0.00 0.00
Sub-Total B(2) : 76186968 75448 76262416 10.89 73266561 65882 73332443 10.48 -0.41
Total B=B(1)+B(2) : 349924952 35075448 385000400 55.00 349934518 35065882 385000400 55.00 0.00
Total (A+B) : 664925352 35075448 700000800 100.00 664934918 35065882 700000800 100.00 0.00
(C) Shares held by custodians,
against which Depository
Receipts have been issued
(1) Promoter and Promoter
Group
(2) Public 0 0 0 0.00 0 0 0 0.00 0.00
GRAND TOTAL (A+B+C) : 664925352 35075448 700000800 100.00 664934918 35065882 700000800 100.00
(ii) Shareholding of Promoters

Sl. Shareholder’s Name Shareholding at the beginning of the Shareholding at the end of the year %
No year Change
No. of % of % of Shares No. of % of % of Shares During
Shares Total Pledged/ Shares Total Pledged/ the
Shares encumbered Shares encumbered to year
to total shares total shares
1 Bharat Petroleum 15,75,00,400 22.5 0 15,75,00,400 22.5 0 Nil
Corporation Ltd.
2 GAIL (India) Ltd. 15,75,00,000 22.5 0 15,75,00,000 22.5 0 Nil
Total 45 0 45 0
(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

There is no change in Promoters’ Shareholding.
(iv) Shareholding pattern of top 10 Shareholders (other than Directors and Promoters)
Sl. Name of the Share Holder Shareholding at the beginning of the Year Reason Cumulative
no Shareholding during
the Year
No of % of total Date Increase/ No of % of total
Shares shares Decrease Shares shares
of the in share of the
company holding company
1 Life Insurance Corporation of 43647921 6.24 01/04/2019 43647921 6.24
India
09/08/2019 250000 Transfer 43897921 6.27
16/08/2019 587400 Transfer 44485321 6.36
13/09/2019 888000 Transfer 45373321 6.48
20/09/2019 512942 Transfer 45886263 6.56
27/09/2019 208500 Transfer 46094763 6.58
04/10/2019 70648 Transfer 46165411 6.60
11/10/2019 81624 Transfer 46247035 6.61
18/10/2019 14785 Transfer 46261820 6.61
25/10/2019 72550 Transfer 46334370 6.62
35
the Year
08/11/2019 286393 Transfer 46620763 6.66
15/11/2019 167591 Transfer 46788354 6.68
29/11/2019 835426 Transfer 47623780 6.80
06/12/2019 246330 Transfer 47870110 6.84
13/12/2019 397490 Transfer 48267600 6.90
20/12/2019 270259 Transfer 48537859 6.93
27/12/2019 70000 Transfer 48607859 6.94
31/12/2019 170000 Transfer 48777859 6.97
17/01/2020 247750 Transfer 49025609 7.00
31/03/2020 49025609 7.00
2 Govt of Nct of Delhi 35000000 5.00 01/04/2019 35000000 5.00
31/03/2020 35000000 5.00
3 HDFC Life Insurance Company
13548133 1.94 01/04/2019 13548133 1.94
Limited
05/04/2019 650779 Transfer 14198912 2.03
19/04/2019 -450000 Transfer 13748912 1.96
26/04/2019 -123550 Transfer 13625362 1.95
03/05/2019 168 Transfer 13625530 1.95
10/05/2019 122 Transfer 13625652 1.95
17/05/2019 200372 Transfer 13826024 1.98
24/05/2019 20 Transfer 13826044 1.98
31/05/2019 -321067 Transfer 13504977 1.93
07/06/2019 -330543 Transfer 13174434 1.88
14/06/2019 -53091 Transfer 13121343 1.87
05/07/2019 323592 Transfer 13444935 1.92
12/07/2019 4000 Transfer 13448935 1.92
19/07/2019 -62181 Transfer 13386754 1.91
26/07/2019 -185861 Transfer 13200893 1.89
02/08/2019 154625 Transfer 13355518 1.91
09/08/2019 -80056 Transfer 13275462 1.90
16/08/2019 -435 Transfer 13275027 1.90
23/08/2019 -100325 Transfer 13174702 1.88
30/08/2019 -6225 Transfer 13168477 1.88
06/09/2019 134606 Transfer 13303083 1.90
20/09/2019 -2360 Transfer 13300723 1.90
27/09/2019 99609 Transfer 13400332 1.91
04/10/2019 -406 Transfer 13399926 1.91
11/10/2019 -106275 Transfer 13293651 1.90
18/10/2019 -707 Transfer 13292944 1.90
25/10/2019 -4691 Transfer 13288253 1.90
01/11/2019 -861 Transfer 13287392 1.90
08/11/2019 -4295 Transfer 13283097 1.90
15/11/2019 -101079 Transfer 13182018 1.88
22/11/2019 -2532 Transfer 13179486 1.88
29/11/2019 -2490 Transfer 13176996 1.88
06/12/2019 -2566 Transfer 13174430 1.88
13/12/2019 -266 Transfer 13174164 1.88
20/12/2019 -12405 Transfer 13161759 1.88
36
the Year
27/12/2019 -1221 Transfer 13160538 1.88
31/12/2019 -1864 Transfer 13158674 1.88
03/01/2020 -2985 Transfer 13155689 1.88
10/01/2020 -14913 Transfer 13140776 1.88
17/01/2020 -175749 Transfer 12965027 1.85
24/01/2020 -282864 Transfer 12682163 1.81
31/01/2020 -201834 Transfer 12480329 1.78
07/02/2020 -39134 Transfer 12441195 1.78
14/02/2020 -2891 Transfer 12438304 1.78
21/02/2020 49900 Transfer 12488204 1.78
28/02/2020 27215 Transfer 12515419 1.79
06/03/2020 224585 Transfer 12740004 1.82
31/03/2020 13562147 1.94
4 Kotak Standard Multicap Fund 13529275 1.93 01/04/2019 13529275 1.93
12/04/2019 446056 Transfer 13975331 2.00
19/04/2019 24669 Transfer 14000000 2.00
19/07/2019 -1397000 Transfer 12603000 1.80
26/07/2019 46750 Transfer 12649750 1.81
02/08/2019 1215500 Transfer 13865250 1.98
09/08/2019 -533500 Transfer 13331750 1.90
16/08/2019 668250 Transfer 14000000 2.00
20/09/2019 280000 Transfer 14280000 2.04
27/09/2019 720000 Transfer 15000000 2.14
11/10/2019 192625 Transfer 15192625 2.17
07/02/2020 -66000 Transfer 15126625 2.16
14/02/2020 66000 Transfer 15192625 2.17
31/03/2020 15192625 2.17
5 Vontobel Fund - Mtx Sustainable
11548272 1.65 01/04/2019 11548272 1.65
Emerging Markets Leaders
05/04/2019 256845 Transfer 11805117 1.69
12/04/2019 675643 Transfer 12480760 1.78
19/04/2019 808743 Transfer 13289503 1.90
26/04/2019 5277 Transfer 13294780 1.90
03/05/2019 112000 Transfer 13406780 1.92
10/05/2019 665236 Transfer 14072016 2.01
17/05/2019 934523 Transfer 15006539 2.14
19/07/2019 1140265 Transfer 16146804 2.31
26/07/2019 392579 Transfer 16539383 2.36
25/10/2019 409434 Transfer 16948817 2.42
01/11/2019 366790 Transfer 17315607 2.47
31/03/2020 17315607 2.47
6 Fidelity Investment Trust 9885294 1.41 01/04/2019 9885294 1.41
Fidelity Series Emerging
Markets Opportunities Fund
05/07/2019 380800 Transfer 10266094 1.47
13/09/2019 59400 Transfer 10325494 1.48
27/09/2019 159700 Transfer 10485194 1.50
08/11/2019 782100 Transfer 11267294 1.61
37
the Year
29/11/2019 243300 Transfer 11510594 1.64
20/12/2019 162500 Transfer 11673094 1.67
14/02/2020 202100 Transfer 11875194 1.70
31/03/2020 12071294 1.72
7 Life Insurance Corporation Of
9551530 1.36 01/04/2019 9551530 1.36
India P & GS Fund
31/03/2020 9943204 1.42
8 Schroder International
8273344 1.18 01/04/2019 8273344 1.18
Selection Fund Emerging Asia
31/03/2020 8273344 1.18
9 City Of New York Group Trust# 6867244 0.98 01/04/2019 6867244 0.98
06/09/2019 -697841 Transfer 6169403 0.88
13/09/2019 -1507530 Transfer 4661873 0.67
08/11/2019 -330425 Transfer 4331448 0.62
15/11/2019 -140000 Transfer 4191448 0.60
14/02/2020 -222843 Transfer 3968605 0.57
21/02/2020 -656281 Transfer 3312324 0.47
31/03/2020 3312324 0.47
10 Uti-Mid Cap Fund# 4770433 0.68 01/04/2019 4770433 0.68
13/09/2019 -492000 Transfer 4278433 0.61
20/09/2019 -200000 Transfer 4078433 0.58
18/10/2019 -486047 Transfer 3592386 0.51
22/11/2019 -202789 Transfer 3389597 0.48
29/11/2019 -499987 Transfer 2889610 0.41
06/12/2019 -200000 Transfer 2689610 0.38
03/01/2020 -200000 Transfer 2489610 0.36
10/01/2020 -161992 Transfer 2327618 0.33
28/02/2020 -100000 Transfer 2227618 0.32
31/03/2020 2227618 0.32
11 India Midcap (Mauritius) Ltd.* 4166130 0.60 01/04/2019 4166130 0.60
31/03/2020 4166130 0.60
12 Vontobel Fund - Mtx 0 0.00 01/04/2019 0 0.00
Sustainable Asian Leaders*
31/03/2020 4042914 0.58
*Not in the list of Top 10 shareholders as on 01-04-2019. The same has been reflected above since the shareholder was one of the Top 10 shareholders
as on 31-03-2020.
#
ceased to be in the list of Top 10 shareholders as on 31-03-2020. The same is reflected above since the shareholder was one of the Top 10 shareholders
as on 01-04-2019.
(v) Shareholding of Directors and Key Managerial Personnel:
Shri E. S. Ranganathan, then Managing Director was holding 500 shares in the Company as on March 31, 2020. Except Shri E. S.
Ranganathan, none of the Directors and Key Managerial Personnel are holding equity shares in the Company as on March 31, 2020.
38
V. Indebtedness
INDEBTEDNESS - Indebtedness of the Company including interest outstanding/accrued but not due for payment as on
31.03.2020
(Rs. in Crores)
Secured Loans Unsecured Deposits Total
excluding Loans Indebtedness
deposits
Indebtedness at the beginning of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year - - - -
* Addition
* Reduction
Net Change - - - -
Indebtedness at the end of the financial year - - - -
i) Principal Amount - - - -
ii) Interest due but not paid
iii) Interest accrued but not due
Total (i+ii+iii) 0.00 - - 0.00
VI. Remuneration of Directors and Key Managerial Personnel

a. Remuneration to Managing Director, Whole-time Directors and/or Manager:
(Rs. in Lakhs)
Sl. Particulars of Remuneration Name of MD/WTD/Manager Total Amount
No. Shri E. S. Shri Rajiv Shri Amit
Ranganathan Sikka$ Garg**
1. Gross Salary 102.14 14.39 47.08 163.61
(Secondment charges paid to promoters including
GST)@@
(a) Salary as per provisions contained in section - - - -
17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of Income-tax - - - -
Act, 1961
(c) Profits in lieu of salary under section 17(3) of - - - -
Income- tax Act, 1961
2. Stock Option - - - -
3. Sweat Equity - - - -
4. Commission^^
- as % of profit 7.50 1.89 5.14 14.53
- others, specify
5. Others - - - -
Total(A) 109.64 16.28 52.22 178.14
Ceiling as per the Act$$
$
Shri Rajiv Sikka ceased to be Director (Commercial) w.e.f. July 2, 2019.
**Shri Amit Garg joined as Director (Commercial) w.e.f. July 25, 2019.
@@
Shri E. S. Ranganathan, Shri Amit Garg, and Shri Rajiv Sikka get remuneration from their employers i.e. GAIL & BPCL. Your Company has paid the amount
including GST to promoters as secondment charges as these Directors are not the employees of the Company.
^^
Payable to Parent Organizations
$$
Remuneration is within the ceiling prescribed under Companies Act, 2013
39
b. Remuneration to other directors:
S. Particulars of Remuneration Name of Directors Total
No. Amount
(Rs.)
1 Independent Directors Dr. A. K. Smt. Saroj Shri R. S. Shri R.N. Shri Deepak
Ambasht Bala Sahoo Misra Mishra
Fee for attending board / committee meetings 6,35,000 4,90,000 6,75,000 4,10,000 3,35,000 25,45,000
Commission 7,50,000 7,50,000 7,50,000 6,04,508 6,00,410 34,54,918
Others, please specify - - - - -
Total (1) 13,85,000 12,40,000 14,25,000 10,14,508 9,35,410 59,99,918
2 Other Non-Executive Directors Shri Gajendra Shri R.P. Smt. Varsha Shri Rajeev Smt. Renu
Singh Natekar Joshi Verma Sharma
Fee for attending board/ committee meetings 3,25,000 5,60,000 0 0 30,000 9,15,000
Commission 7,50,000 7,50,000 1,06,557 3,34,016 2,50,000 21,90,573
Others, please specify - - - - -
Total (2) 10,75,000* 13,10,000* 1,06,557* 3,34,016* 2,80,000* 31,05,573*
Total (B)=(1+2) 91,05,491
Ceiling as per the Act**
* Payable to parent organizations.

**Total Managerial Remuneration is within the ceiling prescribed under Companies Act, 2013.
Note: Commission to Directors is in proportion to their period of Directorship during the year.
c. Remuneration to Key Managerial Personnel other than MD/Manager/WTD
Sl. Particulars of Remuneration Key Managerial Personnel Total

No. CS CFO
Shri S. K. Jain Shri Rakesh
Chawla
1. Gross salary Rs. Rs. Rs.
(a) Salary as per provisions contained in section 17(1) of the 75,24,707 74,67,166 1,49,91,873
Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 16,000 4,002 20,002
(c) Profits in lieu of salary under section 17(3) Income tax Act, - - -
1961
2. Stock Option - - -
3. Sweat Equity - - -
4. Commission - - -
- as % of profit - - -
Others, specify… - - -
5. Others, please specify – Benefits 3,50,695 3,60,038 7,10,733
Total 78,91,402 78,31,206 1,57,22,608
VII. Penalties / Punishment/ Compounding of Offences:

There were no penalties / punishment / compounding of offences for breach of any section of Companies Act against the
Company or its Directors or other officers in default, if any, during the year.
40
ANNEXURE 6
Conservation of Energy and Technology Absorption, Foreign

Exchange Earnings and outgo
A. Conservation of Energy
(i) Your Company has taken various steps for conservation of energy, which are as under:
1. Conventional HPMV based light fittings have been replaced by LED based light fittings at ~ 70% IGL CNG stations;
replacement of same at remaining IGL CNG stations is under progress.
2. Conventional induction motor based ceiling fans have been replaced by Brushless DC motor based ceiling fans at ~ 40%
IGL CNG stations; replacement of remaining conventional fans is under progress.
3. 39 numbers of IE2 motors (high efficiency) have been replaced by IE3 motors (premium efficiency).
(ii) Steps taken by the Company for utilising alternate sources of energy:
Nil
(iii) The capital investment on energy conservation equipment:
Rs. 1.83 Crores towards installation of LED light fittings, BLDC ceiling fans and IE3 motors
B. Technology Absorption
(i) The efforts made towards technology 1. Siemens S7-200 model of PLC was upgraded by S7-1200 PLC in 37 nos. of
Absorption; Delta motor driven compressors installed at CNG stations.
2. AMR planned for implementation in I&C Customers having gas consumption
more than 5 SCM/day.
3. Pilot of Pre-paid gas metering system implemented in I&C Segment.
(ii) The benefits derived like product 1. (i) New model is having high processing speed & Automation / SCADA
improvement, cost reduction, product compatibility.
development or import Substitution; (ii) Breakdown hours reduced & availability of machines is increased.
(iii) New PLC is 70% cheaper than old model.
2. Benefits of Automated Reading System are:
• Very precise monitoring by the event-based wireless communication.
• Timely reading collection & Billing.
• Elimination of human error in meter reading.
• Up-to-date consumption data for the detailed and exact billing.
3. Benefits of Pre-paid meters with Automated Reading System are:
• No manual reading collection.
• Optimized capacity planning.
• Increased and balanced revenue stream.
• SMS/ email alerts in case of any abnormality.
• Improves cash flow and reduces cost to the utility.
• Remote disconnect for non-payment.
• No need to produce a bill since consumption is available to customer via
sms on every recharge.
• Reduction in back office staff.
41
(iii) In case of imported technology (imported
during the last 3 years reckoned from
the beginning of the financial year), -
i. The details of technology imported;
ii. Year of import;
N.A.
iii. Whether the technology been fully
absorbed;
iv. If not fully absorbed, areas where
absorption has not taken place, and
the reasons thereof.
(iv) The expenditure incurred on Research
No direct expenditure
and Development
C. Foreign Exchange Earning and Outgo

Total foreign exchanged used & earned:
During the year under review, the foreign exchange earnings and outgo are given below:
(Rs. in Crores)
Foreign Exchange Earned 0.06
Foreign Exchange Used 39.10
42
Report on Corporate Governance

I. Company’s Philosophy on Corporate Governance
The Company’s philosophy on the Code of Corporate Governance is as follows:
a) To ensure transparency, high degree of disclosure and adequate control system;
b) To ensure that the decision making process is systematic and rational;
c) To ensure full commitment of the Management to enhance stakeholders’ value;
d) To ensure that the employees of the Company subscribe to the corporate values and apply them in their conduct.
II. Board of Directors
Composition:
As on March 31, 2020, the Board of the Company consists of 10 (Ten) Directors comprising 2 (two) Executive Directors
namely Managing Director and Director (Commercial) and 8 (eight) Non-Executive Directors.
The composition and category of Directors alongwith other Directorships or Memberships in Board Committees as on
March 31, 2020:
Name of Directors Category Directorships List of Directorship Membership Chairmanship

in other held in Other Listed in Committees in Committees
Public Companies and of Board of Board
Limited category of of other of other
Companies* Directorship- Companies† Companies†
Shri Gajendra Singh Non-Executive 3 Gail (India) Limited – 1 1
(Chairman) Director
Shri E. S. Ranganathan Executive 1 Nil Nil Nil
(Managing Director)
Shri Amit Garg Executive 1 Nil Nil Nil
Director (Commercial)
Shri R. P. Natekar Non-Executive 3 Nil Nil Nil
Smt. Renu Sharma Non-Executive 3 Nil Nil Nil
Smt. Saroj Bala Non-Executive, Nil Nil Nil Nil
Independent
Dr. A. K. Ambasht Non-Executive, Nil Nil Nil Nil
Independent
Shri R. S. Sahoo Non-Executive, 2 Nil Nil 2
Independent
Shri Ramesh Narain Non-Executive, 1 PTC India Limited- Nil Nil
Misra Independent Independent Director
Shri Deepak Mishra Non-Executive, Nil Nil Nil Nil
Independent
*
This does not include Private Limited Companies, Foreign Companies and Companies under Section 8 of the Companies Act, 2013.
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(“Listing Regulations”), Memberships/chairmanships of
†
only Audit Committees and Stakeholders Relationship Committees in all public limited companies have been considered.
Shri E. S. Ranganathan was holding 500 shares in the Company. There are no relationships between Directors inter-se.
Attendance of Directors at Board Meetings and Last Annual General Meeting:
During the financial year ended March 31, 2020, ten Board Meetings were held on April 26, 2019, May 24, 2019, June 03,
2019, August 14, 2019, August 23, 2019, November 07, 2019, November 27, 2019, January 06, 2020, January 18, 2020 and
March 16, 2020. The last Annual General Meeting was held on September 24, 2019.
43
The attendance of each Director at Board Meetings and the last Annual General Meeting was as under:
Name of Directors No. of Meetings Attendance* Attendance at

Attended (% thereof) Last AGM
Shri Gajendra Singh (Chairman) 10 100% Present
Shri E. S. Ranganathan (Managing Director) 10 100% Present
Shri Rajiv Sikka† Director (Commercial) 3 100% NA
Shri Amit Garg‡ Director (Commercial) 7 100% Present
Shri R. P. Natekar 7 70% Present
Smt. Varsha Joshi§ 0 0% NA
Shri Rajeev Verma** 0 0% Absent
Smt. Renu Sharma†† 1 33% NA
Smt. Saroj Bala 8 80% Absent
Dr. Akhilesh Kumar Ambasht 7 70% Present
Sh. Rajib Sekhar Sahoo 10 100% Present
Shri R. N. Misra‡‡ 7 100% Present
Shri Deepak Mishra§§ 7 100% Present
*Percentage computed by considering the meetings attended with the total meetings held during their tenure.
†
Sh. Rajiv Sikka ceased to be a Director w.e.f. July 2, 2019.
‡
Sh. Amit Garg appointed as Director (Commercial) w.e.f. July 25, 2019.
**Sh. Rajeev Verma appointed as Additional Director w.e.f. June 21, 2019. He ceased to be a Director w.e.f. December 1, 2019.
§
Smt. Varsha Joshi ceased to be a Director w.e.f. May 23, 2019.
††
Smt. Renu Sharma appointed as Additional Director w.e.f. December 1, 2019.
‡‡
Sh. R. N. Misra appointed as Independent Director w.e.f. June 11, 2019.
§§
Sh. Deepak Mishra appointed as Independent Director w.e.f. June 13, 2019.
Brief details of familiarization programmes of Independent Directors are uploaded on the website of the Company –
https://iglonline.net/english/5000_media/Investor_Relations/Familiarization-Programmes-for-Independent-Directors.pdf
The Board has identified the following skills/expertise/ competencies fundamental for the effective
functioning of the Company which are currently available with the Board:
1. Financial: Management of the finance function, understanding & review of financial statements, financial controls,
risk management, acquisitions, etc.
2. Strategy and Planning: Appreciation of long-term trends, strategic choices and experience in guiding and leading
management teams to make decisions in uncertain environments.
3. Sales and marketing: Experience in developing strategies to grow sales, build brand awareness, and enhance
enterprise reputation.
4. Project Management: Execution of projects in timely manner in existing & new geographical areas.
5. Governance: Experience in developing governance practices, serving the best interests of all stakeholders, building
long-term effective stakeholder engagements.
Names of Directors who have such skills/ expertise/ competence:
Directors of the Company possess the requisite skills identified by the Board as above and they have such skills/expertise/
competence in running a business that is relevant to the Company’s business. The Company is a leading CGD Company
and its business runs across different geographical areas. The Directors appointed are from diverse backgrounds and
possess special skills and competence with regard to the industries / fields from where they come.
44
Independent Directors confirmation by the Board
All Independent Directors have given declarations that they meet the criteria of independence as laid down of the
Companies Act, 2013 and the Listing Regulations. In the opinion of the Board, the Independent Directors, fulfil the
conditions of independence specified in the Companies Act, 2013 and Listing Regulations.
Certification from Company Secretary in Practice
M/s V. K. Sharma & Co., Practicing Company Secretaries, Noida, has issued a certificate pursuant to clause 10 of Part C of
Schedule V of Listing Regulations.
Code of Conduct
The Board of Directors has laid down a Code of Conduct, which is applicable to all Board Members and Senior Management
of the Company. The Code has also been posted on the website of the Company.
Board Members and Senior Management Executives have affirmed compliance with the Code of Conduct. The declaration
signed by the Managing Director affirming compliance to the Code by the Board Members and the Senior Management
forms part of this Report.
III. Audit Committee
Composition:
The Audit Committee comprises of four Directors of which three are Non-Executive Independent Directors. The Chairman
of the Committee is a Non-Executive Independent Director. All Members of the Committee have good financial and
accounting knowledge. The Managing Director, Director (Commercial) and Auditors are invitees to the Audit Committee
Meetings. The Company Secretary acts as a Secretary to the Committee.
The minutes of the Audit Committee Meetings are noted by the Board of Directors at the subsequent Board Meeting.
The constitution of the Audit Committee as on March 31, 2020:-
1) Shri R. S. Sahoo Chairman, Independent, Non-Executive

2) Dr. A. K. Ambasht Member, Independent, Non-Executive
3) Shri R. P. Natekar Member, Non-Executive
4) Smt. Saroj Bala* Member, Independent, Non-Executive
*Smt. Saroj Bala appointed as Member of Audit Committee w.e.f. December 1, 2019.
Terms of Reference:
The term of reference of Audit Committee for the financial year ended March 31, 2020 includes overseeing the audit
functions, review of Company’s financial performance, review critical findings of Internal Audit, compliance with the
Accounting Standards, approval or any subsequent modification of transactions of the Company with the related
parties, evaluation of internal financial controls and risk management systems & all other matters specified under Listing
Regulations and in Section 177 of the Companies Act, 2013.
Meetings and Attendance:
During the financial year ended March 31, 2020, eight Audit Committee meetings were held on May 24, 2019, June 18, 2019,
August 14, 2019, September 24, 2019, October 23, 2019, November 07, 2019, February 06, 2020 and February 24, 2020.
The attendance of the Members of Audit Committee Meetings was as under: -

Name of Members No. of Meetings Attended
Shri R. S. Sahoo 8
Dr. A. K. Ambasht 6
45
Shri R. P. Natekar 5
Smt. Saroj Bala* 2
*Smt. Saroj Bala appointed as Member of Audit Committee w.e.f. December 1, 2019.
IV. Nomination and Remuneration Committee

Composition
The Nomination and Remuneration Committee comprises of four Directors. The Chairman of the Committee is an
Independent Director. The Company Secretary acts as a Secretary to the Committee.
The constitution of the Nomination and Remuneration Committee as on March 31, 2020: -
1. Dr. A. K. Ambasht Chairman, Independent, Non-Executive

2. Shri R. S. Sahoo Member, Independent, Non-Executive
3. Shri Gajendra Singh Member, Non-Executive.
4. Shri R. P. Natekar Member, Non-Executive
The minutes of the Nomination and Remuneration Committee Meetings are noted by the Board of Directors at the
subsequent Board Meeting.
During the financial year ended March 31, 2020, one Nomination and Remuneration Committee Meeting was held on
June 03, 2019.
The attendance of the Members of Nomination and Remuneration Committee Meetings was as under: -

Dr. A. K. Ambasht 1
Shri R. S. Sahoo 1
Shri Gajendra Singh 1
Shri R. P. Natekar 1
Terms of Reference
The term of reference of the Nomination and Remuneration Committee includes determining the criteria of appointment
to the Board and to identify candidates for appointment to the Board of Directors and senior management and evaluate
their performance.
Remuneration / Sitting Fees Paid to Directors
a. Executive Directors:
The remuneration paid to the Executive Directors (i.e. Managing Director and Director (Commercial)) is disclosed in
the Directors’ Report of the Company.
b. Non-Executive Directors:
Total commission on profit of Rs. 56.45 Lakhs was payable to non-executive Directors / their parent organizations for
the financial year 2019-20.
Non-Executive Directors were paid sitting fees of Rs. 30,000/- and Rs. 25,000/- for attending each Board meeting &
Committee meeting respectively. Total sitting fees paid during the financial year under review was Rs. 34.60 Lakhs.
The Non-Executive Directors do not hold any shares in the Company.
46
Remuneration Policy
The Managing Director and Director (Commercial) are nominated by GAIL (India) Limited (GAIL) and Bharat Petroleum
Corporation Limited (BPCL) respectively and the terms and conditions of their appointment including remuneration are
advised by their parent organizations.
The Company formulated a remuneration policy for its employees effective from April 1, 2018 for a period of three years
which was recommended by Nomination and Remuneration Committee and approved by Board of Directors.
V. Share Transfer & Stakeholders Relationship Committee:
Composition:
The Share Transfer & Stakeholders’ Relationship Committee constituted by the Board comprises of four members with an
Independent Non-Executive Director as Chairperson of the Committee.
The constitution of the Share Transfer & Stakeholders Relationship Committee as on March 31, 2020:
1) Shri Deepak Mishra* Chairman, Independent, Non-Executive

2) Smt. Saroj Bala Member, Independent, Non-Executive
3) Shri E. S. Ranganathan Member, Executive
4) Shri Amit Garg† Member, Executive
Shri Deepak Mishra appointed as Chairman of the Committee w.e.f. December 1, 2019.
*
†
Shri Amit Garg appointed as a member of the Committee w.e.f. July 25, 2019.
The minutes of the Share Transfer & Stakeholder Relationship Committee Meetings are noted by the Board of Directors at
the subsequent Board Meeting.
During the financial year ended March 31, 2020, one Share Transfer & Stakeholders Relationship Committee Meeting was
held on July 30, 2019. The attendance of the Members was as under: -

Shri Deepak Mishra* NA
Smt. Saroj Bala 1
Shri E. S. Ranganathan 1
Shri Amit Garg 1
*Shri Deepak Mishra appointed as Chairman of the Committee w.e.f. December 1, 2019.
Scope & Functions of Share Transfer & Stakeholders Relationship Committee:
The scope & functions of the Committee inter alia include consolidation/splitting of certificates, issue of duplicate share
certificates, transmission of shares, dematerialization / re-materialisation of shares in stipulated period of time. The
Committee also considers and oversee the grievances of the security holders and ensures cordial investor relations.
Compliance Officer:
Shri S. K. Jain, Company Secretary is the Compliance Officer.
Details of Shareholders’ Complaints Received & Replied to the Satisfaction of Shareholders:-
The Company received 53 complaints during the year, which were duly attended & replied. There was no complaint
pending as on March 31, 2020.
47
VI. Risk Management Committee
Composition:
The Risk Management Committee comprises of seven members which includes four Directors and three senior
management employees. The Chairman of the Committee is a Non-Executive Independent Director. All Members of the
Committee have good financial and accounting knowledge. The Company Secretary acts as a Secretary to the Committee.
The minutes of the Risk Management Committee Meetings are noted by the Board of Directors at the subsequent
Board Meeting.
The constitution of the Risk Management Committee as on March 31, 2020:-
1) Shri A. K. Ambasht Chairman, Independent, Non-Executive

2) Shri R. S. Sahoo Member, Independent, Non-Executive
3) Shri E. S. Ranganathan Member, Executive
4) Shri Amit Garg Member, Executive
5) Shri Rakesh Chawla CFO
6) Shri Susheel Jad VP (Legal)
7) Shri Amit Mathur AGM (R&CA/ IA &RM)
Terms of Reference:
The term of reference of Risk Management Committee includes periodical review & monitoring of the Risk Management
Framework to ensure that risks are controlled through properly defined framework. The risk assessment framework
encompasses, inter-alia, methodology for assessing risks (including cyber security) on ongoing basis, risk prioritization,
risk mitigation, monitoring plan and comprehensive reporting system.

During the financial year ended March 31, 2020, one Risk Management Committee meeting was held on February 24, 2020.
The attendance of the Members of Risk Management Committee Meeting was as under: -
Shri A.K. Ambasht 0
Shri R.S. Sahoo 1
Shri E.S. Ranganathan 1
Shri Amit Garg 1
Shri Rakesh Chawla 1
Shri Susheel Jad 1
Shri Amit Mathur 1
VII. General Body Meetings

The location, time and details of Special Resolutions passed in the last three Annual General Meetings were
as under:
Meeting Date Time Venue Detail of Special Resolutions Passed
18th AGM September 28, 2017 11:30 A.M. Manekshaw Centre, New 1. Approval of amendment of Clause V
Delhi of Memorandum of Association of the
Company.
2. Approval of amendment of Article 3 of
Articles of Association of the Company.
19th AGM September 26, 2018 11:30 A.M. Manekshaw Centre, New 1. Re-appointment of Shri Raghu Nayyar as an
Delhi Independent Director of the Company.
2. Re-appointment of Dr. Sudha Sharma as an
Independent Director of the Company.
48
Meeting Date Time Venue Detail of Special Resolutions Passed

20th AGM September 24, 2019 11:30 A.M. Airforce Auditorium, New Nil
Delhi
During the year under review, there have been no resolutions passed by the Company’s shareholders through postal
ballot. At the ensuing Annual General Meeting, no resolution is proposed to be passed by postal ballot.
VIII. Disclosures
(a) Related Party Transactions
The Company has entered into transactions with the Promoters, Directors or the Management, but they do not have
potential conflict with the interests of the Company at large. Transactions with related parties are being disclosed
separately in the Annual Report.
The Company has formulated a Policy on materiality of Related Party Transactions and on dealing with Related Party
Transactions and the same has been disclosed on the website of the Company at web link http://www.iglonline.net/
english/5000_media/About_us/Related-Party-Policy.pdf
(b) Compliances by the Company
Other than the below mentioned fine, during the last three years, there were no strictures or penalties imposed on the
Company either by the Stock Exchanges or SEBI, or any statutory authority for non-compliance of any matter related to
capital markets.
In financial year 2018-19, BSE Ltd. and National Stock Exchange imposed the fine of Rs. 1,30,400 each (plus GST @ 18%)
on the Company for the delay of 26 days in appointment of Independent Directors as per Regulation 17(1) of the Listing
Regulations.
(c) Whistle Blower Policy/Vigil Mechanism Policy
The Company has a Whistle Blower Policy for employees, Directors, vendors and suppliers of the Company to come
forward and raise their genuine concerns without any fear of retaliation and victimization. The Company has appointed
an independent third party as service provider to manage the operations of whistle-blower hotline. The complainant may
also reach out to Chairman of the Audit Committee directly in appropriate or exceptional circumstances by submitting a
written complaint. No personnel was denied access to the Audit Committee.
The Whistle Blower policy is available on website of the Company- www.iglonline.net.
Besides Whistle Blower Policy, the Company also has separate Vigil Mechanism for the stakeholders of the Company.
Chief Ethics Officer has been appointed for looking complaints under Vigil Mechanism Policy.
(d) Details of total fees paid to statutory auditors
The details of total fees for all services paid by the Company, on a consolidated basis, to the statutory auditor and all
entities in the network firm / network entity of which the statutory auditor is a part, are as under:
Type of service FY 2019-20 (in Rs. crores)
Audit Fees 0.55
Others(Reimbursement of expenses) 0.03
Total 0.58
49
(e) Complaints pertaining to sexual harassment
The details of complaints filed, disposed of and pending during the financial year pertaining to sexual harassment is
provided in the Business Responsibility Report of this Annual report.
(f) Compliance with the corporate governance codes
The Company has complied with the requirements stipulated under Regulations 17 to 27 and clauses (b) to (i) of sub-
regulation (2) of Regulation 46 of Listing Regulations, 2015.
IX. Means of Communication
The quarterly and half-yearly results are forthwith communicated to the BSE Ltd. (BSE) and the National Stock Exchange
of India Ltd. (NSE), where the shares of the Company are listed, as soon as these are approved and taken on record by
the Board of Directors of the Company. The results are published in leading newspapers, such as Business Standard/
Financial Express in English, Dainik Jagran/Jansatta/Hindustan in Hindi, alongwith the official news releases. The results and
presentations made to institutional investors/analyst are available on the Company’s website under ‘Investor Relations’.
For investors, the Company has created a separate e-mail ID i.e. investors@igl.co.in.
Management Discussion & Analysis is separately annexed and is forming a part of Annual Report.
X. General Shareholders Information
(a) Annual General Meeting:
The 21st Annual General Meeting of the Company is scheduled to be held on: -
Date and Time : September 28, 2020 at 11:30 A.M.
Venue : The Company is conducting meeting through Video Conference/Other Audio Visual Means pursuant to the MCA
circular dated May 5, 2020 and as such there is no requirement to have a venue for the AGM. For details, please
refer to the Notice of this AGM.
(b) Financial Year : April 1 to March 31
(c) Financial Calendar (Tentative):

The Quarterly results will be taken on record by the Board of Directors as per the following schedule:
Quarter ending June 30, 2020 : On or before September 15, 2020

Quarter ending September 30, 2020 : On or before November 14, 2020
Quarter ending December 31, 2020 : On or before February 14, 2021
Quarter/Year ending March 31, 2021 : On or before May 30, 2021
(d) Date of Book Closure for Dividend : September 19, 2020 to September 28, 2020 (both days inclusive)
(e) Dividend Payment Date : On or after October 5, 2020
(f) Listing on Stock Exchanges :
Name of Stock Address Stock Code

Exchanges
BSE Ltd. (BSE) Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001, 532514
Maharashtra.
National Stock Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra IGL
Exchange of India Ltd. (East), Mumbai - 400 051, Maharashtra.
(NSE)
The Company has paid the listing fees to BSE and NSE for the financial year 2019-20 within due date.
50
(g) ISIN Number : INE203G01027

(h) Market Price Data & Share price performance:
At BSE
MONTH IGL BSE (SENSEX)

HIGH (Rs.) LOW (Rs.) HIGH LOW
Apr-19 328 298 39487 38460
May-19 340 292 40125 36956
Jun-19 350 309 40312 38871
Jul-19 327 294 40032 37128
Aug-19 349 299 37808 36102
Sep-19 372 318 39441 35988
Oct-19 393 343 40392 37416
Nov-19 439 385 41164 40014
Dec-19 438 398 41810 40135
Jan-20 521 407 42274 40477
Feb-20 534 434 41709 38220
Mar-20 458 285 39083 25639
At National Stock Exchange (NSE)
MONTH IGL NSE (NIFTY)

HIGH (Rs.) LOW (Rs.) HIGH LOW
Apr-19 330 298 11856 11549
May-19 339 292 12041 11108
Jun-19 351 308 12103 11625
Jul-19 327 295 11982 10999
Aug-19 341 298 11181 10637
Sep-19 372 317 11695 10670
Oct-19 394 343 11945 11090
Nov-19 439 384 12159 11803
Dec-19 438 398 12294 11832
Jan-20 521 407 12431 11930
Feb-20 534 434 12247 11175
Mar-20 458 284 11433 7511
(i) Registrar and Share Transfer Agent:
The Company has appointed M/s Kfin Technologies Private Limited, Hyderabad as its Registrar and Share Transfer Agent,
to whom communications regarding change of address, change of mandate, split/consolidation/transmission of shares
etc. can be addressed. The address of the Registrar and Share Transfer Agent is as under: -
Kfin Technologies Private Limited, Unit- Indraprastha Gas Limited, Karvy Selenium Tower B, Plot No 31 & 32,
Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032.
Tel. No’s : 040-67162222

Fax No’s : 040-23001153
Toll Free no. : 1800-345-4001
E-Mail Address : einward.ris@kfintech.com
Website : www.kfintech.com
51
(j) Share Transfer System:
The shares of the Company are compulsorily traded in dematerialized form.
(k) Distribution of shareholding as on March 31, 2020:
S. Category Amount (Rs.) No. of % of Amount (Rs.) % of Amount

No. From To Shareholders Shareholders
1 1 5000 1,21,708 98.37 4,65,09,968 3.32
2 5001 10000 964 0.78 73,83,692 0.53
3 10001 20000 390 0.32 56,78,036 0.41
4 20001 30000 128 0.10 31,51,828 0.22
5 30001 40000 51 0.04 18,22,984 0.13
6 40001 50000 52 0.04 23,77,204 0.17
7 50001 100000 98 0.08 74,39,832 0.53
8 100001 & ABOVE 336 0.27 1,32,56,38,056 94.69
Total 1,23,727 100.00 1,40,00,01,600 100.00
(l) Categories of Shareholding as on March 31, 2020:
S. Category No. of Shares Total No. of % To Share

No. Holders Shares Held Capital
A Promoters Holding
- Indian Promoters 2 31,50,00,400 45
B Non Promoters Holding
Institutions
- Mutual Funds 28 5,26,65,109 7.52
- Financial Institutions/ Banks 8 10,28,221 0.15
- State Govt. 1 3,50,00,000 5.00
- Insurance Companies 4 6,35,57,113 9.08
- Foreign Portfolio/Institutional Investors 362 15,94,17,514 22.77
Non- Institutions
- Bodies Corporate 597 95,76,050 1.37
- Individuals 1,20,250 3,60,59,993 5.15
- Any Other :
(i) Non-resident Indians 2219 14,06,965 0.20
(ii) Trusts 13 2,61,692 0.04
(iii) Clearing Members 216 14,49,325 0.21
(iv) NBFCs registered with RBI 5 40,770 0.01
(v) IEPF 1 85,701 0.01
(vi) Qualified Institutional Buyer 21 2,44,51,947 3.49
TOTAL 1,23,727 70,00,00,800 100%
52
(m) Dematerialisation of Shares and Liquidity: -
The shares of the Company are compulsorily traded in dematerialized form, 94.99% of equity shares have been
dematerialized as on March 31, 2020.
The equity shares of the Company are actively traded at BSE & NSE.
(n) Outstanding GDRs/ ADRs/ Warrants or any Convertible instruments, conversion date and likely impact on
equity:
The Company had not issued any GDRs/ADRs/Warrants etc.
(o) Address for Correspondence: -
The Company Secretary, Indraprastha Gas Limited, IGL Bhawan, Plot No.4, Community Centre, Sector-9, R.K. Puram, New
Delhi-110022.
Tel No’s : 011-46074607

Fax No : 011-26171863
E-Mail Ids : skjain@igl.co.in, investors@igl.co.in
(p) Plant Locations: -
The Company has 555 CNG stations as on March 31, 2020 spread all around the National Capital Territory of Delhi and in
National Capital Region.
(q) Credit ratings

The Company has obtained rating from ICRA during the year ended March 31, 2020.
Rating Agency Rating
ICRA AAA (Non-fund based limit- long term)
ICRA A1+ (Short Term)
Non-Mandatory Requirements
1. Chairman of the Board
The Company has a Non-Executive Chairman and it bears the expenses, if any, incurred by him while performing
duties for the Company.
2. Shareholders’ Right
As the Company’s half-yearly results are published in English newspapers having circulation all over India and in a
Hindi newspaper widely circulated in New Delhi, the same are not sent to each household of shareholders.
Quarterly/Half yearly financial performance of the Company, are displayed on the website of the Company.
Declaration
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby declared that all the
Board members and the Senior Management personnel of the Company have affirmed compliance with the Code of
Conduct for the year ended March 31, 2020.
Sd/-
Place: New Delhi. (A.K. Jana)
Date: August 26, 2020 Managing Director
53
Annexure A
CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS

(Pursuant to Regulation 34(3) and Schedule V Para C clause (10) (i) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015)
To,
The Members of
IGL BHAWAN, PLOT NO.4, COMMUNITY CENTRE SECTOR-9,
R. K. PURAM NEW DELHI DL 110022 IN
We, V. K. Sharma & Co. Company Secretaries have examined the relevant registers, records, forms, returns and disclosures
received from the Directors of INDRAPRASTHA GAS LIMITED having CIN L23201DL1998PLC097614 and having registered office
at IGL BHAWAN, PLOT NO.4, COMMUNITY CENTRE, SECTOR-9, R. K. PURAM NEW DELHI DL 110022 IN (hereinafter referred
to as ‘the Company’), produced before me/us by the Company for the purpose of issuing this Certificate, in accordance with
Regulation 34(3) read with Schedule V Para-C Sub clause 10 (i) of the Securities Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
In our opinion and to the best of our information and according to the verifications (including Directors Identification Number
(DIN) status at the portal www.mca.gov.in) as considered necessary and explanations furnished to us by the Company & its
officers, We hereby certify that none of the Directors on the Board of the Company as stated below for the Financial Year
ending on 31st March, 2020 have been debarred or disqualified from being appointed or continuing as Directors of companies
by the Securities and Exchange Board of India, Ministry of Corporate Affairs, or any such other Statutory Authority except that
Ms. Renu Sharma a Director of the Company as on 31.03.2020, has not provided a written representation as to whether any
Company in which she is a Director on 31.03.2020, has not defaulted in terms of sub-section 2 of section 164 of the Act. In
the absence of such declaration we are unable to comment whether she is disqualified to be appointed as a Director of the
company as on 31.03.2020. However, she has ceased as director of the Company with effect from 21.07.2020.
Sr. Name of Director DIN Date of

No. appointment in
Company
1. GAJENDRA SINGH 03290248 14/01/2019
2. RANGANATHAN ELAVATHUR SUBRAMANIA 07417640 01/06/2016
3. AMIT GARG 08515246 25/07/2019
4. RAJENDRA NATEKAR PUSHPARAJ 07858989 14/01/2019
5. RENU SHARMA 02797298 01/12/2019
6. RAJIB SEKHAR SAHOO 02708503 11/02/2019
7. SAROJ BALA 07854580 11/02/2019
8. AKHILESH KUMAR AMBASHT 08339038 11/02/2019
9 RAMESH NARAIN MISRA 03109225 11/06/2019
10 DEEPAK MISHRA 02357888 13/06/2019
Ensuring the eligibility for the appointment / continuity of every Director on the Board is the responsibility of the management
of the Company. Our responsibility is to express an opinion on these based on our verification. This certificate is neither an
assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the management has
conducted the affairs of the Company.
For V.K. Sharma & Co

Company Secretary
Sd/-
(V. K Sharma )
FCS NO.: 3440
Place: Greater Noida C P NO. :2019
Date: 26 August, 2020 UDIN: F003440B000616723
54
Auditors’ Certificate on Corporate

Governance
To the Members of
1. We have examined the compliance of conditions of Corporate Governance by Indraprastha Gas Limited (‘the Company’),
for the year ended 31 March, 2020 as stipulated in the relevant clauses of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘Listing Regulations’) and Schedule V to the Listing Regulations.
2. The compliance of the conditions of corporate governance is the responsibility of the Management. Our examination
was limited to the procedures and implementation thereof, adopted by the Company for ensuring the compliance of the
conditions of corporate governance. It is neither an audit nor an expression of opinion on the financial statements of the
company.
3. In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company
has complied with the conditions of Corporate Governance as stipulated in the above-mentioned Listing Regulations.
4. We further state that the compliance is neither an assurance as to the future viability of the company nor the efficiency or
effectiveness with which the management conducted the affairs of the Company.
For V.K. Sharma & Co

Company Secretary
Sd/-
(V. K Sharma )
Place: Greater Noida FCS NO.: 3440
Date: 26 August, 2020 C P NO. :2019
UDIN: F003440B000616855
55
Management Discussion and Analysis
Company Overview Presently, the industry is facing challenges due to the spread
of COVID-19, which has led to a nation-wide lockdown.
Incorporated in 1998, Indraprastha Gas Limited (Company) The demand for natural gas has decreased since March,
today is one of the leading City Gas Distribution (CGD) 2020, the beginning of lockdown. Near standstill transport
companies in India. The Company is a joint venture sector along with prolonged closing of several factories and
promoted by GAIL (India) Limited and Bharat Petroleum manufacturing units during the lockdown has dented natural
Corporation Limited (BPCL). Government of NCT of Delhi is gas demand. With the ease down of lockdown situation, the
also a stakeholder with 5% equity. demand is picking up and expected to reach at its normal
level in the second half of the current year FY 2020-21.
The Company is in the City Gas Distribution business and
provides safe and uninterrupted gas supply through its However, the government on its part has been continuing
extensive distribution network to transport, domestic, its efforts to strengthen the gas industry. The government
commercial and industrial consumers. The operations of the has taken steps to increase indigenous production, creating
Company is spread over NCT of Delhi, Noida, Greater Noida, pipeline infrastructure throughout the country and increasing
Ghaziabad & Hapur, Gurugram, Meerut (except area already the capacity of LNG terminals. These measures coupled with
authorised), Shamli, Muzaffarnagar, Karnal, Rewari, Kanpur the start of Gas Exchange and envisaged revision in transport
(except area already authorized), Hamirpur & Fatehpur tariff policy are likely to add growth in the industry and
districts, Kaithal district and Ajmer, Pali & Rajsamand. transform India into a vibrant gas market.
The Company has two following associate companies that Other initiatives like LNG corridor along golden Quadrilateral,
operate as CGD Companies - Blue Corridor (LNG) and expansion of city gas distribution
network in the entire country are some of the other pioneering
• Central UP Gas Limited (CUGL), in the areas of Kanpur,
initiatives to boost natural gas demand in the country.
Bareilly, Unnao and Jhansi in Uttar Pradesh, and;
Trend of natural gas consumption in India (in MMSCM)
• Maharashtra Natural Gas Limited (MNGL), in the areas
of Pune and nearby areas of Pimpri, Chinchwad, Chakan,
40000 60.00%
Talegaon, Hinjewadi, Sindhudurg, Nashik and Dhule 52.80%
40.70% 44.60% 46.40% 47.30%
50.00%
district in the state of Maharashtra, parts of Valsad district
33867
30000
32058
31731
30257
30848
in Gujarat and Ramanagara in the state of Karnataka. 40.00%

28740
31129
27439
24849
20000 30.00%
21388
20.00%
Indian Natural Gas Industry 10000
10.00%
The oil and gas sector is one of the core industries in India. It 0 0.00%
plays a major role in influencing decision making for all the 2015-16 2016-17 2017-18 2018-19 2019-20
other important sectors of the economy. The government
LNG Import Net Production Import dependency (%)
is creating an enabling environment to make India a USD
[Source: PPAC]
5 trillion economy by 2025 and this sector is closely related
to this agenda. Therefore, with the growth of the Indian
economy, the demand for oil and gas is projected to singularly City Gas Distribution Sector in India
grow more in the coming years.
City Gas Distribution (CGD) refers to the transportation
Natural gas is the cleanest fossil fuels among the available or distribution of natural gas to consumers in domestic,
fossil fuels. However, Natural gas currently makes up only commercial or industrial and transport sectors through a
6.2% of all energy consumed in the country. Gas as clean fuel network of pipelines. This business has attracted several
has been given a top priority and Indian Government wants companies to lay a network of gas pipelines over the last
to make the Indian economy as a gas-based economy. In this decade. The sector has been witnessing growth over the
regard, the government is targeting its share to rise to 15% past years with the expansion CGD network in various parts
by 2030. The current consumption of gas comprises around of the country.
50% of domestic output and the remaining consumption
City gas distribution networks are being expanded with
is met through imports. There has been an increased
coverage of around 70% population and 50% area of the
dependence on imports over the years.
56
country till 10th round of bidding by PNGRB with massive gas to households and refuelling CNG vehicles. The expansion
investment plans. In order to promote the development of CNG and PNG services will also create huge employment
of CGD network, the Government has accorded priority in opportunities in this sector.
domestic gas allocation to PNG (Domestic) and CNG (Transport)
segments. The government has also taken up initiatives for Additionally, the PNGRB has proposed 44 new geographical
the expansion of the city gas networks, by opening ‘Make in areas for the upcoming 11th round of bidding for city gas
India’ market for ancillary equipment needed for piped natural distribution (CGD). The aim is to make environment friendly
fuel i.e. CNG/PNG available to public at large.
City Gas Distribution - Coverage of population of India and its Area

CGD Authorizations Geographical Areas (GAs) % Population of india %Area of India
Standalone Cumulative Standalone Cumulative Standalone Cumulative
Pre-PNGRB 30 30 9.28 9.28 2.95 2.95
Round 1 (Oct ‘08) 6 36 0.33 9.61 0.03 2.98
Round 2 (Feb ‘09) 3 39 0.23 9.84 0.03 3.01
Round 3 (Jul ‘10) 6 45 0.77 10.61 1.21 4.22
Round 4 (Sept ‘13) 9 54 2.27 12.88 1.29 5.51
Round 5 (Jan ‘15) 8 62 2.04 14.92 1.82 7.33
Round 6 (Oct ‘15) 17 79 2.07 16.99 2.02 9.35
Round 7 (Jun ‘16) 1 80 0.36 17.35 0.46 9.81
Round 8 (Nov ‘16) 6 86 0.94 18.29 0.57 10.38
Sec. 42 (Mar ‘18) 6 92 1.57 19.86 0.61 10.99
Round 9 (Apr ‘18) 86 178 26.38 46.24 23.82 34.81
Round 10 (Nov ‘18) 50 228 24.23 70.47 17.92 52.73
[Source: Petroleum and Natural Gas Regulatory Board]
Government Enablers Ratio Analysis
• Model CGD policy launched by the MoPNG. S. Particulars For the Year For the Year
No. 31 March 31 March
• Public Utility Status granted to CGD Projects by Ministry
2020 2019
of Labour and Employment.
1. Debtors Turnover Ratio 32.92 25.65
• Ministry of Defence has issued guidelines for use of PNG
2. Inventory Turnover 1077.24 992.31
in its residential areas/unit lines
Ratio
3. Current Ratio 1.39 1.46
Performance Analysis 4. Operating Profit Margin 19.52% 18.36%
Financial Performance %
5. Net Profit Margin % 17.62% 13.71%
IGL witnessed the following financial growth on standalone 6. Return on Net Worth % 22.45% 19.05%
basis during the year under review:
• Gross turnover increased from Rs. 6336.66 Crores in Segment Wise Performance
2018-19 to Rs. 7131.29 Crores in 2019-20. The Company has its presence in following segments:
• Profit after tax (PAT) increased to Rs. 1136.54 Crores in
Compressed Natural Gas (CNG) - IGL’s majority portion
2019-20 from Rs. 786.67 Crores in 2018-19.
of the revenue accrues from sales of CNG amounting to
• Earnings per share of the Company showed a growth Rs.5426.40 Crores in FY 2019-20, showing a growth rate of
rate of 44% from Rs. 11.24 in FY 2018-19 to Rs. 16.24 in 13.97 % over previous year. The Company has 555 stations
FY 2019-20. through which it provided gas to 11.45 lakh vehicles, with an
average sale of 33.67 lakh kg per day in 2019-20.
• Net worth of the Company as at 31st March 2020 was Rs.
5062.36 Crores as compared to Rs. 4129.85 Crores as at Piped Natural Gas (PNG) - The total sales of PNG grew by
31st March 2019. 8.21% to Rs. 1704.89 Crores in FY 2019-20 from Rs. 1575.57
• As on 31st March 2020, IGL is a zero debt Company. Crores in FY 2018-19. Sales volume of PNG increased from
57
552.52 mmscm in previous year to 619.05 mmscm in FY Regulatory Regime - The City Gas Distribution is under a
2019-20, registering a growth rate of 12.04%. IGL provided regulatory regime wherein the Regulatory Board (PNGRB)
2.72 lacs new PNG connections during FY 2019-20. As on has framed various regulations, which have ramifications
March 31, 2020, total PNG connections were provided to on a day to day business, operations of the CGD entity. Any
13.74 Lakh households and 5578 Commercial & Industrial changes in the regulations may have an adverse impact on
the Company. With regard to Marketing Exclusivity, IGL has
consumers. The Company’s pipeline infrastructure expanded
challenged Regulations 5 and 6 of the PNGRB Exclusivity
from 13,028 kms in FY 2018-19 to 14,605 kms in FY 2019-20.
Regulations in the Hon’ble High Court of Delhi and the matter
is under sub-judice.
Your Company has already established the CGD infrastructure

across all parts of NCT of Delhi. This would be a major
challenge for any new entrant in the prevailing scenario.
Opportunities
Unavailability of Natural Gas - Domestic Natural Gas is a
The growth momentum of sales is likely to continue in the scarce resource. The non-allocation of the required amount
coming years. of low-cost natural gas by the government may have an
adverse impact on margins.
• Expansion in new geographical areas – After the 9th
and 10th round of bidding, the Company has spread its However, considering the thrust of the government for
operations in the number of new geographical areas. The promoting eco-friendly fuel and firm allocation of gas for
Company continues to look for expansion opportunities transport and PNG domestic segments, it is expected that
in new geographical areas. the Company would continue to get assured supply of gas at
an affordable price.
• Green corridors – Establishing CNG/LNG stations
Competition from Alternative Fuels - The customers of the
alongside highways to provide opportunities to the
Company also have an alternative to move towards other
Company to increase its CNG sales volumes.
fuels if there is a cost advantage. Such scenario is likely to
impact the Company’s operations.
• Merger/acquisition of stake in other CGD Companies
– Through a merger or an acquisition of shares in other CNG constitutes around 75% of the total sales volume of
CGD Companies in the country, the Company is exploring the Company and is very much competitive compared to
the possibility of expanding its operations. alternate fuels i.e. petrol and diesel.
• Benefits of cost – The conversion of vehicles to CNG Macro-economic scenario - The dynamic macro-economic
mode is likely to increase as CNG is economical when scenario can have an impact on the growth plan of the
compared to other liquid fossil fuels such as petrol/ Company.
diesel. However, the Company has a strong financial position and
credit rating which will help the Company to mitigate this
• Smart Cities – Due to rapid urbanization, the government
risk. Healthy profitability, strong cash flow from operations,
of India is in the process of developing smart cities.
zero debt, and comfortable working capital position helps
These cities will feature robust infrastructure of clean
the Company to maintain its financial position.
and efficient fuel which is likely to add to the growth
prospects of the Company. Pandemic Covid-19 has made an impact on the overall sales
volume of the Company. However, with the ease down
• Reduction in carbon footprint – There is an increased of lockdown conditions, the sales volume are gradually
focus on reducing carbon emissions by judiciary, central increasing and expected to return at its normal level in the
and state governments which will promote eco-friendly coming months.
fuels i.e. CNG and PNG.
Fire & Safety Risk - The Company is in the gas distribution
business and fire & safety is a major concern.
Threats, Risk & Concerns and Mitigations
The Company gives utmost priority to this area and has
Increasing importance of electric vehicles - The popularity established robust system & procedures which has helped it
of Electric enabled vehicles have been growing in India with to record 184 million accident-free man-hours as on March
the government introducing various incentive schemes. In 31, 2020.
medium to long term, these cars may pose a potential threat
to CNG run vehicles. Internal Control
The Company is preparing itself for meeting the challenge by The Company has adequate internal control procedures
becoming a part of value chain in electric mobility business commensurate with the size and nature of its business.
and setting up of EV charging facilities at its CNG stations.
58
During the FY 2019-20, M/s Ernst & Young, Chartered government to increase its share in the total energy basket
Accountants and in-house audit team carried out internal of the country. The Company is making continuous efforts to
audits and the internal audit reports prepared by them were promote its wider use among all categories of prospective
placed before the Audit Committee. customers. To ensure this, awareness is spread among
all the users regarding the economic and environmental
advantages of natural gas when compared to other fuels.
Human Resource
The Company is promoting usage of natural gas as a fuel to
Human Resource plays a vital and strategic role and has reduce pollution in Delhi and its adjoining areas.
contributed its best to bring the Company to its present
heights. The HR practices were in line with the Organization Cautionary statement
and emphasis on HR Vision of building a team of competent,
committed and dedicated professionals for providing quality The Statement in this Management Discussion and Analysis
services to the clients and make a valuable contribution in Report describing the Company’s objectives, projections,
the development of the country. estimates, expectations or predictions may be ‘forward-
looking statements’ within the meaning of applicable laws
The success of IGL depends on the high level of skills and and regulations. Actual results might differ substantially
professionalism of employees. The company appreciates or materially from those expressed or implied. Important
the role of its human capital in propelling the Company to developments that could affect the Company’s operations
new heights. As on March 31, 2020, IGL’s employee strength include demand-supply conditions, changes in government
stands at 703 employees. and international regulations, tax regimes, economic
developments within and outside India and other factors
Environmental consciousness such as litigation and labour relations.
Natural gas is an environment-friendly fuel and emerging as

a fuel for the future. There is an endeavour on part of the
59
[As per Regulation 34(2) (f)]
Section A: General Information about the Company

1 Corporate Identity Number (CIN) of the Company L23201DL1998PLC097614
2 Name of the Company Indraprastha Gas Limited
3 Registered address IGL Bhawan, Plot No. 4, Community Centre, Sector-9, R. K
Puram, New Delhi- 110022
4 Website www.iglonline.net
5 Email ID investors@igl.co.in
6 Financial Year reported April 1, 2019 – March 31, 2020
7 Sector(s) that the Company is engaged in Natural Gas
(industrial activity code-wise) NIC Code (as per NIC Code 2008): 3520 (Manufacture of
gas; distribution of gaseous fuels through mains)
8 Three key products/services manufactured (as in balance sheet): Natural Gas
9 Total number of locations where business activity is NCT of Delhi; districts Gautam Budh Nagar, Ghaziabad,
undertaken by the Company Hapur, Muzaffarnagar, Shamli, uncovered parts of Meerut
& Kanpur, Fatehpur and Hamirpur in Uttar Pradesh;
districts Rewari, Gurugram (part) , Karnal and Kaithal in
Haryana; and, district Ajmer, Pali & Rajsamand in Rajasthan.
(a) Number of International Locations (Provide details of major 5) NIL
(b) Number of National Locations NCT of Delhi & NCR and other areas mentioned above
10 Markets served by the Company Local/State (Delhi & NCR and other areas mentioned
above, India)
Section B: Financial Details of the Company

(i) Paid up capital Rs. 140.00 Crores (700,000,800 equity shares of Rs. 2 each)
(ii) Total Turnover Rs. 7131.29 Crores
(iii) Total profit after taxes Rs. 1136.54 Crores
(iv) Total Spending on Corporate Social Responsibility (CSR) as (i) Amount spent: Rs. 19.88 Crores
percentage of profit after tax (%) (ii) Amount spent as percentage of profit after tax: 1.75%
(v) List of activities in which expenditure in 4 above has been incurred:
(i) Education
(ii) Eradicating Poverty
(iii) Preventive Healthcare, Sanitation & Hygiene
(iv) Skill Development
(v) Gender Equality & Women / Girl child Empowerment
Section C: Financial Details of the Company

1. Does the Company have any Subsidiary Company/ Companies?
No
2. Do the Subsidiary Company/Companies participate in the BR Initiatives of the parent company? If yes, then
indicate the number of such subsidiary company(s).
Not Applicable
60
3. Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with
participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities?
[>30%, 30-60%, < 60%]
No, none of the entity/entities with whom Company does business participates in the BR initiatives of the Company.
Company’s promoters i.e. GAIL (India) Limited (GAIL) and Bharat Petroleum Company Limited (BPCL) are required to
undertake BR activities and release their own BR reports.
Section D: BR Information
1 Details of Director/Directors responsible for BR
a. Details of Director/Directors responsible for BR implementation of the BR policy/policies
DIN No. : 08515246
Name : Shri Amit Garg
Designation : Director (Commercial)
b. Details of the BR head

DIN (if applicable) : 08515246
Name : Shri Amit Garg
Designation : Director (Commercial)
Telephone No : 011-46074610
Email ID : gargam@igl.co.in
2. Principle-wise (as per NVGs) BR Policy/policies:
The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business released by the
Ministry of Corporate Affairs has adopted nine areas of Business Responsibility. These are as follows:
Principle 1 Principle 2 Principle 3
Business should conduct and Businesses should provide Businesses should promote the
govern themselves with Ethics, goods and services that are safe well-being of all employees.
Transparency and Accountability. and contribute to sustainability
throughout their life cycle.
Businesses should respect the Businesses should respect and Business should respect, protect
interests of and be responsive promote human rights and make efforts to restore the
towards all stakeholders, environment.
especially those who are
disadvantaged, vulnerable and
marginalized
Businesses, when engaged in Businesses should support Businesses should engage

influencing public and regulatory inclusive growth and equitable with and provide value to their
policy, should do so in a development customers and consumers in a
responsible manner responsible manner.
61
Details of compliance (Reply in Y/N)
No. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
1 Do you have a policy/ policies for Yes No§ Yes No** Yes Yes Yes Yes Yes
2 Has the policy being formulated in consultation Yes NA Yes NA Yes Yes Yes Yes No††
with the relevant stakeholders?
3 Does the policy conform to any national / Yes∞ NA Yes∞ NA Yes∞ Yes∞ Yes∞ Yes∞ Yes∞
international standards? If yes, specify? (50 words)
4 Has the policy being approved by the Board? Yes NA Yes NA Yes Yes Yes Yes No
If yes, has it been signed by MD/ owner/ CEO/
appropriate Board Director?
5 Does the company have a specified committee Yes NA Yes NA Yes Yes Yes Yes Yes
of the Board/Director/Official to oversee the
implementation of the policy?
6 Indicate the link for the policy to be viewed online? Ref# NA Ref§§ NA Ref*** Ref††† Ref## Ref§§§ No
7 Has the policy been formally communicated to all Yes NA Yes NA Yes Yes Yes Yes No
relevant internal and external stakeholders?
8 Does the company have in-house structure to Yes NA Yes NA Yes Yes Yes Yes Yes
implement the policy/policies?
9 Does the Company have a grievance redressal Yes NA Yes NA Yes Yes Yes Yes Yes
mechanism related to the policy/ policies to address
stakeholders’ grievances related to the policy/ policies?
10 Has the company carried out independent audit/ Yes NA Yes NA Yes Yes Yes Yes Yes
evaluation of the working of this policy by an internal
or external agency?
§Company does not have specific policies regarding these aspects, considering the nature of Company’s business. However, the Company is taking
appropriate actions as and when required to address them
**Company doesn’t have specific policies regarding these aspects. However, Company is taking care of disadvantaged, vulnerable and marginalized
sections of the society through its various CSR programs
††PNGRB has a separate regulations “Petroleum and Natural Gas Regulatory Board (Code of Practice for Quality of Service for City or Local Natural
Gas Distribution Networks) Regulations, 2010” that details the standards of quality of services that a CGD entity has to abide by.
∞All policies have been developed as per the applicable legal framework
#http://www.iglonline.net/english/5000_media/About_us/Whistle-Blower-Policy.pdf
§§Policies are available to employees through intranet portal.
***Policy is available to employees through intranet portal.
†††http://www.iglonline.net//english/Default.aspx?option=article&type=single&id=71&mnuid=169&prvtyp=site
##http://www.iglonline.net/english/5000_media/About_us/Code-for-Fair-Disclosure.pdf
§§§http://www.iglonline.net//english/Default.aspx?option=article&type=single&id=38&mnuid=196&prvtyp=site
3. Governance related to BR assessment at various levels. The Board of Directors

assesses the BR performance of the Company, at least
a. Indicate the frequency with which the Board of once on annual basis.
Directors, Committee of the Board or CEO to assess
the BR performance of the Company. Within 3 b. Does the Company publish a BR or a Sustainability
months, 3-6 months, Annually, More than 1 year. Report? What is the hyperlink for viewing this
report? How frequently it is published?
The Company is committed to the sustainable
performance of its business and enhancement of The Company publishes its Business Responsibility
stakeholders’ value. The Board of Directors of the Report annually which forms part of the Annual Report
Company endeavour to ensure and improve the and can be accessed at the investor relations section on
sustainable practices of the Company through continual http://www.iglonline.net.
62
Section E: Principle Wise Performance Principle 2 - Businesses should provide goods and
services that are safe and contribute to sustainability
Principle 1 - Business should conduct and govern throughout their life cycle
themselves with Ethics, Transparency and
Accountability 1. List up to 3 of your products or services whose design
has incorporated social or environmental concerns,
1. Does the policy relating to ethics, bribery and risks and/or opportunities?
corruption cover only the company? Yes/ No. Does
it extend to the Group/Joint Ventures/ Suppliers/ The Company is engaged in the business of providing
Contractors/NGOs /Others? natural gas and environmental friendly fuel for the
transportation, household cooking and to commercial and
The Company has a code of conduct for board members industrial establishments. The business of the Company
and senior management and whistle blower policy itself promotes a sustainable eco-friendly environment
applicable to the employees, directors, vendors and which ensures the sustainability of Company’s business.
suppliers of the Company. For more details, please Air pollution has been a major concern for the country
refer to the Code of conduct webhosted on our website, and particularly in National Capital and surrounding
at http://www. iglonline.net//English/5000_media/ areas. The concern has been raised at various forums
Investor_Relations/ Code_of_Conduct.pdf. for reducing the level of pollutants and improving the air
quality index. All public transportation in NCT of Delhi
The Whistle blower Policy is available on our website, at
runs on compressed natural gas which is a green fuel as
http://www.iglonline.net/english/5000_media/About_us/
well as cost effective compared to other fossil fuels such
Whistle-Blower-Policy.pdf. In addition, the Company
as petrol and diesel. Similarly, PNG used by households,
has a system for delegation of powers, contract &
commercial and industrial establishments are clean fuel
procurement manual and other policies to ensure that
and does not harm the environment. The Company has
day to day affairs of the Company are conducted in a
been able to implement CNG and PNG as green fuel since
systematic and fair manner. The Company promotes at
its inception and has contributed to improve the quality
all levels ethics, transparency and fair dealing with the
of air in its areas of operation. There is a continuous
various stakeholders of the Company.
endeavour on the part of Company to make available
2. How many stakeholder complaints have been received environment friendly fuel at a reasonable price to create
in the past financial year and what percentage was pollution free environment for the society. The Company
satisfactorily resolved by the management? If so, has been expanding its business not only in existing
provide details thereof, in about 50 words or so. areas but also has plans to enter into new geographical
areas to supply eco-friendly fuel.
Company’s stakeholders include our investors, employees,
customers, vendors, government and local communities. 2. For each such product, provide the following details
For investor complaint, please refer to ‘investor complaint’ in respect of resource use (energy, water, raw
section in the corporate governance section of annual material etc.) per unit of product (optional):
report. Most of the investor complaints were related to
a.
Reduction during sourcing/production/
dividend and non-receipt of annual reports etc. Total 53
distribution achieved since the previous year
complaints were received during the financial year. All
throughout the value chain?
investors’ grievances were disposed of and there was no
pending complaint at the end of the year. The Company is primarily in distribution and supply of
the natural gas to the business users and end consumers.
The complaints received from the customers are
We are sourcing APM and PMT gas from GAIL at a price
being addressed by Customer care cell of Marketing
determined by the Government of India for meeting
Department of the Company. The Chief Ethics Officer
the entire requirement of the transportation and PNG
appointed under vigil mechanism addresses the
domestic sector. The requirement of gas for commercial
complaints received from other stakeholders.
and industrial sector are met through various sources
i.e. GAIL, BPCL and other private players. It is constant
endeavour of the Company to reduce gas loss during
distribution process.
63
b. Reduction during usage by consumers (energy, received by the Company from various parties are first
water) has been achieved since the previous year? evaluated based on Bidding Evaluation Criteria (BEC) and
thereafter techno commercial evaluation is done and
The Company is making continuous efforts to increase job is awarded to the lowest bidder. The Company has
the uses of natural gas. Natural gas which is the major detailed contract procurement manual and contracts
product of IGL doesn’t produce significant amount are made as per rules, criteria and principles laid down
of solid waste, air emissions, and carbon dioxide are in the manual which includes appropriate clauses and
also of lower quantity then those produced from non- checks to prevent the employment of child labour or
renewable coal and oil. The increased use of natural forced labour in any form. Our whistle blower policy/
gas reduces the carbon dioxide content in the area. It is vigil policy provides sufficient mechanism to voice
evident from the fact that Government of India is giving concerns and issues of our suppliers. We also organize
thrust to natural gas and wish to increase its share in the various interactive sessions with suppliers, vendors
total energy basket of the country. and customers for their feedback and to provide better
services.
3. Does the Company have procedures in place for
sustainable sourcing (including transportation)? If 5. Does the Company have a mechanism to recycle
yes, what percentage of your inputs was sourced products and waste? If yes, what is the percentage of
sustainably? Also, provide details thereof. recycling of products and waste (separately as 10%)?
Also, provide details thereof?
There is sustainable source of meeting gas requirements
for various segments of the Company. The government The nature of the product of Company is such that it
has given priority in allocation of gas for transportation cannot be recycled.
and domestic sector. The Company has firm supply of
gas for transportation and domestic households from Principle 3 - Businesses should promote the well-
Government of India to meet its entire requirement. The being of all employees
percentage of CNG and PNG domestic sector constitute
approx. 80% of total sales volume of the Company. The 1. Total no of employees: Our total employee count
Company is sourcing gas through long term contracts stands at 703 as on March 31, 2020.
and on spot basis for meeting the requirement of
2. Total number of employees hired on temporary/
commercial and industrial customers based on the
contractual/casual basis: Total count of employees
requirement from time to time. Substantial portion of
hired on temporary/contractual/casual basis by the
the raw material sourced by the Company is transported
Company stands at 10000 as on March 31, 2020.
through the installed pipelines, which is clean and
sustainable mode of transportation. 3. No of permanent women employees: The number of
our total women employees is 33 as on March 31, 2020.
4. Has the Company taken any steps to procure goods
and services from local & small producers, including 4. Number of permanent employees with disabilities:
communities surrounding their place of work? If The number of disabled permanent employees stands
yes, what steps have been taken to improve their at 4.
capacity and capability of local and small vendors?
5. Do you have an employee association that is
We source natural gas from GAIL and other suppliers as recognized by management: No
mentioned above. Besides sourcing of gas, the Company
procures various materials and services for its day to 6. What percentage of your permanent employees is
day operations for which we engage with local suppliers. members of this recognized employee association?
The Company’s procurement approach is based on
Not applicable as the Company does not have any
least priced tendering mechanism which ensures
employee association.
equal opportunity to all the participants including
local communities and small producers. The bids
64
7. Please indicate the number of complaints relating from time to time. The Company give due recognition
to child labour, forced labour, involuntary labour, to its employees and there are regular communication
sexual harassment in the last financial year and from management to its employees. The Company
pending, as on the end of the financial year: has suggestion scheme whereby employees can send
suggestion on various matters to the management.
No Category No of No of The Company organizes various interactive sessions
complaints complaints with its suppliers, vendors and customers for their
filed during pending as feedback and to offer better services. Under fire and
the financial on end of the safety training programs, training is being imparted to
year financial year employees, contract staff at CNG stations, DTC Drivers
1. Child labour/ NIL NIL and consumers of CNG and PNG. Under CSR policy,
forced labour/ the Company has taken various initiatives to provide
involuntary benefits to the underprivileged and poor strata of
labour society. The Company has an active presence in social
2. Sexual NIL NIL media for interaction with external stakeholders and
harassment also publishes Newsletters for communication with
3. Discriminatory NIL NIL internal stakeholders.
employment
2. Out of the above, has the Company identified
8. What percentage of your under mentioned the disadvantaged, vulnerable and marginalised
employees were given safety and skill up-gradation stakeholders?
training in the last year?
There is no formal identification of the disadvantaged,
The Company believes in holistic development of its vulnerable and marginalized stakeholders of the
employees and for this purpose organize various training Company. However, as part of our CSR initiative, we are
programs like competency development, team building, running education, healthcare, community infrastructure
soft skills and other periodical training on regular basis. development projects, and skill development
The Company has Health, Safety and Environment (HSE) programme for the lower strata of society and is actively
Policy and we impart Safety training to our employees working with them towards inclusive growth.
on periodical basis. Further, training is also imparted by
3. Are there any special initiatives taken by the
the Company to the contractual staff at CNG Stations,
Company to engage with the disadvantaged,
DTC drivers and consumers of CNG and PNG.
vulnerable and marginalised stakeholders? If so,
The percentage of the employees who have attended provide details thereof, in about 50 words or so
the training on safety and skill up-gradation training is as
Yes, as a responsible organization we are committed to
follows:
the needs and welfare of the communities around us
a) Permanent Employees: 93% and especially for the lower strata of the society. The
Company has been providing group accident insurance,
b) Permanent Women Employees: 100%
preventive health management & gender sensitization
c) Casual/Temporary/Contractual Employees: 100% to auto and taxi drivers of the region. Company is also
d) Employees with Disabilities: 100% contributing towards skill development programmes
for unemployed youth in the fields of gas plumbing and
Principle 4 - Businesses should respect the interests welding by providing technical oriented training. Further,
of and be responsive towards all stakeholders, the Company has been working with local authority for
especially those who are disadvantaged, vulnerable development of new toilet complexes and up-gradation
and marginalized of the toilet facilities in the government-run schools. The
Company organizes free health check-up camps for the
1. Has the Company mapped its internal and external
auto drivers and taxi drivers and has taken an insurance
stakeholders? Yes/No
scheme i.e. group accident cover for drivers of CNG run
Yes, the Company has mapped its various key internal public transport under IGL Suraksha Yojana.
and external stakeholders and interacts with them
65
Principle 5 - Businesses should respect and promote 2. Does the company have strategies/ initiatives to
human rights address global environmental issues such as climate
change, global warming, etc? Y/N. If yes, please give
1. Does the policy of the company on human rights hyperlink for webpage etc.
cover only the company or extend to the Group/Joint
Ventures/Suppliers/Contractors/NGOs/Others? IGL is committed to environmental protection and
understands its role and responsibility in mitigating
There is no dedicated human rights policy. However, the effects of climate change. In this regard, Company’s
the Company ensures protection of the human rights biggest contribution is in the form of its product, i.e.
to all at various levels in its practices and all contractors natural gas, which is a cleaner form of fuel compared
and suppliers are expected to follow the same. The to fossil fuels, i.e. coal and petroleum products.
Company has sexual harassment policy in line with the The Company is committed to promote the use of
Sexual Harassment of Women at Workplace (Prevention, environment friendly natural gases which could help in
Prohibition and Redressal) Act, 2013, to ensure safe reduction of the carbon emission to a great extent and
working environment for woman at workplace. We may contribute to prevent the global warming and the
respect the human rights of all concerned and provide air pollution.
equal opportunities to all without any discrimination on
the basis of gender, caste, sexual orientation or religion. 3. Does the company identify and assess potential
environmental risks? Y/N
2. How many stakeholder complaints have been
received in the past financial year and what percent There is a minimal environmental risk from our
was satisfactorily resolved by the management? operations owing to the nature of the business of the
Company. There is no significant process emissions
There were no grievances or complaints with respect to or waste generation in our operations and the limited
the human rights from any of the stakeholders of the wastes generated during the processing are disposed-
Company during the past financial year. off in an environment friendly manner.
Principle 6 - Business should respect, protect and 4. Does the company have any project related to Clean
make efforts to restore the environment Development Mechanism? If so, provide details
thereof, in about 50 words or so. Also, if yes, whether
1. Does the policy related to Principle 6 cover only the
any environmental compliance report is filed?
Company or extends to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/others Not Applicable.
As a responsible organisation, we are committed to 5. Has the company undertaken any other initiatives
take necessary steps for protection of the environment. on – clean technology, energy efficiency, renewable
As a step in this direction our Health, Safety and energy, etc? Y/N. If yes, please give hyperlink for web
Environment (HSE) Policy, ensures best practices and page etc.
provide a safe and healthy workplace for our employees
and contractors and other stakeholders engaged in For energy efficiency, Company has taken following
business with the Company. All the HSE standards and initiatives:
parameters are regularly reviewed by the Company. The
Contractors are also required to monitor adherence of 1. Conventional HPMV based light fittings have been
the policy and take strict actions on any issues arising replaced by LED based light fittings at ~ 70 % IGL CNG
out of non-adherence of the HSE Policy and the standard stations; replacement of same at remaining IGL CNG
parameters. In line with the Company’s HSE policy, stations is under progress.
safety audits and other statutory compliances are done
2. Conventional induction motor based ceiling fans have
to ensure safety in all facets of Company’s operations.
been replaced by Brushless DC motor based ceiling fans
Safety information is broadcasted regularly through FM
at ~ 40% IGL CNG stations; replacement of remaining
Radio for awareness of CNG/PNG customers and general
conventional fans is under progress.
public and mock drills are carried out regularly to check
preparedness to control emergencies. The Emergency 3. 39 numbers of IE2 motors (high efficiency) have been
Control Centres (ECC) established at strategic locations replaced by IE3 motors (premium efficiency).
across Delhi and the NCR, are manned round the clock
to respond fast to any gas leak or emergency situation. .
66
6. Are the Emissions/Waste generated by the company equitable development. Some of our corporate social
within the permissible limits given by CPCB/SPCB for responsibility initiatives include:
the financial year being reported?
1. Promoting healthcare including preventive
Considering the nature of business, this is not applicable healthcare for CNG Drivers under IGL Swasth Saarthi
to the Company. Programme;
7. Number of show cause/ legal notices received from 2. Building bonds through gender sensitization for
CPCB/SPCB which are pending (i.e. not resolved to auto drivers;
satisfaction) as on end of Financial Year
3. Self-defence training to women;
We did not receive any show cause/ legal notices from
CPCB/SPCB during the financial year 2019-20. 4. Skilled development training of unemployed youth
in the fields of gas plumbing and welding;
Principle 7 - Businesses, when engaged in influencing
public and regulatory policy, should do so in a 5. Construction and re-development of toilets in
responsible manner government run schools;
1. Is your company a member of any trade and chamber 6.

Supporting meritorious students from
or association? If Yes, Name only those major ones that underprivileged strata of society;
your business deals with:
Some of CSR activities undertaken by the Company
The Company is a member of Natural Gas Society which have been duly recognized and Company received
has been established to catalyse the development of the following rewards:
natural gas distribution industry. The aforesaid society is
1. Project Roshni, the preventive health care programme
a think tank which provide critical inputs on the sectoral
for Government school children was awarded at
policy through research, collaboration and dialogues.
CSR Community Initiative Awards 2019 during CSR
The Company is also a member of Federation of Indian
Leadership Summit.
Petroleum Industry (FIPI).
2. ‘Move Without Fear’ the self-defence training programme
2. Have you advocated/lobbied through above associations
for school girls was recognized at National CSR Summit
for the advancement or improvement of public good?
& Awards 2019 organized at New Delhi.
Yes/No; if yes specify the broad areas ( drop box:
Governance and Administration, Economic Reforms, 3. Project Roshni’, was awarded at 4th Social Imprints
Inclusive Development Policies, Energy security, Water, North East CSR Awards & Summit.
Food Security, Sustainable Business Principles, Others)
4. ‘Project Roshni’ was also awarded under the category
We put forth our views through the above associations ‘Swasthya Kalyan’ at ‘Social and Business Enterprise
on various ongoing issues concerning the CGD sector, Responsible Awards 2019’.
however, we do not lobby or influence public policies
with vested interest. 5. Two of IGL’s key CSR programmes ‘’Move Without Fear”
and ‘’IGL Swasth Saarthi” were recognized at 3rd Social
Principle 8 - Businesses should support inclusive Imprints CSR Awards and Summit 2019.
growth and equitable development
For further detail of the programmes/projects
1. Does the company have specified programmes/ undertaken by the Company under its corporate social
initiatives/projects in pursuit of the policy related to responsibility initiative, please refer to the Annual Report
Principle 8? If yes details thereof. on CSR Activities forming part of the Board report or our
CSR section of our website http://www.iglonline.net.
Our corporate social responsibility believes in all-
inclusive value creation among our stakeholders. We 2. Are the programmes/projects undertaken through
consider improving health, promoting education, in-house team/own foundation/external NGO/
increasing women empowerment & development of government structures/any other organization?
vocational skill leads to all-inclusive growth of all the
communities. The Company has put in place a ‘Policy on The Programmes are being undertaken directly/
Corporate Social Responsibility’ to guide its efforts on Government bodies/NGOs/specialized organisations
CSR initiatives that contribute to inclusive growth and etc. For details of the organizations through which the
67
programmes are being undertaken please refer to the industrial customers. The Company follows customer
Annual Report on CSR Activities forming part of the centric approach and has reduced the Turn Around Time
Board report. to attend complaints/requests by approx. 50%. Even with
reduced TAT period, IGL has managed to attend more
3. Have you done any impact assessment of your than 90% of these complaints in a time bound manner.
initiative?
2. Does the company display product information on
Yes, we have been doing impact assessment studies of the product label, over and above what is mandated
our CSR initiatives with the help of an external agency as per local laws? Yes/No/N.A. /Remarks (additional
engaged by the Company with an intent to analyse the information)
efficacy of the programmes and achieving better results..
As the Company does not deal in any physical product,
4. What is your company’s direct contribution to this is not applicable.
community development projects- Amount in INR
and the details of the projects undertaken? 3. Is there any case filed by any stakeholder against
the company regarding unfair trade practices,
The Company has taken various CSR activities for the irresponsible advertising and/or anti-competitive
benefit of society/community and spent Rs. 19.88 Crores behaviour during the last five years and pending
on such initiatives during the financial year ended as on end of financial year? If so, provide details
March 31, 2020. For details of the programmes/projects thereof, in about 50 words or so.
undertaken by the Company and the amount spent by
the Company on such programmes/projects, please We have appropriate mechanisms to receive and
refer to the report on Corporate Social Responsibility address complaints from stakeholders related to
forming part of our Annual Report. compliance, corruption or bribery. No stakeholder has
filed any case against the Company, nor are any cases
5. Have you taken steps to ensure that this community pending regarding unfair trade practices, irresponsible
development initiative is successfully adopted by advertising and / or anti-competitive behaviour during
the community? Please explain in 50 words, or so. the last five years and no such case is pending as on 31
March 2020.
The Company constantly monitors and do impact
assessment study of the CSR initiatives undertaken by 4. Did your company carry out any consumer survey/
on regular basis with the help of an external agency consumer satisfaction trends?
engaged by the Company to find the efficacy of the
programme. On the basis of the assessment reports, We interact with our customers on a regular basis and
appropriate measures are taken to ensure that the across multiple platforms. We also carry out consumer
initiatives taken by the Company should be beneficial to survey from time to time to assess the customer
the community and successfully adopted by them. The satisfaction level and take appropriate actions for
result of impact assessment study is further used for the improving its services. We are a customer centric
future CSR initiatives of the Company. organization and always endeavour to raise the level of
quality of services offered to our customers.
Principle 9 - Businesses should engage with and
provide value to their customers and consumers in a
responsible manner
1. What percentage of customer complaints/consumer

cases are pending as on the end of financial year?
The Company is catering to 11.45 lacs vehicles plying on

CNG in Delhi and NCR. The Company had total 13.74 lacs
households’ connections, besides 5578 commercial and
68
Standalone
Financial
Statements
69
To
The Members of
Report on the Audit of the Standalone Financial Basis for Opinion

Statements
3. We conducted our audit in accordance with the
Opinion Standards on Auditing specified under section 143(10)
of the Act. Our responsibilities under those standards
1. We have audited the accompanying standalone are further described in the Auditor’s Responsibilities
financial statements of Indraprastha Gas Limited (the for the Audit of the Financial Statements section of
‘Company’), which comprise the Balance Sheet as at 31 our report. We are independent of the Company in
March 2020, the Statement of Profit and Loss (including accordance with the Code of Ethics issued by the
Other Comprehensive Income), the Cash Flow Institute of Chartered Accountants of India (‘ICAI’)
Statement and the Statement of Changes in Equity for together with the ethical requirements that are
the year then ended, and a summary of the significant relevant to our audit of the financial statements under
accounting policies and other explanatory information. the provisions of the Act and the rules thereunder,
and we have fulfilled our other ethical responsibilities
2. In our opinion and to the best of our information and
in accordance with these requirements and the Code
according to the explanations given to us, the aforesaid
of Ethics. We believe that the audit evidence we have
standalone financial statements give the information
obtained is sufficient and appropriate to provide a
required by the Companies Act, 2013 (‘Act’) in the
basis for our opinion.
manner so required and give a true and fair view in
conformity with the accounting principles generally Key Audit Matter
accepted in India including Indian Accounting Standards
(‘Ind AS’) specified under section 133 of the Act, of the 4. Key audit matters are those matters that, in our
state of affairs of the Company as at 31 March 2020, professional judgment, were of most significance in
and its profit (including other comprehensive income), our audit of the standalone financial statements of the
its cash flows and the changes in equity for the year current period. These matters were addressed in the
ended on that date. context of our audit of the financial statements as a
whole, and in forming our opinion thereon, and we do
not provide a separate opinion on these matters.
5. We have determined the matter described below to be

the key audit matter to be communicated in our report.
Key audit matter How our audit addressed the key audit matter
Demand raised by Delhi Development Authority (‘DDA’)
Refer note 3.19 for the accounting policy and note 36(1)(c) Our audit procedures in relation to the aforesaid matter
for the related disclosure. included, but were not limited to the following:
As explained in the note 36(1)(c) to the accompanying • Evaluated the design of, and tested key internal
standalone financial statements; the Company had controls in respect of identification, recognition and
received a demand (excluding interest) from DDA measurement of provisions for dispute, litigations, and
amounting to H 155.64 crores during financial year 2013- contingent liabilities;
14 pertaining to the period 1 April 2007 to 31 March 2014
• Obtained the Company’s evaluation of the said matter
on account of increase in license fees in respect of sites
supported by the external legal opinion obtained by
taken on lease by the Company from DDA for setting up
the management in the financial year ended 31 March
Compressed Natural Gas (CNG) stations in Delhi. The
2020;
Company had filed a writ petition on 11 October 2013
70
before the Hon’ble High Court of Delhi against the • Discussed the said matter with the in-house legal
aforesaid demand (excluding interest) raised by DDA which general counsel of the Company;
is currently pending. Further, DDA vide communication
• Conducted in-depth inquiries with the management of
dated 29 August 2016 had revised the total demand
the Company and robust discussions with the Board, to
(excluding interest) to H 330.73 crores for the period upto
obtain their view on the status of the aforesaid matter;
31 March 2016.
• Circulated and obtained confirmation from the legal
The management of the Company, based on legal opinion
counsel representing the Company as at year end; and
obtained by them, have assessed the same as contingent
and accordingly not provided for the demand raised by • Assessed the appropriateness and adequacy of
DDA in the financial statements. the related disclosures in the standalone financial
statements in accordance with the applicable
We have identified this as a key audit matter for current
accounting standards
year audit owing to the materiality of the amounts involved
in this matter and inherent subjectivity and uncertainty
involved in determination of the amount, if any, to be
provided as liability in accordance with the applicable
accounting standards.
Information other than the Financial Statements responsible for the matters stated in section 134(5)
and Auditor’s Report thereon of the Act with respect to the preparation of these
standalone financial statements that give a true and
6. The Company’s Board of Directors is responsible for the fair view of the financial position, financial performance
other information. The other information comprises including other comprehensive income, changes in
the information included in the Annual Report, but equity and cash flows of the Company in accordance
does not include the standalone financial statements with the accounting principles generally accepted in
and our auditor’s report thereon. The Annual Report is India, including the Ind AS specified under section 133
expected to be made available to us after the date of of the Act. This responsibility also includes maintenance
this auditor’s report. of adequate accounting records in accordance with the
provisions of the Act for safeguarding of the assets of
Our opinion on the standalone financial statements
the Company and for preventing and detecting frauds
does not cover the other information and we will not
and other irregularities; selection and application of
express any form of assurance conclusion thereon.
appropriate accounting policies; making judgments
In connection with our audit of the standalone financial and estimates that are reasonable and prudent; and
statements, our responsibility is to read the other design, implementation and maintenance of adequate
information identified above when it becomes available internal financial controls, that were operating
and, in doing so, consider whether the other information effectively for ensuring the accuracy and completeness
is materially inconsistent with the standalone financial of the accounting records, relevant to the preparation
statements or our knowledge obtained in the audit or and presentation of the financial statements that
otherwise appears to be materially misstated. give a true and fair view and are free from material
misstatement, whether due to fraud or error.
When we read the Annual Report, if we conclude
that there is a material misstatement therein, we are 8. In preparing the financial statements, management
required to communicate the matter to those charged is responsible for assessing the Company’s ability to
with governance. continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going
Responsibilities of Management and Those concern basis of accounting unless management
Charged with Governance for the Standalone either intends to liquidate the Company or to cease
Financial Statements operations, or has no realistic alternative but to do so.
7. The accompanying standalone financial statements 9. Those Board of Directors are also responsible for
have been approved by the Company’s Board of overseeing the Company’s financial reporting process.
Directors. The Company’s Board of Directors is
71
Auditor’s Responsibilities for the Audit of the we are required to draw attention in our auditor’s
Financial Statements report to the related disclosures in the financial
statements or, if such disclosures are inadequate,
10. Our objectives are to obtain reasonable assurance to modify our opinion. Our conclusions are based
about whether the financial statements as a whole on the audit evidence obtained up to the date of
are free from material misstatement, whether due our auditor’s report. However, future events or
to fraud or error, and to issue an auditor’s report conditions may cause the Company to cease to
that includes our opinion. Reasonable assurance is continue as a going concern; and
a high level of assurance, but is not a guarantee that
an audit conducted in accordance with Standards on • Evaluate the overall presentation, structure and
Auditing will always detect a material misstatement content of the financial statements, including the
when it exists. Misstatements can arise from fraud or disclosures, and whether the financial statements
error and are considered material if, individually or in represent the underlying transactions and events
the aggregate, they could reasonably be expected to in a manner that achieves fair presentation.
influence the economic decisions of users taken on the
12. We communicate with those charged with governance
basis of these financial statements.
regarding, among other matters, the planned scope
11. As part of an audit in accordance with Standards on and timing of the audit and significant audit findings,
Auditing, we exercise professional judgment and including any significant deficiencies in internal control
maintain professional skepticism throughout the audit. that we identify during our audit.
We also:
13. We also provide those charged with governance with
• Identify and assess the risks of material a statement that we have complied with relevant
misstatement of the financial statements, whether ethical requirements regarding independence, and to
due to fraud or error, design and perform audit communicate with them all relationships and other
procedures responsive to those risks, and obtain matters that may reasonably be thought to bear on our
audit evidence that is sufficient and appropriate independence, and where applicable, related safeguards.
to provide a basis for our opinion. The risk of not
14. From the matters communicated with those charged
detecting a material misstatement resulting from
with governance, we determine those matters that
fraud is higher than for one resulting from error,
were of most significance in the audit of the financial
as fraud may involve collusion, forgery, intentional
statements of the current period and are therefore
omissions, misrepresentations, or the override of
the key audit matters. We describe these matters
internal control;
in our auditor’s report unless law or regulation
• Obtain an understanding of internal control relevant precludes public disclosure about the matter or when,
to the audit in order to design audit procedures in extremely rare circumstances, we determine that
that are appropriate in the circumstances. Under a matter should not be communicated in our report
section 143(3)(i) of the Act, we are also responsible because the adverse consequences of doing so would
for expressing our opinion on whether the reasonably be expected to outweigh the public interest
Company has adequate internal financial controls benefits of such communication.
with reference to financial statements in place and
the operating effectiveness of such controls;
Report on Other Legal and Regulatory
Requirements
• Evaluate the appropriateness of accounting
15. As required by section 197(16) of the Act, based on
policies used and the reasonableness of
our audit, we report that the Company has paid
accounting estimates and related disclosures
remuneration to its directors during the year in
made by management;
accordance with the provisions of and limits laid down
• Conclude on the appropriateness of management’s under section 197 read with Schedule V to the Act.
use of the going concern basis of accounting and,
16. As required by the Companies (Auditor’s Report) Order,
based on the audit evidence obtained, whether
2016 (the ‘Order’) issued by the Central Government of
a material uncertainty exists related to events or
India in terms of section 143(11) of the Act, we give in
conditions that may cast significant doubt on the
the Annexure A a statement on the matters specified in
Company’s ability to continue as a going concern.
paragraphs 3 and 4 of the Order.
If we conclude that a material uncertainty exists,
72
17. As required by the Comptroller and Auditor General f) we have also audited the internal financial controls
of India vide directions issued under Section 143(5) of with reference to financial statements of the
the Act, we give our report on the matters specified in Company as on 31 March 2020 in conjunction with
the aforementioned directions in Annexure B on taking our audit of the standalone financial statements of
into consideration the information, explanations, the Company for the year ended on that date and
examinations of records and written representations our report dated 17 June 2020 as per Annexure C
received from the management. expressed unmodified opinion; and
18. Further to our comments in Annexure A, as required by g) with respect to the other matters to be included
section 143(3) of the Act, based on our audit, we report, in the Auditor’s Report in accordance with rule 11
to the extent applicable, that: of the Companies (Audit and Auditors) Rules, 2014
(as amended), in our opinion and to the best of
a) we have sought and obtained all the information our information and according to the explanations
and explanations which to the best of our given to us:
knowledge and belief were necessary for the
purpose of our audit of the accompanying i. the Company, as detailed in note 36(1) to
standalone financial statements; the standalone financial statements, has
disclosed the impact of pending litigations on
b) in our opinion, proper books of account as required its financial position as at 31 March 2020;
by law have been kept by the Company so far as it
appears from our examination of those books; ii. the Company did not have any long-term
contracts including derivative contracts for
c) the standalone financial statements dealt with by which there were any material foreseeable
this report are in agreement with the books of losses as at 31 March 2020;
account;
iii. there has been no delay in transferring amounts,
d) in our opinion, the aforesaid standalone financial required to be transferred, to the Investor
statements comply with Ind AS specified under Education and Protection Fund by the Company
section 133 of the Act; during the year ended 31 March 2020; and
e) Ms. Renu Sharma, one of the directors of the iv. the disclosure requirements relating to
Company as on 31 March 2020, has not provided holdings as well as dealings in specified bank
a written representation as to whether she notes were applicable for the period from 8
has incurred any disqualifications in terms of November 2016 to 30 December 2016, which
sub-section (2) of the section 164 of the Act are not relevant to these standalone financial
with respect to any company in which she is a statements. Hence, reporting under this
director as on 31 March 2020. In the absence of clause is not applicable.
this representation, we are unable to comment
whether she is disqualified from being appointed For Walker Chandiok & Co LLP
as a director under sub-section (2) of section 164 of Chartered Accountants
the Act. As far as other directors are concerned, on Firm’s Registration No.: 001076N/N500013
the basis of the written representations received
from such directors and taken on record by the Sd/-
Board of Directors, we report that none of the Rajni Mundra
other directors are disqualified as on 31 March Partner
2020 from being appointed as a director in terms Place: New Delhi Membership No.: 058644
of sub-section (2) of section 164 of the Act. Date: 17 June 2020 UDIN: 20058644AAAAAX6689
73
Annexure A to the Independent Auditor’s Report
of even date to the members of Indraprastha Gas
Limited on the standalone financial statements for
the year ended on 31 March 2020
Annexure A
Based on the audit procedures performed for the purpose of (b) Other than PPE related to underground natural
reporting a true and fair view on the financial statements of gas distribution system which as per management
the Company and taking into consideration the information cannot be physically verified, the PPE has been
and explanations given to us and the books of account and physically verified by the management during
other records examined by us in the normal course of audit, the year and no material discrepancies were
and to the best of our knowledge and belief, we report that: noticed on such verification. In our opinion, the
frequency of verification of the PPE is reasonable
(i) (a) The Company has maintained proper records
having regard to the size of the Company and
showing full particulars, including quantitative
the nature of its assets. For the underground
details and situation of property, plant and
natural gas distribution system, the management
equipment (‘PPE’).
has adequate controls in place to safeguard the
physical existence of the said distribution system.
(c) The title deeds of all the immovable properties (which are included under the head ‘Property, plant and equipment’)
are held in the name of the Company except for the following properties:
(J in Crores)
Nature of Total Whether leasehold Gross block Net block on Remarks
property number of /freehold as on 31 31 March 2020
cases March 2020
Land One Leasehold perpetual 9.83 9.83 Refer note 1 below
Land One Leasehold perpetual 7.15 7.15 Refer note 2 below
Note 1: The Company has an allotment letter for (iii) The Company has not granted any loan, secured
the said land but has not entered into a lease deed. or unsecured to companies, firms, Limited Liability
Partnerships (LLPs) or other parties covered in the
Note 2: The Company has entered into a register maintained under Section 189 of the Act.
memorandum of understanding with the lessor, Accordingly, the provisions of clauses 3(iii)(a), 3(iii)(b)
but has, however, not entered into a lease deed. and 3(iii)(c) of the Order are not applicable.
(ii) The inventories of the Company comprise of natural (iv) In our opinion, the Company has complied with the
gas and inventory of stores and spares parts. As provisions of Section 186 in respect of investments.
explained to us, having regard to the nature of the Further, in our opinion, the Company has not entered
inventory of natural gas, the procedures followed into any transaction covered under Section 185 and
by the management for estimation of natural gas Section 186 of the Act in respect of loans, guarantees
quantities which is based on volume of pipelines and and security.
the volume of cascades containing the natural gas
considering the standard temperature and pressures, (v) In our opinion, the Company has not accepted any
are reasonable and no material discrepancies were deposits within the meaning of Sections 73 to 76 of
noticed on such computation. Further, in our opinion, the Act and the Companies (Acceptance of Deposits)
the management has conducted physical verification Rules, 2014 (as amended). Accordingly, the provisions
of inventory of stores and spare parts at reasonable of clause 3(v) of the Order are not applicable.
intervals during the year and no material discrepancies
between physical inventory and book records were (vi) We have broadly reviewed the books of account
noticed on physical verification. maintained by the Company pursuant to the Rules
made by the Central Government for the maintenance
74
of cost records under sub-section (1) of Section 148 of (vii) (a) The Company is regular in depositing undisputed
the Act in respect of Company’s products and are of the statutory dues including provident fund,
opinion that, prima facie, the prescribed accounts and employees’ state insurance, income-tax, sales
records have been made and maintained. However, tax, service tax, duty of customs, duty of excise,
we have not made a detailed examination of the cost value added tax, cess and other material statutory
records with a view to determine whether they are dues, as applicable, to the appropriate authorities.
accurate or complete. Further, no undisputed amounts payable in
respect there of were outstanding at the year-end
for a period of more than six months from the date
they become payable.
(b) The dues outstanding in respect of income-tax, sales tax, service tax, duty of customs, duty of excise and value added
tax on account of any dispute, are as follows:
Statement of Disputed Dues

(J in Crores)
Name Nature of dues Gross Amount paid Period to Forum where Remarks
of the amount under protest which the dispute is
statute due (J in against gross amount pending
crores) amount due relates
(J in crores)
Central Matters relating to levy of 4.84 2.42 2008-10 Commissioner Refer note
Excise Act, Excise duty on discount to of Central 1 below
1944 customers Excise
Income-tax Matters relating to 8.23 - Financial year Income-tax -
Act, 1961 disallowance of additional (FY) 2010-11 Appellate
depreciation Tribunal
Income-tax Matters relating to 10.68 - FY 2011-12 Income-tax -
Act, 1961 disallowance of additional Appellate
Income-tax Matters relating to 2.51 2.51 FY 2012-13 Income-tax Refer note
Act, 1961 disallowance of additional Appellate 2 below
Income-tax Matters relating to 0.84 - FY 2015-16 Income-tax -
Act, 1961 disallowance of additional Appellate
Income-tax Matters relating to 2.48 - FY 2016-17 Commissioner -
Act, 1961 disallowance of additional of Income- tax
depreciation (Appeals)
Uttar Matters relating to 0.04 0.04 FY 2018-19 Commercial -
Pradesh demand of Central Goods Tax
Goods and and Service Tax and department,
Service Tax Uttar Pradesh Goods and Uttar Pradesh
Act, 2017 Service Tax Act
75
Notes: (xi) Managerial remuneration has been paid and provided
by the Company in accordance with the requisite
1. The amount of H 2.42 crores disclosed as paid approvals mandated by the provisions of Section 197
under protest initially demanded by the Excise of the Act read with Schedule V to the Act.
Department had been paid and had been expensed
off in the Statement of Profit and Loss during the (xii) In our opinion, the Company is not a Nidhi Company.
previous years. Subsequently, a penalty of equal Accordingly, provisions of clause 3(xii) of the Order are
amount was also imposed on the Company, post not applicable.
which the Company filed an appeal against the
demand and penalty. (xiii) In our opinion all transactions with the related parties
are in compliance with Sections 177 and 188 of Act,
2. Amount paid under protest of H 4.52 crores for the where applicable, and the requisite details have been
financial year 2012-13 and 2013-14 inter-alia includes disclosed in the financial statements etc., as required
adjustment of H 4.01 crores, H 0.23 crores and H 0.08 by the applicable Ind AS.
crores made by the Income-tax department from
the refund of financial year 2013-14, 2014-15 and (xiv) During the year, the Company has not made any
2010-11 respectively. preferential allotment or private placement of shares
or fully or partly convertible debentures.
3. Amount paid under protest of H 0.17 crores for the
financial year 2014-15 pertains to the amount (xv) In our opinion, the Company has not entered into any
adjusted from the refund of financial year 2010-11. non-cash transactions with the directors or persons
connected with them covered under Section 192 of the
(viii) The Company has no loans or borrowings payable to Act.
a financial institution or a bank or government and no
dues payable to debenture-holders during the year. (xvi) The Company is not required to be registered under
Accordingly, the provisions of clause 3(viii) of the Order Section 45-IA of the Reserve Bank of India Act, 1934.
are not applicable.
For Walker Chandiok & Co LLP
(ix) The Company did not raise moneys by way of initial
Chartered Accountants
public offer or further public offer (including debt
Firm’s Registration No.: 001076N/N500013
instruments) and did not have any term loans
outstanding during the year. Accordingly, the provisions Sd/-
of clause 3(ix) of the Order are not applicable. Rajni Mundra
Partner
(x) No fraud by the Company or on the Company by its
Place: New Delhi Membership No.: 058644
officers or employees has been noticed or reported
Date: 17 June 2020 UDIN: 20058644AAAAAX6689
during the period covered by our audit.
76
Annexure B to the Independent Auditor’s Report

the year ended 31 March 2020
Annexure B
Independent Auditor’s Report as required by the Comptroller and Auditor General of India vide
directions issued under Section 143(5) of the Companies Act, 2013 (the ‘Act’)
Based on the audit procedures performed and taking into consideration the information, explanations, examinations of
records and written representations given to us by the management in the normal course of audit, we report to the best of
our knowledge and belief that:
S. Directions Response Impact on financial statement

no.
1. Whether the Company has The Company has system in place to Not applicable.
system in place to process all process all the accounting transactions
the accounting transactions through the IT system.
through the IT system? If yes, Further, as per the information and
the implications of processing of explanations given to us by the
accounting transaction outside management, there are no accounting
IT system on the integrity of the transactions that are processed outside
accounts along with the financial the IT system by the Company which
implications, if any, may be stated. impact the integrity of the accounts.
2. Whether there is any As per information and explanations Not applicable.
restructuring of an existing loan given to us and based on the
or cases of waiver/ write off of examination of records, the Company
debts/ loans/ interest etc. made did not have any debts/loans payable
by a lender to the Company due to any lender as at and during the
to the Company’s inability to repay year ended 31 March 2020 and hence
the loan? If yes, the financial impact reporting under this direction is not
may be stated. applicable.
3. Whether funds received/ receivable As per information and explanations Not applicable.
for specific schemes from Central/ given to us and based on the
State Agencies were properly examination of records, no funds
accounted for/ utlilized as per its have been received during the
terms and conditions? List the case year ended 31 March 2020 or are
of deviation. receivable as at 31 March 2020 for
specific schemes from the Central/
State Agencies. Therefore, reporting
under this direction is not applicable.

Firm’s Registration No.: 001076N/N500013
Sd/-
Rajni Mundra
Partner
Place: New Delhi Membership No.: 058644
Date: 17 June 2020 UDIN: 20058644AAAAAX6689
77
Annexure C to the Independent Auditor’s Report
the year ended 31 March 2020
Annexure C
Independent Auditor’s Report on the internal we comply with ethical requirements and plan and
financial controls with reference to the perform the audit to obtain reasonable assurance
standalone financial statements under Clause (i) about whether adequate internal financial controls with
of Sub-section 3 of Section 143 of the Companies reference to financial statements were established and
Act, 2013 (the ‘Act’) maintained and if such controls operated effectively in
all material respects.
1. In conjunction with our audit of the standalone
financial statements of Indraprastha Gas Limited (the 4. Our audit involves performing procedures to obtain
‘Company’) as at and for the year ended 31 March 2020, audit evidence about the adequacy of the internal
we have audited the internal financial controls with financial controls with reference to financial statements
reference to financial statements of the Company as at and their operating effectiveness. Our audit of internal
that date. financial controls with reference to financial statements
includes obtaining an understanding of such internal
Responsibilities of Management and Those financial controls, assessing the risk that a material
Charged with Governance for Internal Financial weakness exists, and testing and evaluating the design
Controls and operating effectiveness of internal control based
on the assessed risk. The procedures selected depend
2. The Company’s Board of Directors is responsible for
on the auditor’s judgement, including the assessment
establishing and maintaining internal financial controls
of the risks of material misstatement of the financial
based on the internal control over financial reporting
statements, whether due to fraud or error.
criteria established by the Company considering the
essential components of internal control stated in the 5. We believe that the audit evidence we have obtained
Guidance note on Audit of Internal Financial Controls is sufficient and appropriate to provide a basis for
over Financial Reporting (‘Guidance Note’) issued by the our audit opinion on the Company’s internal financial
Institute of Chartered Accountants of India (‘ICAI’). These controls with reference to financial statements.
responsibilities include the design, implementation and
maintenance of adequate internal financial controls that Meaning of Internal Financial Controls with
were operating effectively for ensuring the orderly and Reference to Financial Statements
efficient conduct of the Company’s business, including
6. A company’s internal financial controls with reference
adherence to the Company’s policies, the safeguarding
to financial statements is a process designed to
of its assets, the prevention and detection of frauds and
provide reasonable assurance regarding the reliability
errors, the accuracy and completeness of the accounting
of financial reporting and the preparation of financial
records, and the timely preparation of reliable financial
statements for external purposes in accordance with
information, as required under the Act.
generally accepted accounting principles. A company’s
Auditor’s Responsibility for the Audit of the internal financial controls with reference to financial
Internal Financial Controls with Reference to statements include those policies and procedures
Financial Statements that (1) pertain to the maintenance of records that,
in reasonable detail, accurately and fairly reflect the
3. Our responsibility is to express an opinion on the transactions and dispositions of the assets of the
Company’s internal financial controls with reference to company; (2) provide reasonable assurance that
financial statements based on our audit. We conducted transactions are recorded as necessary to permit
our audit in accordance with the Standards on Auditing preparation of financial statements in accordance
issued by the ICAI prescribed under Section 143(10) with generally accepted accounting principles, and
of the Act, to the extent applicable to an audit of that receipts and expenditures of the company are
internal financial controls with reference to financial being made only in accordance with authorisations of
statements, and the Guidance Note issued by the ICAI. management and directors of the company; and (3)
Those Standards and the Guidance Note require that
78
provide reasonable assurance regarding prevention Opinion

or timely detection of unauthorised acquisition, use, or
disposition of the company’s assets that could have a 8. In our opinion, the Company has, in all material
material effect on the financial statements. respects, adequate internal financial controls with
reference to financial statements and such controls
Inherent Limitations of Internal Financial were operating effectively as at 31 March 2020, based
Controls with Reference to Financial Statements on the internal control over financial reporting criteria
established by the Company considering the essential
7. Because of the inherent limitations of internal financial
components of internal control stated in the Guidance
controls with reference to financial statements, including
Note issued by ICAI.
the possibility of collusion or improper management
override of controls, material misstatements due to For Walker Chandiok & Co LLP
error or fraud may occur and not be detected. Also, Chartered Accountants
projections of any evaluation of the internal financial Firm’s Registration No.: 001076N/N500013
controls with reference to financial statements to future
periods are subject to the risk that the internal financial Sd/-
controls with reference to financial statements may Rajni Mundra
become inadequate because of changes in conditions, Partner
or that the degree of compliance with the policies or Place: New Delhi Membership No.: 058644
procedures may deteriorate. Date: 17 June 2020 UDIN: 20058644AAAAAX6689
79
Standalone
Balance Sheet As at 31 March 2020
(J in Crores)
Particulars Note As at As at
31 March 2020 31 March 2019
A Assets
1 Non-current assets
a) Property, plant and equipment 4 3,416.73 2,855.30
b) Capital work-in-progress 4 776.69 478.08
c) Right-of-use assets 122.00 -
d) Other intangible assets 4 18.17 21.55
e) Financial assets
(i) Investments 5 258.12 258.12
(ii) Loans 6 13.38 11.47
(iii) Other financial assets 7 0.10 0.34
f) Income-tax assets (net) 8 22.90 15.03
g) Other non-current assets 9 46.52 67.08
Total non-current assets 4,674.61 3,706.97
2 Current assets
a) Inventories 10 51.11 50.94
b) Financial assets
(i) Investments 11 - 1,285.87
(ii) Trade receivables 12 170.39 221.48
(iii) Cash and cash equivalents 13 667.71 71.16
(iv) Bank balances other than (iii) above 14 1,512.23 535.93
(v) Loans 15 1.99 3.78
(vi) Other financial assets 16 61.35 44.40
c) Other current assets 17 32.86 28.81
Total current assets 2,497.64 2,242.37
Total assets 7,172.25 5,949.34
B Equity and liabilities
1 Equity
a) Equity share capital 18 140.00 140.00
b) Other equity 19 4,922.36 3,989.85
Total equity 5,062.36 4,129.85
2 Liabilities
Non-current liabilities
a) Financial liabilities
(i) Lease liabilities 76.18 -
(ii) Other financial liabilities (other than those specified in item (b)) 20 1.97 0.41
b) Provisions 21 23.47 19.55
c) Deferred tax liabilities (net) 22 211.91 267.84
d) Other non-current liabilities 23 0.87 0.97
Total non-current liabilities 314.40 288.77
Current liabilities
(i) Trade payables 24
(A) total outstanding dues of micro enterprises and small enterprises; and 41.09 41.11
(B) total outstanding dues of creditors other than micro enterprises and 183.87 284.95
small enterprises
(ii) Other financial liabilities [other than those specified in item (c)] 25 1,221.73 977.76
(iii) Lease liabilities 20.01 -
b) Other current liabilities 26 71.50 61.66
c) Provisions 27 257.29 163.45
d) Current tax liabilities (net) 28 - 1.79
Total current liabilities 1,795.49 1,530.72
Total liabilities 2,109.89 1,819.49
Total equity and liabilities 7,172.25 5,949.34
Significant accounting policies and other explanatory information forming part of the standalone financial statements (1-57)
In terms of our report attached
For Walker Chandiok & Co LLP For and on behalf of Board of Directors
Firm’s Registration No. 001076N/N500013
Sd/- Sd/- Sd/-

Rajni Mundra Asit Kumar Jana Amit Garg
Partner Managing Director Director (Commercial)
Membership No. 058644 (DIN 03452799) (DIN 08515246)
Sd/- Sd/-
Place: New Delhi Rakesh Chawla S.K. Jain
Date: 17 June 2020 Chief Financial Officer Company Secretary
80
Standalone Statement of
Profit and Loss for the year ended 31 March 2020
(J in Crores)
Particulars Note Year ended Year ended
31 March 2020 31 March 2019
1 Revenue from operations 29 7,165.49 6,361.87
2 Other income 30 156.38 146.15
3 Total income (1 + 2) 7,321.87 6,508.02
4 Expenses:
(a) Purchases of stock-in-trade of natural gas 31 3,678.77 3,397.89
(b) Changes in inventories of stock-in-trade of natural gas 32 0.59 (0.57)
(c) Excise duty 680.22 597.03
(d) Employee benefits expense 33 151.70 142.55
(e) Finance costs 34 8.12 2.05
(f) Depreciation and amortisation expenses 4 and 51 252.25 201.07
(g) Other expenses 35 1,134.57 967.99
Total expenses (4) 5,906.22 5,308.01
5 Profit before tax (3 - 4) 1,415.65 1,200.01
6 Tax expense: 44
(a) Current tax 334.53 370.31
(b) Deferred tax (55.42) 43.03
Total tax expenses 279.11 413.34
7 Profit for the year (5 - 6) 1,136.54 786.67
8 Other comprehensive income
(a) Items that will not be reclassified to profit or loss
(i) Re-measurement of post employment benefit obligations (2.01) (1.44)
(ii) Income-tax relating to re-measurement of post employment 0.51 0.50
Other comprehensive income for the year, net of tax (1.50) (0.94)
9 Total comprehensive income for the year (7+8) (comprising 1,135.04 785.73
profit and other comprehensive income for the year)
10 Earnings per equity share: (face value of H 2 per share) 50
Basic and diluted (in H) 16.24 11.24
Significant accounting policies and other explanatory information forming part of the standalone financial statements
(1-57)
Sd/- Sd/- Sd/-

Sd/- Sd/-
81
Standalone Statement of
Changes in Equity for the year ended 31 March 2020
A) Equity share capital
Particulars Note Number in J in crores

crores
Balance as at 1 April 2018 18 70.00 140.00
Changes in equity share capital during the year - -
Balance as at 31 March 2019 18 70.00 140.00
B) Other equity
(J in Crores)
Reserves and surplus
Particulars Note General Retained Total
reserve earnings
Balance as at 1 April 2018 19 303.50 3,069.40 3,372.90
Dividends paid (including dividend distribution tax) - (168.78) (168.78)
Transactions with owners in their capacity as owners - (168.78) (168.78)
Profit for the year - 786.67 786.67
Other comprehensive income
Re-measurement of post employment benefit - (0.94) (0.94)
obligations (net of tax)
Balance as at 31 March 2019 19 303.50 3,686.35 3,989.85
Profit for the year - 1,136.54 1,136.54
Significant accounting policies and other explanatory information forming part of the standalone financial statements
(1-57)
Sd/- Sd/- Sd/-

Sd/- Sd/-
82
Standalone
Cash Flow Statement for the year ended 31 March 2020
(J in Crores)
Year ended Year ended
31 March 2020 31 March 2019
A. Cash flow from operating activities:
Profit before tax 1,415.65 1,200.01
Adjustments for:
- Depreciation and amortisation expense 252.25 201.07
- Unrealised foreign exchange (gain) - (0.10)
- Loss on property, plant and equipment sold or discarded 4.49 2.04
- Allowances for expected credit losses 4.24 2.59
- Provision for obsolete and slow moving capital work-in-progress 0.46 (0.33)
- Provision for obsolete and slow moving stores and spares, written back (0.27) (0.02)
- Allowances for expected credit loss no longer required, written back - (1.50)
- Liabilities/provisions no longer required, written back (3.21) (0.10)
- Finance costs 6.54 0.98
- Interest income on deposits with banks (46.68) (36.39)
- Income from investment in mutual funds (87.38) (88.79)
- Dividend income on investment in associates (13.20) (17.70)
Operating profit before working capital changes 1,532.89 1,261.76
Changes in working capital:
Adjustments for (increase)/decrease
- Financial assets (3.16) 1.06
- Other current assets (9.27) (26.80)
- Inventories 0.10 1.45
- Trade receivables 47.87 2.07
Adjustments for increase/ (decrease)
- Other liabilities 9.74 22.70
- Other financial liabilities 128.90 108.56
- Trade payables (97.89) 94.78
- Provisions 95.75 60.35
Cash flow generated from operating activities (gross) 1,704.93 1,525.93
Less: income-tax paid (net) (344.18) (368.78)
Net cash flow generated from operating activities (A) 1,360.75 1,157.15
B. Cash flow from investing activities:
- Payment for purchase of property, plant and equipment, other intangible (963.22) (680.72)
assets and capital work-in-progress including capital advances and
creditors for capital goods
- (Investment) in bank deposits with maturity more than three months (1,700.71) (2,183.64)
- Maturity of bank deposits with maturity more than three months 728.36 2,005.28
- Movement in restricted bank balance (3.59) (3.22)
- (Investment) in mutual funds (9,486.39) (9,626.86)
- Proceeds from sale of mutual funds 10,859.64 9,319.35
- Interest received on term deposits with banks 31.99 31.27
- Dividend received from associates 13.20 17.70
Net cash flow (used in) investing activities (B) (520.72) (1,120.84)
83
Standalone
(J in Crores)
Year ended Year ended
31 March 2020 31 March 2019
C. Cash flow from financing activities:
- Payment of lease liabilities (40.93) -
- Dividend and dividend distribution tax paid (202.53) (168.48)
- Interest paid (0.02) (0.35)
Net cash flow (used in) financing activities (C) (243.48) (168.83)
D. Net increase/ (decrease) in cash and cash equivalents (A+B+C) 596.55 (132.52)
E. Cash and cash equivalents as at the beginning of the year 71.16 203.68
F. Cash and cash equivalents as at the end of the year 667.71 71.16
G. Cash and cash equivalents at the end of the year (refer note 13)
i. Balances with banks in current accounts 129.68 25.88
ii. Cash on hand 1.08 11.89
iii. Balances with banks in fixed deposits with original maturity of less than 536.95 33.39
three months
667.71 71.16
Note 1: The above standalone cash flow statement has been prepared under the ‘Indirect method’ as set out in Ind AS 7,
‘Statement of cash flows’.
Note 2: Disclosure requirements as required as per Ind AS 7 ‘Statement of cash flows’ related to the change in financial
liabilities arising from financing activity is as below :
(J in Crores)
Particulars Year ended
31 March 2020
Lease liability
Balance as on 1 April 2019 62.69
Cash flows
Less: payment of lease liabilities (40.93)
Non cash changes
Add: Interest on lease liability 6.52
Add: New leases 67.91
Balance as on 31 March 2020 96.19
There are no disclosures relating to changes in liabilities arising from financing activities [applicable on the Company] pertaining
to the previous year ended 31 March 2019.
Sd/- Sd/- Sd/-

Sd/- Sd/-
84
Standalone summary of significant accounting policies

and other explanatory information for the year ended 31 March 2020
1 Corporate information The standalone financial statements of the Company
for the year ended 31 March 2020 were approved and
Indraprastha Gas Limited (the ‘Company’) authorised for issue by the Board of Directors on 17
or ‘IGL’ is a company limited by shares June 2020 (refer note 57).
domiciled in India and was incorporated on
23 December 1998 under the erstwhile Companies 3.2 Overall considerations
Act, 1956. The Company is listed on the Bombay
These standalone financial statements have been
Stock Exchange (BSE) and National Stock Exchange
prepared on going concern basis using the significant
(NSE). The registered office is located at IGL Bhawan,
accounting policies and measurement bases
Plot No.4, Community Centre, Sector 9, R.K. Puram,
summarised below.
New Delhi -110022.
These accounting policies have been used throughout
IGL is in the business of city gas distribution presently
all periods presented in the standalone financial
operating in the National Capital Territory of Delhi
statements.
including adjoining areas of Noida, Greater Noida,
Ghaziabad, Hapur, Gurugram, Meerut (except area 3.3 Historical cost convention
already authorised), Shamli, Muzaffarnagar, Karnal
and Rewari. These standalone financial statements have been
prepared on a historical cost convention except
where certain financial assets and liabilities have been
2 Application of new and revised Indian
measured at fair value.
Accounting Standards (Ind AS)
All the Ind AS issued and notified by the Ministry

3.4 Revenue recognition
of Corporate Affairs under the Companies (Indian (i) Sale of natural gas
Accounting Standards) Rules, 2015 (as amended) till
the standalone financial statements are authorized Revenue from the contracts with customers is
have been considered in preparing these standalone recognized when control of the goods or services
financial statements. are transferred to the customer at an amount that
reflects the consideration to which the Company
2.1 Standards issued but not yet effective expects to be entitled in exchange for those goods
or services. Sales, as disclosed, are inclusive of
Ministry of Corporate Affairs (‘MCA’) notifies new
excise but are net of trade allowances, rebates, VAT
standards or amendments to the existing standards.
and amounts collected on behalf of third parties.
However, there are no such notifications which have
been issued but are not yet effective or applicable from The Company earns revenues primarily from
1 April 2020. sale of natural gas. Revenue is recognized on
supply of gas to customers by metered/assessed
3 Significant accounting policies and other measurements. The Company has concluded that
explanatory information it is the principal in all its revenue arrangements
since it is primary obligor in all the revenue
3.1 General information and statement arrangements as it has pricing latitude and is also
of compliance with Indian Accounting exposed to credit risk.
Standards (Ind AS)
The Company considers the terms of the contract
These standalone financial statements of the Company and its customary business practices to determine
have been prepared in accordance with Ind AS notified the transaction price. The transaction price is the
by the Companies (Indian Accounting Standards) Rules, amount of consideration to which the Company
2015 and Companies (Indian Accounting Standards) expects to be entitled in exchange for transferring
Amendment Rules, 2016, read with Section 133 of the promised goods or services to a customer,
Companies Act, 2013 (the ‘Act’) and other provisions of excluding amounts collected on behalf of third
the Act. parties (for example, indirect taxes). No element of
85
financing is deemed present as the credit term is Net realisable value is the estimated selling price in
not more than one year. the ordinary course of business less any applicable
selling expenses.
The transaction price is allocated by the Company
to each performance obligation (or distinct good or 3.6
Foreign currency transactions and
service) in an amount that depicts the amount of translations
consideration to which it expects to be entitled in
exchange for transferring the promised goods or i. Initial recognition
services to the customer.
The Company’s standalone financial statements
For each performance obligation identified, are presented in Indian Rupee (‘INR’), which is also
the Company determines at contract inception the Company’s functional currency. Transactions in
whether it satisfies the performance obligation foreign currencies are recorded on initial recognition
over time or satisfies the performance obligation in the functional currency at the exchange rates
at a point in time. If an entity does not satisfy prevailing on the date of the transaction.
a performance obligation over time, the
ii. Measurement at the balance sheet date
performance obligation is satisfied at a point
in time. A receivable is recognized where the Foreign currency monetary items of the Company,
Company’s right to consideration is unconditional outstanding at the balance sheet date are restated
(i.e. only the passage of time is required before at the year-end rates. Non-monetary items which
payment of the consideration is due). When either are carried at historical cost denominated in a
party to a contract has performed, an entity shall foreign currency are reported using the exchange
present the contract in the balance sheet as a rate at the date of the transaction. Non-monetary
contract asset or a contract liability, depending on items measured at fair value in a foreign currency
the relationship between the entity’s performance are translated using the exchange rates at the date
and the customer’s payment. when the fair value is determined.
(ii) Interest and dividend income iii. Treatment of exchange difference
Interest income is reported on an accrual basis Exchange differences that arise on settlement of
using the effective interest method. Dividends are monetary items or on reporting at each balance
recognised at the time the right to receive payment sheet date of the Company’s monetary items at the
is established. closing rate are recognised as income or expenses
in the period in which they arise.
3.5 Inventories
3.7 Leases
(i) Inventory of stock-in-trade of natural gas
Accounting policy till 31 March 2019
Inventory of stock-in-trade of natural gas in
pipelines and cascades is valued at the lower of The determination of whether an arrangement is,
cost computed on First in First out (FIFO) basis or contains, a lease is based on the substance of the
and net realisable value. The cost of inventories arrangement at the inception date, whether fulfillment
comprises of all costs of purchase and other costs of the arrangement is dependent on the use of a
incurred in bringing the inventory to its present specific asset or assets or the arrangement conveys a
location and condition. right to use the asset, even if that right is not explicitly
specified in an arrangement.
(ii) Inventory of stores and spares
Company as the lessor
Stores and spares are valued at lower of cost
computed on weighted average basis and net Finance leases that transfer substantially all of the risks
realisable value. and benefits incidental to ownership of the leased item,
86

are capitalised at the commencement of the lease at • amounts expected to be payable under residual
the fair value of the leased property or, if lower, at the value guarantees, if any
present value of the minimum lease payments. Lease
payments are apportioned between finance charges • the exercise price of a purchase option if any, if
and a reduction in the lease liability so as to achieve a the Company is reasonably certain to exercise that
constant rate of interest on the remaining balance of option
the liability. Finance charges are recognised in finance
• payment for penalties for terminating the lease,
costs in the statement of profit and loss.
if the lease term reflects the Company exercising
Company as a lessee that option
A leased asset is depreciated over the useful life of the The lease payments are discounted using the interest
asset. However, if there is no reasonable certainty that rate implicit in the lease. If the rate cannot be readily
the Company will obtain ownership by the end of the determined, which is generally the case for leases in
lease term, the asset is depreciated over the shorter of the Company, the lessee’s incremental borrowing rate
the estimated useful life of the asset and the lease term. is used, being the rate that the individual lessee would
Lease arrangements where the risks and rewards have to pay to borrow the funds necessary to obtain
incidental to ownership of an asset substantially vest an asset of similar value to the right-of-use asset in
with the lessor are recognised as operating leases. a similar economic environment with similar terms,
Lease rentals under operating leases are recognised in security and conditions.
the statement of profit and loss on straight line basis
Lease payments are allocated between principal
unless the payments are structured to increase in line
and finance cost. The finance cost is charged to the
with expected general inflation to compensate for
statement of profit and loss over the lease period so
lessor’s expected inflationary cost increases
as to produce a constant periodic rate of interest on
Change in accounting policy the remaining balance of the liability for each period.
Variable lease payments that depends on sales are
A contract is, or contains, a lease if the contract conveys recognised in the statement of profit and loss in the
the right to control the use of an identified asset for a period in which the condition that triggers those
period of time in exchange for consideration. payments occurs.
The Company as a lessee Right-of-use assets are measured at cost comprising

the following:
From 1 April 2019, leases are recognised as a right-of-use
asset and a corresponding liability at the date at which • the amount of the initial measurement of lease
the leased asset is available for use by the Company. liability
Contracts may contain both lease and non-lease
components. The Company allocates the consideration • any lease payments made at or before the
in the contract to the lease and non-lease components commencement date less any lease incentives
based on their relative stand-alone prices. received
Assets and liabilities arising from a lease are initially • any initial direct costs; and
measured on a present value basis. Lease liabilities
• an estimate of costs to be incurred by the lessee in
include the net present value of the following lease
dismantling and removing the underlying asset or
payments:
restoring the underlying asset or site on which it is
• fixed payments (including in -substance fixed located
payments), less any lease incentives receivable
Right-of-use assets are generally depreciated over the
• variable lease payment that are based on an index shorter of the asset’s useful life and the lease term on a
or a rate, initially measured using the index or rate straight-line basis. If the Company is reasonably certain
as at the commencement date to exercise a purchase option, the right-of-use asset is
depreciated over the underlying assets useful life.
87
Payments associated with short-term leases are Short-term employee benefits
recognised on a straight-line basis as an expense in the
statement of profit and loss. Short term leases are the The undiscounted amount of short-term employee
leases with a lease term of 12 months or less. Further, benefits expected to be paid in exchange for the
rental payments for the land where lease period is services rendered by employees are recognised during
considered to be indefinite or indeterminable, these the year when the employees render the service.
are charged off to the statement of profit and loss. These benefits include performance incentive and
compensated absences which are expected to occur
3.8 Employee benefits within twelve months after the end of the period in
which the employee renders the related service. The
Employee benefits include provident fund, pension cost of such compensated absences is accounted as
fund, gratuity and compensated absences. under:
Defined contribution plans (a) in case of accumulated compensated absences,
when employees render the services that increase
The Company’s contribution to provident fund and
their entitlement of future compensated absences;
pension fund is considered as defined contribution plan
and
and is charged as an expense as they fall due based on
the amount of contribution required to be made and (b) in case of non-accumulating compensated
when services are rendered by the employees. The absences, when the absences occur.
Company has no legal or constructive obligation to pay
contribution in addition to its fixed contribution. Long-term employee benefits
Defined benefit plans Compensated absences which are allowed to be carried

forward over a period in excess of 12 months after the
The liability or asset recognised in the balance sheet in end of the period in which the employee renders the
respect of gratuity is the present value of the defined related service are recognised as a liability at the present
benefit obligation at the end of the reporting period value of the defined benefit obligation as at the Balance
less the fair value of plan assets. The defined benefit Sheet date out of which the obligations are expected
obligation is calculated annually by actuaries using the to be settled with actuarial valuations being carried
projected unit credit method. The present value of the out at each Balance Sheet date. Remeasurements,
defined benefit obligation is determined by discounting comprising of actuarial gains and losses are recognised
the estimated future cash outflows by reference to immediately in the balance sheet with a corresponding
market yields at the end of the reporting period on debit or credit to statement of profit and loss in the
government bonds that have terms approximating to period in which they occur. The obligation is measured
the terms of the related obligation. The net interest on the basis of independent actuarial valuation using
cost is calculated by applying the discount rate to the projected unit credit method.
the net balance of the defined benefit obligation and
the fair value of plan assets. This cost is included in 3.9 Taxes on income
employee benefit expense in the statement of profit
and loss. Remeasurement gains and losses arising Tax expense comprises current tax and deferred tax.
from experience adjustments and changes in actuarial Current tax is the amount of the tax for the period
assumptions are recognised in the period in which they determined in accordance with the Income-tax Act,
occur, directly in other comprehensive income. They 1961. Current tax is provided at amounts expected to
are included in retained earnings in the statement of be paid using the tax rates and laws that have been
changes in equity and in the balance sheet. Changes enacted or substantively enacted at the end of the
in the present value of the defined benefit obligation reporting period. Current income-tax relating to items
resulting from plan amendments or curtailments are recognised outside the statement of profit and loss is
recognized immediately in the statement of profit and recognised outside the statement of profit and loss
loss as past service cost. (either in Other comprehensive income or in equity).
Deferred tax is provided using the balance sheet
approach on temporary differences at the reporting
88

date between the tax bases of assets and liabilities consumers. In the case of commissioned assets
and their carrying amounts for financial reporting where final payment to the contractors is pending,
purposes at the reporting date. Deferred tax assets capitalisation is made on an estimated basis
and liabilities are measured at the tax rates that are pending receipt of final bills from the contractors
expected to apply in the year when the asset is realised and subject to adjustment in cost and depreciation
or the liability is settled, based on tax rates and tax laws in the year of final settlement.
that have been enacted or substantively enacted at the
reporting date. Deferred tax assets are recognised to iv. The carrying amount of assets, including those
the extent that it has become probable that future assets that are not yet available for use, are
taxable profits will allow the deferred tax asset to be reviewed at each balance sheet date to determine
recovered. Such assets are reviewed at each balance whether there is any indication of impairment. If
sheet date to reassess realisation. Deferred tax relating any such indication exists, recoverable amount
to items recognised outside the statement of profit and of asset is determined. An impairment loss is
loss is recognised outside the statement of profit and recognised in the statement of profit and loss
loss, in correlation to the underlying transaction either whenever the carrying amount of an asset exceeds
in other comprehensive income or directly in equity. its recoverable amount. An impairment loss is
reversed only to the extent that the carrying
Deferred tax assets and deferred tax liabilities are amount of asset does not exceed the net book
offset if a legally enforceable right exists to set off value that would have been determined if no
current tax assets against current income-tax liabilities impairment loss had been recognised.
and the deferred taxes relate to the same taxable entity
v. Stores and spares which meet the definition
and the same taxation authority.
of property, plant and equipment (whether
3.10 Operating cycle as component or otherwise) and satisfy the
recognition criteria, are capitalised as property,
Based on the nature of products/activities of the plant and equipment. When significant parts of
Company and the normal time between purchase property, plant and equipment are required to
of natural gas and their realisation in cash or cash be replaced at intervals, the Company recognised
equivalents, the Company has determined its operation the new part with its own estimated useful life
cycle as 12 months for the purpose of classification of its and it is depreciated accordingly. Likewise, when
assets and liabilities as current and non-current. a major overhauling/ repair is performed, its cost
is recognised in the carrying amount of respective
3.11 Operating expenses assets if the recognition criteria are satisfied and
depreciated over remaining useful life of asset or
Operating expenses are recognised in statement
over the period of next overhauling due, whichever
of profit or loss upon utilisation of the service or as
is earlier. All other repair and maintenance costs
incurred.
are recognised in the statement of profit and loss
3.12 (a) Property, plant and equipment as and when incurred.
i. Freehold land is carried at historical cost. All (b) Other intangible assets
other items of property, plant and equipment are
Other intangible assets comprise of computer
stated at cost less accumulated depreciation and
software/licenses. Such assets acquired by the
impairment losses, if any.
Company are initially measured at cost. After
ii. Property, plant and equipment are stated at their initial recognition, an intangible asset is carried
original cost including freight, duties, taxes and at cost less any accumulated amortisation and
other incidental expenses relating to acquisition accumulated impairment loss. Subsequent
and installation. expenditure is capitalised only if it is probable
that the future economic benefits will flow to the
iii. Gas distribution systems are commissioned when Company.
ready for commencement of supply of gas to
89
(c) Capital work-in-progress Amortisation method, useful lives and residual
values of other intangible assets are reviewed
Expenditure incurred during the period of construction, at each financial year - end and adjusted, if
including all direct and indirect expenses, incidental appropriate.
and related to construction, is carried forward and on
completion, the costs are allocated to the respective 3.14 Cash and cash equivalents
property, plant and equipment. Capital work-in-
progress also includes assets pending installation and Cash comprises cash on hand and demand deposits with
not available for intended use. banks. Cash equivalents also include short-term (with
original maturity of three months or less from the date
3.13 Depreciation and amortisation of acquisition), highly liquid investments that are readily
convertible into known amounts of cash and which are
Depreciation is charged on a pro-rata basis on the subject to an insignificant risk of change in value.
straight line method (‘SLM’) at rates prescribed in
Schedule II to the Companies Act, 2013 which are in line 3.15 Cash flow statement
with their estimated useful life , except for the following
assets where depreciation is charged on pro-rata basis Cash flows are reported using the indirect method,
over the estimated useful life of the assets based on whereby profit before tax is adjusted for the effects of
technical advice taking into account the nature of the transactions of non-cash nature and any deferrals or
asset, the estimated usage of the asset, the operating accruals of past or future cash receipts or payments.
conditions of the asset, past history of replacement, The cash flows from operating, investing and financing
anticipated technological changes, manufacturers activities of the Company are segregated based on the
warranties and maintenance support etc.: available information.
A Asset class Depreciation 3.16 Earnings per share

Property, plant and equipment
Basic earnings per share are calculated by dividing
- Mother compressors, online 10 years
the net profit or loss for the year attributable to
compressors and Booster
equity shareholders by the weighted average number
compressors
of equity shares outstanding during the year. The
(forming part of plant and
weighted average number of equity shares outstanding
equipment)
during the year is adjusted for events such as bonus
- Pipeline (forming part of plant 25 years
issue, bonus element in a rights issue, share split, and
and equipment)
reverse share split (consolidation of shares) that have
- Signages (forming part of 10 years
changed the number of equity shares outstanding,
buildings)
without a corresponding change in resources.
- Machinery spares 5 years
For the purpose of calculating diluted earnings per
Overhauling cost is depreciated over the remaining life share, the net profit or loss for the year attributable
of the respective asset or over the period till the next to equity shareholders and the weighted average
overhauling date, whichever is earlier. number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity
The residual values, useful lives and methods of shares.
depreciation of property, plant and equipment are
reviewed at each financial year end and adjusted 3.17 Equity, reserves and dividend payment
prospectively, if appropriate.
Equity shares are classified as equity. Incremental
B. Other intangible assets costs directly attributable to the issue of new shares
are shown in equity as a deduction, net of tax, from
Intangible assets comprising software and the proceeds. Retained earnings include current and
licenses are amortised on straight line method prior period retained profits. All transactions with
(SLM) over the useful life of five years, which owners of the Company are recorded separately
represents the management’s assessment of within equity.
economic useful life of the other intangible assets.
90

3.18
Impairment of property, plant and in a single segment of natural gas business and relevant
equipment, other intangible assets and disclosure requirements as per Ind AS 108 “Operating
investments in associates Segments” have been disclosed by the Company under
note no 52.
Assets are tested for impairment whenever events or
changes in circumstances indicate that the carrying 3.21 Fair value measurement
amount may not be recoverable and impairment loss
The Company measures financial instruments such
is recognised for the amount by which the asset’s
as investments in mutual funds, at fair value at each
carrying amount exceeds its recoverable amount. The
balance sheet date.
recoverable amount is higher of an asset’s fair value
less costs of disposal and value in use. For the purpose Fair value is the price that would be received to sell an
of assessing impairment, assets are grouped at the asset or paid to transfer a liability at the measurement
lowest levels for which there are separately identifiable date.
cash inflows which are largely independent of the cash
inflows from other assets or Company of assets (cash All assets and liabilities for which fair value is measured
generating units). If at the balance sheet date, there is an or disclosed in the standalone financial statements are
indication that a previously assessed impairment loss categorised within the fair value hierarchy, described
no longer exists, the recoverable amount is reassessed as follows, based on the lowest level input that is
and the asset is reflected at the recoverable amount significant to the fair value measurement as a whole:
subject to a maximum of depreciated historical cost
and the same is accordingly reversed in the statement • Level 1 — Quoted (unadjusted) market prices in
of profit and loss. active markets for identical assets or liabilities
3.19
Provisions, contingent liabilities and • Level 2 — Valuation techniques for which the
contingent assets lowest level input that is significant to the fair value
measurement is directly or indirectly observable
Provisions are recognised only when there is a present
obligation, as a result of past events, and when a reliable • Level 3 — Valuation techniques for which the
estimate of the amount of obligation can be made at the lowest level input that is significant to the fair value
reporting date. These estimates are reviewed at each measurement is unobservable.
reporting date and adjusted to reflect the current best
For the purpose of fair value disclosures, the Company
estimates. Provisions are discounted to their present
has determined classes of assets and liabilities on the
values, where the time value of money is material.
basis of the nature, characteristics and risks of the
Contingent liability is disclosed for:
asset or liability and the level of the fair value hierarchy
• Possible obligations which will be confirmed only as explained above.
by future events not wholly within the control of
3.22 Financial instruments
the Company or
I. Financial assets
• Present obligations arising from past events where it
is not probable that an outflow of resources will be a. Initial recognition and measurement
required to settle the obligation or a reliable estimate
of the amount of the obligation cannot be made. All financial assets are recognised initially at
fair value plus, in case of financial assets not
Contingent assets are not recognised. However, when recorded at fair value through profit or loss,
inflow of economic benefit is probable, related asset is transaction costs that are attributable to the
disclosed. acquisition of the financial asset, which are
not at fair value through profit and loss, are
3.20 Segment reporting
added to fair value on initial recognition.
Operating segments are reported in a manner Transaction costs of financial assets carried at
consistent with the internal reporting provided to the fair value through profit or loss are expensed
chief operating decision maker. The Company operates in statement of profit and loss.
91
b. Subsequent measurement d. Derecognition of financial assets
(i) Financial assets carried at amortised A financial asset is derecognised when:

cost
- The Company has transferred the right
A financial asset is subsequently to receive cash flows from the financial
measured at amortised cost if it is assets or
held within a business model whose
objective is to hold the asset in order to - Retains the contractual rights to receive
collect contractual cash flows and the the cash flows of the financial assets, but
contractual terms of the financial asset assumes a contractual obligation to pay
give rise on specified dates to cash flows the cash flows to one or more recipients.
that are solely payments of principal
Where the entity transfers the financial asset,
and interest on the principal amount
it evaluates the extent to which it retains
outstanding.
the risk and rewards of the ownership of
(ii) Financial assets at fair value through the financial assets. If the entity transfers
other comprehensive income (FVTOCI) substantially all the risks and rewards of
ownership of the financial asset, the entity
A financial asset is subsequently shall derecognise the financial asset and
measured at fair value through other recognise separately as assets or liabilities any
comprehensive income if it is held within rights and obligations created or retained in
a business model whose objective is the transfer. If the entity retains substantially
achieved by both collecting contractual all the risks and rewards of ownership of the
cash flows and selling financial assets financial asset, the entity shall continue to
and the contractual terms of the financial recognise the financial asset.
asset give rise on specified dates to
cash flows that are solely payments of Where the entity has neither transferred a
principal and interest on the principal financial asset nor retains substantially all risks
amount outstanding. and rewards of the ownership of the financial
asset, the financial asset is derecognised if
(iii) Financial assets at fair value through the Company has not retained control of the
profit or loss (FVTPL) financial asset. Where the Company retains
control of the financial assets, the asset is
A financial asset which is not classified continued to be recognised to the extent of
in any of the above categories are continuing involvement in the financial asset.
subsequently fair valued through the
statement of profit and loss. II. Financial liabilities
c. Impairment of financial assets Initial recognition and subsequent measurement
The Company assesses on a forward All financial liabilities are recognized initially
looking basis the expected credit losses at fair value and in case of borrowings and
(ECL) associated with its assets measured payables, net of directly attributable cost.
at amortised cost and assets measured at Financial liabilities are subsequently carried at
fair value through other comprehensive amortized cost using the effective interest method.
income. The impairment methodology For trade and other payables maturing within one
applied depends on whether there has been year from the balance sheet date, the carrying
a significant increase in credit risk. Note amounts approximate fair value due to the short
47 details how the Company determines maturity of these instruments. Changes in the
whether there has been a significant increase amortised value of liability are recorded as finance
in credit risk. cost.
92

III. Fair value of financial instruments (i) Estimation of defined benefit obligation
In determining the fair value of its financial The cost of the defined benefit plan and other
instruments, the Company uses a variety of post-employment benefits and the present value
methods and assumptions that are based on of such obligation are determined using actuarial
market conditions and risks existing at each valuations. An actuarial valuation involves making
reporting date. The methods used to determine various assumptions that may differ from actual
fair value include discounted cash flow analysis, developments in the future. These include the
available quoted market prices. All methods of determination of the discount rate, future salary
assessing fair value result in general approximation increases, mortality rates and attrition rate. Due
of value, and such value may vary from actual to the complexities involved in the valuation and
realization on future date. its long-term nature, a defined benefit obligation is
highly sensitive to changes in these assumptions.
IV. Offsetting of financial instruments All assumptions are reviewed at each reporting
date.
Financial assets and financial liabilities are offset
and the net amount is reported in the balance (ii) Estimation of current tax and deferred tax
sheet if there is a currently enforceable legal right
to offset the recognised amounts and there is an Management judgment is required for the
intention to settle on a net basis, to realise the calculation of provision for income - taxes and
assets and settle the liabilities simultaneously. deferred tax assets and liabilities. The Company
reviews at each balance sheet date the carrying
3.23 Significant accounting judgements, estimates amount of deferred tax assets. The factors used in
and assumptions estimates may differ from actual outcome which
could lead to adjustment to the amounts reported
The preparation of the Company’s financial statements
in these financial statements.
requires management to make judgments, estimates
and assumptions that affect the reported amounts (iii) Useful lives of depreciable/amortizable assets
of revenues, expenses, assets and liabilities and the
related disclosures and the disclosure of contingent Management reviews its estimate of the useful lives
liabilities. Uncertainty about these assumptions and of depreciable/amortizable assets at each reporting
estimates could result in outcomes that require a date, based on the expected utility of the assets.
material adjustment to the carrying amount of assets Uncertainties in these estimates relate to technical and
or liabilities affected in future periods. economic obsolescence that may change the utility of
certain property, plant and equipment.
Estimates and assumptions
(iv) Impairment of trade receivables
The key assumptions concerning the future and other
key sources of estimation uncertainty at the reporting Trade receivables do not carry any interest and
date, that have a significant risk of causing a material are stated at their normal value as reduced by
adjustment to the carrying amounts of assets and appropriate allowances for estimated irrecoverable
liabilities within the next financial year, are described amounts. Individual trade receivables are written
below. The Company based its assumptions and off when management deems them not to be
estimates on parameters available when these financial collectible. Impairment is recognised based on the
statements were prepared. Existing circumstances and expected credit losses, which are the present value
assumptions about future developments, however, of the cash shortfall over the expected life of the
may change due to market changes or circumstances financial assets.
arising that are beyond the control of the Company.
Such changes are reflected in the assumptions as and
when they occur.
93
(v) Fair value measurement Impact of Covid-19
Management applies valuation techniques to The Ministry of Home Affairs vide order No.4-3/2020
determine the fair value of financial instruments dated 24 March 2020 notified natural gas supply among
(where active market quotes are not available) the essential services which continued to operate
and non-financial assets. This involves developing within the lockdown period in the crisis situation of
estimates and assumptions consistent with how COVID 19. However, owing to reduction in demand due
market participants would price the instrument. to restrictions in vehicular movement, the management
Management bases its assumptions on observable voluntarily decided to temporarily close down some of
data as far as possible but this is not always available. the CNG stations. Similarly, demand from industrial
In that case management uses the best information and commercial customers were also impacted due to
available. Estimated fair values may vary from the the lockdown. The Company has evaluated the possible
actual prices that would be achieved in an arm’s length effects on the carrying amounts of the financial assets
transaction at the reporting date (refer note 46). including receivables and unbilled revenue and expects
to duly recover the same. The impact of the global
(vi) Evaluation of indicators for impairment of assets health pandemic may be different from that estimated
as at the date of approval of these financial statements
The evaluation of applicability of indicators of
and the Company will continue to closely monitor any
impairment of assets is based on assessment of
material changes to future economic conditions and
several external and internal factors which could result
impact thereof on its operations.
in deterioration of recoverable amount of the assets.
94
Standalone Summary of Significant Accounting Policies
and Other Explanatory Information for the Year Ended 31 March 2020
4 Property, plant and equipment, capital work-in-progress and other intangible assets
(J in Crores)
Particulars Property, plant and equipment Other Capital work-
intangible in-progress
assets (refer note
Total
Freehold Land on Buildings Plant and Furniture Vehicles Data Computer 4.3 and 4.4)
land perpetual lease (refer equipment and processing software/
(refer note 4.1) note 4.2) fixtures equipment licenses
Gross block
Balance as at 1 April 2018 21.10 16.98 397.61 2,390.05 15.59 7.73 11.54 2,860.60 27.98 386.02
Additions 7.05 - 23.41 596.22 1.49 4.33 4.34 636.84 11.09 685.30
Disposals/ adjustments - - 1.67 15.53 0.09 0.01 0.80 18.10 - 593.24
Balance as at 31 March 2019 28.15 16.98 419.35 2,970.74 16.99 12.05 15.08 3,479.34 39.07 478.08
Additions 12.27 - 16.00 743.61 4.18 10.85 4.54 791.45 3.60 1,019.17
Accumulated depreciation and
amortisation
Balance as at 1 April 2018 - - 47.42 387.71 4.19 2.47 3.26 445.05 11.50 -
Depreciation and amortisation - - 19.13 169.57 1.80 1.16 3.39 195.05 6.02 -
charge for the year
Disposals - - 1.63 13.64 - - 0.79 16.06 - -
Balance as at 31 March 2019 - - 64.92 543.64 5.99 3.63 5.86 624.04 17.52 -
charge for the year
Disposals - - 5.24 29.52 0.64 0.08 0.92 36.40 - -
Net block as at 31 March 2019 28.15 16.98 354.43 2,427.10 11.00 8.42 9.22 2,855.30 21.55 478.08
Notes:
4.1 Gross block of land on perpetual lease includes land amounting to H 16.98 crores (previous year: H 16.98 crores) obtained on lease from local authorities under licensing arrangement and pending
execution of the related lease agreements.
4.2 Buildings, inter-alia, include buildings which have been constructed on land acquired on lease from various Government Authorities. (refer note 38).
4.3 The expenditure incidental to setting up of project is included in capital work-in-progress (CWIP) which is apportioned to the property, plant and equipment on completion of project. The Company
has capitalised salary, wages and bonus amounting to H 9.52 crores (previous year H 7.68 crores) to the cost of property, plant and equipment /capital work-in-progress.
4.4 Capital work-in-progress has been netted off by H 2.03 crores towards provision for obsolete and slow moving capital work-in-progress (previous year H1.57 crores)
95
5 Non-current financial assets- investments
(J in Crores)
Particulars As at As at
31 March 2020 31 March 2019
Investments in equity instruments (measured at cost)
Trade (unquoted)
Investments in associates:
(a) Central U.P. Gas Limited (incorporated in India, operating in cities of Kanpur
and Bareilly)
Proportion of Company's ownership 50% 50%
3,00,00,000 (31 March 2019: 3,00,00,000) equity shares of H 10 each fully paid up in 68.12 68.12
Central U.P. Gas Limited purchased at H 22.65 per share
Incidental expenses amounting to H 0.17 crores included in the cost of investments.
(b) Maharashtra Natural Gas Limited (incorporated in India, operating in city of
Pune and adjoining areas)
Maharashtra Natural Gas Limited purchased at H 38 per share
258.12 258.12
Aggregate amount of unquoted investments 258.12 258.12
6 Loans - non-current
(J in Crores)
31 March 2020 31 March 2019
Security deposits
- Considered good - unsecured 13.38 11.47
13.38 11.47
7 Other non-current financial assets

(J in Crores)
31 March 2020 31 March 2019
Balance with banks in fixed deposits having remaining maturity of more than 12 months 0.06 0.30
(under lien against bank guarantee)
Others 0.04 0.04
0.10 0.34
96

8 Income-tax assets (net)
(J in Crores)
31 March 2020 31 March 2019
Advance tax (net of provisions) 22.69 11.04
Income-tax demand paid under protest 0.21 3.99
22.90 15.03
9 Other non-current assets

(J in Crores)
31 March 2020 31 March 2019
Capital advances 6.25 20.65
Advances other than capital advances:
Advance to related parties - GAIL (India) Limited (considered good, refer note 43) 12.88 11.48
Prepaid expenses 22.72 29.87
Others 4.67 5.08
46.52 67.08
10 Inventories (valued at lower of cost and net realisable value)

(J in Crores)
31 March 2020 31 March 2019
Stock-in-trade
Natural gas 3.12 3.71
Stores and spares 51.37 50.88
Less: Provision for obsolete and slow moving stores and spares (3.38) (3.65)
47.99 47.23
51.11 50.94
11 Current financial assets - investments

(J in Crores)
31 March 2020 31 March 2019
Investment in mutual funds (unquoted) - at fair value through profit and loss - 1,285.87
(refer 11.1 below)
- 1,285.87
Aggregate amount of unquoted investments and market value thereof - 1,285.87
97
11.1
(J in Crores)
31 March 2020 31 March 2019
(a) Nil units (31 March 2019: 2,52,488.807) in SBI Magnum Ultra Short Duration - 105.23
Fund, Direct Growth
(b) Nil units (31 March 2019: 2,50,85,667.555) in HDFC Low Duration Fund, - 102.50
Direct Growth
(c) Nil units (31 March 2019: 5,06,076.717) in IDBI Liquid Fund, Direct Growth - 101.37
(d) Nil units (31 March 2019: 2,21,645.568) in Reliance Liquid Fund, Direct Growth - 101.11
(e) Nil units (31 March 2019: 2,57,867.07) in HDFC Money Market Fund, Direct Growth - 101.07
(f) Nil units (31 March 2019: 4,15,521.645) in SBI Magnum Low Duration Fund, - 101.03
Direct Growth
(g) Nil units (31 March 2019: 1,96,56,614.166) in JM Liquid Fund, Direct Growth - 100.62
(h) Nil units (31 March 2019: 3,33,75,274.929) in Reliance Floating Rate Fund, - 100.51
Direct Growth
(i) Nil units (31 March 2019: 3,07,05,080.77) in HDFC Floating Rate Debt Fund, - 100.42
WP Direct Growth
(j) Nil units (31 March 2019: 3,58,700.377) in Franklin India Liquid Fund, Direct Growth - 100.38
(k) Nil units (31 March 2019: 36,24,187.29) in ICICI Prudential Liquid Fund, Direct - 100.18
Growth
(l) Nil units (31 March 2019: 4,96,310.478) in Mirae Asset Cash Management - 97.85
Fund, Direct Growth
(m) Nil units (31 March 2019: 12,55,147.14) in Aditya Birla Sun Life Liquid Fund, - 37.71
Direct Growth
(n) Nil units (31 March 2019: 95,190.381 ) in Tata Liquid Fund, Direct Growth - 28.03
(o) Nil units (31 March 2019: 25,678.43) in UTI Liquid Cash Plan, Direct Growth - 7.86
Total - 1,285.87
12 Trade receivables
(J in Crores)
31 March 2020 31 March 2019
Trade receivables
i. Trade receivables considered good - secured 88.01 83.66
ii. Trade receivables considered good - unsecured 82.38 137.82
iii Trade receivable - credit impaired 8.20 4.98
Less: Allowances for expected credit loss (8.20) (4.98)
170.39 221.48
The above receivables include:
Considered good - unsecured
Receivables from related parties (refer note 43) 9.29 18.45
All amounts are short-term. The net carrying value of trade receivables is considered a reasonable approximation of fair value.
98

13 Cash and cash equivalents
(J in Crores)
31 March 2020 31 March 2019
Balances with banks in current accounts 129.68 25.88
Cash on hand 1.08 11.89
Balances with banks in fixed deposits with original maturity of less than three months 536.95 33.39
667.71 71.16
There are no repatriation restrictions with regard to cash and cash equivalents as at the end of the reporting period and prior
periods.
14 Bank balances other than cash and cash equivalents

(J in Crores)
31 March 2020 31 March 2019
Balances with banks in fixed deposits with original maturity of more than three 1,500.94 528.36
months and remaining maturity of less than twelve months (refer note (a) below)
Unpaid dividend account (refer note (b) below) 0.99 0.86
Earmarked balances with banks in current accounts- Escrow account 10.30 6.71
1,512.23 535.93
Note:
a) Includes deposits under lien against bank gurantee of H 0.95 crores (previous year H nil).
b) Not due for deposit to the Investor Education and Protection Fund.
15 Loans - current
(J in Crores)
31 March 2020 31 March 2019
Security deposits
i. Considered good - secured - -
ii. Considered good - unsecured (refer note 15.1 below) 1.99 3.78
iii. Deposits - credit impaired 2.52 1.50
Less : Allowances for expected credit losses (2.52) (1.50)
1.99 3.78
15.1 Security deposits, inter-alia comprise of deposits given to related parties as below :
(J in Crores)
31 March 2020 31 March 2019
(a) GAIL (India) Limited 0.10 0.10
(b) Bharat Petroleum Corporation Limited 0.01 0.01
(Also, refer note 43) 0.11 0.11
99
16 Other current financial assets
(H in Crores)
31 March 2020 31 March 2019
Unbilled revenue 35.20 32.94
Interest accrued on fixed deposits 26.15 11.46
61.35 44.40
17 Other current assets

(J in Crores)
31 March 2020 31 March 2019
CENVAT credit recoverable 2.98 0.62
Employee advances 0.58 0.27
Advances to vendors* 1.35 1.33
Advances to others 2.07 1.94
Others 0.96 1.01
32.86 28.81
The management assesses the fair value of these financial assets not to be materially different from the amounts recognised
in the financial statements.
*Advances to vendors, inter-alia, includes advances given to related parties as below:

(J in Crores)
As at As at
31 March 2020 31 March 2019
(a) GAIL (India) Limited 0.68 -
(b) Bharat Petroleum Corporation Limited - 0.05
18 Equity share capital
Particulars As at 31 March 2020 As at 31 March 2019

Number of (J in crores) Number of (J in crores)
shares shares
(a) Authorised
Equity shares of H 2 each 1,10,00,00,000 220.00 1,10,00,00,000 220.00
(previous year H 2 each)
(b) Issued, subscribed and fully paid up
Equity shares of H 2 each 70,00,00,800 140.00 70,00,00,800 140.00
(previous year H 2 each)
100

18.1 Terms and rights attached to equity shares:
The Company has one class of equity shares having a par value of H 2 each (previous year H 2 each). Each shareholder is eligible
for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in
the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining
assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
18.2 Reconciliation of the number of equity shares outstanding as at the beginning and at the end of
the year:

Number of (H in crores) Number of (H in crores)
shares shares
Balance as at the beginning/end of the year 700,000,800 140.00 700,000,800 140.00
18.3 Details of shares held by each shareholder holding more than 5% shares*:
Number of % holding Number of % holding
shares shares
Equity shares of J 2 each
(a) GAIL (India) Limited 157,500,000 22.50% 157,500,000 22.50%
(b) Bharat Petroleum Corporation Limited 157,500,400 22.50% 157,500,400 22.50%
(c) Life Insurance Corporation of India 59,003,813 8.43% 53,234,451 7.60%
18.4 The Company has not issued any shares pursuant to contract without payment being received in cash, or allotted as
fully paid up by way of bonus shares or bought back any shares during the period of five years immediately preceding
the date of balance sheet. Further, there are no shares which are reserved for issue under options and contracts or
commitments for the sale of shares or disinvestment.
18.5 During the current year, the Company paid dividend of H 2.40 per equity share for financial year 2018-19 amounting to
H 168.00 crores (excluding dividend distribution tax of H 34.53 crores) [in the previous year, H 2.00 per equity share for
financial year 2017-18 amounting to H 140 crores (excluding dividend distribution tax of H 28.78 crores)].
19 Other equity
(J in Crores)
31 March 2020 31 March 2019
(a) General reserve :
Balance as at the beginning/ end of the year 303.50 303.50
(b) Retained earnings:
Opening balance 3,686.35 3,069.40
Profit for the year 1,136.54 786.67
Dividends distributed to equity shareholders (refer note no: 18.5 above) (168.00) (140.00)
Dividend distribution tax on dividend paid on equity share capital (refer note (34.53) (28.78)
18.5 above)
4,620.36 3,687.29
Items of other comprehensive income recognised directly in retained earnings
- Remeasurement of post-employment benefit obligation, net of tax (1.50) (0.94)
Closing balance 4,618.86 3,686.35
4,922.36 3,989.85
101
19 Other equity (Contd..)
Nature of reserves
General reserve
Under the erstwhile Companies Act 1956, general reserve was created through an annual transfer of net income at a specified
percentage in accordance with Companies (Transfer of profits to Reserve) Rules,1975. Consequent to introduction of the Companies
Act 2013, there is no such requirement to mandatorily transfer a specified percentage of the net profit to general reserve.
Retained earnings
Retained earnings are created from the profit / loss of the Company, as adjusted for distributions to owners, transfers to other
reserves, etc.
20 Other non-current financial liabilities

(J in Crores)
31 March 2020 31 March 2019
Security deposits 1.97 0.41
1.97 0.41
21 Non-current provisions
(J in Crores)
31 March 2020 31 March 2019
Provision for employee benefit obligations (refer note 42) 23.47 19.55
23.47 19.55
22 Deferred tax liabilities (net)

(J in Crores)
31 March 2020 31 March 2019
(a) Deferred tax liabilities on:
Difference between book balance and tax balance of property, plant and 236.21 275.98
equipment.
Financial assets at fair value through profit or loss - 5.32
Others - 0.03
236.21 281.33
(b) Deferred tax assets on:
Provision for employee benefit obligations 6.22 7.70
Provision for obsolete and slow moving stores and spares/ Capital work-in- 1.36 1.82
progress
Provision for expected credit loss on trade receivables and security deposits 2.70 2.26
Lease liability 0.88 -
Others 13.14 1.71
24.30 13.49
Deferred tax liabilities (net) 211.91 267.84
102

Movements in deferred tax liabilities and deferred tax assets
(J in Crores)
Particulars Property, plant Gratuity and Other
and equipment compensated provisions
absences
As at 1 April 2018 234.03 (4.89) (3.83)
Charged/ (credited) to the statement of profit or loss 41.95 (2.31) 3.39
(Credited) to other comprehensive income - (0.50) -
As at 31 March 2019 275.98 (7.70) (0.44)
Charged/(credited) to the statement of profit or loss (39.77) 1.99 (17.64)
As at 31 March 2020 236.21 (6.22) (18.08)
23 Other non-current liabilities

(J in Crores)
31 March 2020 31 March 2019
Others 0.87 0.97
0.87 0.97
24 Current financial liabilities- Trade payables

(J in Crores)
31 March 2020 31 March 2019
Trade payables
(i) total outstanding dues of micro enterprises and small enterprises (refer note 41) 41.09 41.11
(ii) total outstanding dues of creditors other than micro enterprises and small
enterprises
Payable to others 138.29 134.05
Payable to related parties (refer note 43) 45.58 150.90
224.96 326.06
25 Other current financial liabilities

(J in Crores)
31 March 2020 31 March 2019
Security deposits from customers (refer note 39) 771.58 649.27
Unclaimed dividend# 0.99 0.86
Security deposits from vendors 3.87 3.54
Employee payable 32.99 28.29
Creditor for capital goods 412.30 295.80
1,221.73 977.76
# not due for deposit to the Investor Education and Protection fund.
103
26 Other current liabilities
(J in Crores)
31 March 2020 31 March 2019
Excess payments received from customers 26.09 23.72
Advance from customers 10.39 6.31
Statutory dues payable 17.49 13.14
Advance received for shifting of pipeline 16.77 17.05
Others 0.76 1.44
71.50 61.66
27 Current- provisions
(J in Crores)
31 March 2020 31 March 2019
Provisions for lease rentals (refer note below) 256.06 162.42
257.29 163.45
Movement of provisions for lease rentals as required under Ind AS 37
Balance as at the beginning of the year 162.42 107.47
Add: Additonal provisions made during the year 93.64 54.95
Balance as at the end of the year 256.06 162.42
28 Current tax liabilities (net)

(J in Crores)
31 March 2020 31 March 2019
Provision for tax (net of advance tax) - 1.79
- 1.79
29 Revenue from operations

(J in Crores)
Particulars Year ended Year ended
31 March 2020 31 March 2019
Sale of natural gas (including excise duty) 7,131.29 6,336.66
Other operating revenues 34.20 25.21
7,165.49 6,361.87
104

30 Other income
(J in Crores)
31 March 2020 31 March 2019
Interest income from banks 46.68 36.39
Dividend income from:
- investments in associates 13.20 17.70
Profit on sale of mutual funds 87.38 73.57
Net gain arising on debt mutual funds designated as at fair value through profit or loss - 15.22
Provision for obsolete and slow moving stores and spares, written back 0.27 0.02
Provision for obsolete and slow moving capital work-in-progress, written back - 0.33
Liabilities/provisions no longer required, written back 3.21 0.10
Allowances for expected credit loss no longer required, written back - 1.50
Net gain on foreign currency transaction and translation - 0.05
Other non-operating income 5.64 1.27
156.38 146.15
31 Purchases of stock-in-trade of natural gas

(J in Crores)
31 March 2020 31 March 2019
Natural gas 3,678.77 3,397.89
3,678.77 3,397.89
32 Changes in inventories of stock-in-trade of natural gas

(J in Crores)
31 March 2020 31 March 2019
Closing stock of stock-in-trade of natural gas 3.12 3.71
Opening stock of stock-in-trade of natural gas 3.71 3.14
0.59 (0.57)
33 Employee benefits expense

(J in Crores)
31 March 2020 31 March 2019
Salaries and wages 129.44 123.04
Contribution to provident fund and other funds 4.41 4.23
Staff welfare expenses 17.85 15.28
151.70 142.55
105
34 Finance costs
(J in Crores)
31 March 2020 31 March 2019
Finance costs on defined benefit obligations 1.58 1.07
Interest on late deposit of advance tax - 0.26
Interest on lease liabilities 6.52 -
Other finance costs 0.02 0.72
8.12 2.05
35 Other expenses
(J in Crores)
31 March 2020 31 March 2019
Operating expenses at CNG stations 201.89 182.53
Stores and spares consumed 25.21 27.03
Power and fuel 231.87 209.58
Rent 145.42 105.17
Hire charges:
- Vehicle 26.02 25.23
- Equipment 2.60 1.57
Rates and taxes 2.70 2.33
Repairs and maintenance:
- Buildings 22.25 12.89
- Plant and equipment 278.69 227.22
Security expenses 52.08 49.44
Insurance 1.96 1.49
Cash/cheque collection charges 9.34 10.70
Legal and professional fees 23.21 18.34
Auditor's remuneration (refer note 35.1) 0.58 0.54
Travelling and conveyance 7.07 5.40
Office maintenance 8.28 6.84
Advertisement expenses 11.36 12.40
Loss on property, plant and equipment sold or discarded 4.49 2.04
Allowances for expected credit losses 4.24 2.59
Provision for obsolete and slow moving capital work-in-progress 0.46 -
Corporate social responsibility (CSR) activity expenses (refer note 40) 19.88 14.49
Miscellaneous expenses 54.97 50.17
1,134.57 967.99
106

35 Other expenses (Contd..)
35.1 Payment to the statutory auditors as:
(J in Crores)
31 March 2020 31 March 2019
(a) Auditor 0.55 0.51

(b) For reimbursement of expenses 0.03 0.03
0.58 0.54
36 Contingent liabilities
1. Claims against the Company not acknowledged as debt:
(a) Demand raised by Excise authorities
The Company had received a show cause notice dated 5 June 2012 from the Directorate General of Central Excise
Intelligence for not paying excise duty on the facility discount paid to Delhi Transport Corporation from December
2008 to August 2010 and raised a demand of H 2.42 crores (previous year H 2.42 crores) which the Company duly
deposited and, however, filed an appeal on 20 August 2013 with the Commissioner of Central Excise. The demand
was confirmed by the Commissioner of Excise in its order dated 30 September 2013 and a penalty of H 2.42 crores
(excluding interest) was imposed on the Company. The Company filed an appeal on 10 January 2014 against the
demand including penalty with Central Excise and Service Tax Appellate Tribunal and the stay has been granted by
the tribunal against the demand. The case has been remanded back to the assessing authority by Central Excise and
Service Tax Appellate Tribunal to submit additional documents along with other evidence.
(b) Demand raised by income-tax authorities
In respect of assessment year 2013-14 and 2014-15, the assessing officer had disallowed additional depreciation
claimed by the Company on addition of assets pertaining to the CNG business. The department has raised a demand
of H2.51 crores and H2.01 crores for the assessment year 2013-14 and 2014-15 respectively including interest. Out of
the said demand, H 4.01 crores has been adjusted against the refund for the assessment year 2014-15 and demand
order for the balance amount of H 0.51 crores has been issued by the Department for assessment year 2013-14.
The Company had filed an appeal with the Commissioner of Income-tax (Appeals) which was ruled in favour of
the revenue. The Company has further challenged the Order of the Commissioner of Income-tax (Appeals) in the
Income-tax Appellate Tribunal. Against the remaining demand of H0.51 crores for the assessment year 2013-14,
Company has deposited H 0.20 crores under protest, while amounts of H 0.23 crores and H 0.08 crores have been
adjusted against the refund of assessment year 2015-16 and assessment year 2011-12 respectively.
In respect of assessment year 2011-12, 2012-13 and 2015-16, the assessing officer had disallowed additional
depreciation claimed by the Company on addition of assets pertaining to the CNG business. The department
has raised a demand of H 8.23 crores, H 10.68 crores and H 1.26 crores (including additional demand of H 0.17
crores raised in current year) for the assessment year 2011-12, 2012-13 and 2015-16 respectively. Out of the said
demand, H1.65 crores and H 2.14 crores has been deposited under protest for the assessment year 2011-12 and
2012-13 respectively and H1.09 crores has been adjusted against the refund of assessment year 2015-16. The
Company had filed appeals with the Commissioner of Income Tax (Appeals) against the decision of the Income-
tax department which was ruled in favour of Company. Subsequently, the Income- tax department has further
filed an appeal against the order of Commissioner of Income-tax (Appeals) in Income-tax Appellate Tribunal. In the
current year, in addition to the additional demand raised for assessment year 2015-16 of H0.17 crores, the Company
has received refund of H1.40 crores, H2.14 crores and H1.09 crores for assessment year 2011-12, 2012-13 and
2015-16 respectively. For assessment year 2011-12, balance amount of H 0.25 crores has been adjusted against the
demand of assessment year 2013-14 (H 0.08 crores) and additional demand for assessment year 2015-16 (H 0.17 crores).
107
36 Contingent liabilities (Contd..)
In respect of assessment year 2016-17, the assessing officer had disallowed additional depreciation claimed by the
Company on addition of assets pertaining to the CNG business. The department has raised a demand of 0.84 crores
for the assessment year 2016-17 including interest. The Company has filed an appeal with Commissioner of Income
Tax (Appeals) against the assessment order passed by income-tax department for AY 2016-17, which was ruled in
favour of Company. The Income- tax department has further filed an appeal against the order of Commissioner of
Income-tax (Appeals) in Income-tax Appellate Tribunal. The Company is of the view that such disallowance is not
tenable and accordingly no provision has been made for the said demand.
In the current year, the assessing officer had disallowed additional depreciation claimed by the Company in respect
of assessment year 2017-18, on addition of assets pertaining to the CNG business. The department has raised a
demand of H 2.48 crores for the assessment year 2017-18 including interest. Company has filed an appeal with
Commissioner of Income Tax (Appeals) against the assessment order passed by income-tax department for AY 2017-
18. The Company is of the view that such disallowance is not tenable and accordingly no provision has been made
for the said demand.
(c) Demand raised by Delhi Development Authority (DDA)
Delhi Development Authority (DDA) has raised a total demand (excluding interest) of H 155.64 crores during 2013-14
on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up
compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the period 1 April 2007
to 31 March 2014. The Company has filed a writ petition on 11 October 2013 before the Hon’ble Delhi High Court
against the demand raised by DDA as the revised license fees has been increased manifold and made applicable
retrospectively from financial year 2007-08. Further, DDA vide communication dated 29 August 2016 has revised the
total demand (excluding interest) to H 330.73 crores for the period upto 31 March 2016. The same was also reported
in the previous year(s) as a contingent liability.
The matter is pending in the Hon’ble High Court of Delhi and the Company, based on the legal opinion taken, is of the
view that such demand is not tenable and accordingly no provision has been made for this aforementioned demand
raised by DDA in the books of accounts.
(d) During the previous year, the Company received a demand amounting to H 0.04 crores from the Commercial Tax
department, Uttar Pradesh which has been deposited by the Company under protest.
(e) Apart from those disclosed above, the Company has certain ongoing litigations involving customers, vendors and
employees. Based on legal advice of in house legal team, the management believes that no material liability will
devolve on the Company in respect of these litigations.
2 Demand raised by Goods and Service tax (GST) authorities
During the current year, the Company has received a demand cum show cause notice from the GST authorities
for an amount of H19.55 crores in respect of financial year 2014-15, 2015-16, 2016-17 and from April 2017 to June
2017 wherein it has been alleged by the aforementioned authorities that the Company has incorrectly availed
cenvat credit on the purchases made by the Company and has not paid service tax on certain other services.
The Company is in process of filing the responses to the demand cum show cause notice and is of the view that such
demand is not tenable. Accordingly, no provision has been made for the demand so raised.
3. There are numerous interpretive issues relating to the Hon’ble Supreme Court (SC) judgment dated 28 February 2019
on provident fund on which the Company is seeking legal advice specially on the retrospective applicability of the same.
However, the Company for the current year is complying with the statutory requirements of the same and does not
108

believes that any material liability would devolve on it.
4. During the previous year, GAIL (India) Limited has raised the following claims against the Company in relation to the
allocation and actual utilisation of domestic gas amounting to :
- H 40.70 crores which in the current year has been revised to H 0.01 crores post reconciliation of the computation
performed by the Company and GAIL (India) Limited; and
- H 35.12 crores and H 5.12 crores which have now been revised in the current year to H 20.28 crores and H 1.37 crores
respectively for the gas supplied by the Company to Adani Gas Limited (AGL) and Haryana City Gas Distribution
Limited (HCGDL). The Company has raised claims of the corresponding amount to AGL and HCGDL respectively.
Both the aforementioned companies are in the process of reconciling the data with GAIL (India) Limited. Further,
based on the agreements entered into by the Company with AGL and HCGDL respectively, and subsequent legal
advice obtained on this matter, the management believes that the Company has the right to recover the said amount
if charged by GAIL (India) Limited, from these companies. Accordingly, the management does not believes that any
material liability would devolve on the Company.
37
Bank guarantees
The Company was in earlier years granted authorization for laying, building, operating and expanding CGD network in
the geographical area of Karnal, Rewari, Meerut (except area already authorised) Shamli, Muzaffarnagar, Kaithal, Ajmer,
Pali, Rajsamand, Kanpur (except area already authorised), Fatehpur and Hamirpur under the Petroleum and Natural Gas
Regulatory Board (Authorizing entities to lay, build, operate or expand city or local Natural Gas Distribution Networks)
Regulation 2008 against which the Company had submitted performance bank guarantees amounting to H 2,446.36
crores (previous year H 2,446.36 crores) to the Petroleum and Natural Gas Regulatory Board to cover the construction
obligation for creation of infrastructure in the first 5 years. Further, during the year, the Company has been granted
authorization for laying, building, operating and expanding City Gas Distribution (CGD) network in the geographical area
of Hapur under the Petroleum and Natural Gas Regulatory Board (Authorizing entities to lay, build, operate or expand
city or local Natural Gas Distribution Networks) Regulation 2008. The Company has further submitted a performance
bank guarantee amounting to H 33 crores to Petroleum and Natural Gas Regulatory Board to cover the construction
obligation for creation of infrastructure in the first 5 years.
(ii) The Company’s commitment towards unexpired bank guarantees other than above mentioned in point (i) is H 334.57
crores (previous year H 375.39 crores) given in the ordinary course of business.
38 The Company has installed various CNG Stations on land leased from various government authorities for periods
ranging from one to five years. However, assets constructed/installed on such land are depreciated generally at the rates
specified in Schedule II to the Companies Act, 2013, as the management does not foresee non-renewal of the above lease
arrangements by the authorities. The net block of such assets amounts to H 274.36 crores (previous year H 278.99 crores).
39 Security deposits from customers of natural gas, refundable on termination/alteration of the gas sales agreements, are
considered as current liabilities as every customer has a right to request for termination of supply and the Company does
not have a contractual right to delay payment for more than 12 months.
40 As per Section 135 of the Companies Act, 2013, a company, meeting the eligibility criteria, needs to spend at least 2%
of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR)
activities. The Company’s CSR programs/projects focuses on sectors and issues as mentioned in Schedule VII read with
Section 135 of Companies Act, 2013. A CSR committee has been formed by the Company as per the Act.
a) Gross amount required to be spent by the Company during the year is H 20.14 crores (previous year H 16.58 crores)
109
b) Amount spent during the year on CSR
(J in Crores)
S.No Particulars In cash Yet to be Total
paid in cash
(i) Construction / acquisition of any asset - - -
(ii) On purposes other than (i) above: 19.88 - 19.88
Empowerment of women and girl child 2.73 - 2.73
Eradication of poverty 1.10 - 1.10
Promotion of healthcare and sanitation 4.68 - 4.68
Promotion of education 8.73 - 8.73
Others 2.64 - 2.64
41 The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act,
2006 (‘MSMED Act’). The disclosures pursuant to the said MSMED Act are as follows:
(J in Crores)
31 March 2020 31 March 2019
(a) The principal amount and the interest due thereon remaining unpaid to any
supplier as at the end of each accounting year
- Principal amount due to any supplier* 285.26 197.27
- Interest due on above - 0.37
(b) The amount of interest paid by the buyer in terms of section 16 of the - -
MSMED Act 2006 along with the amounts of the payment made to the
supplier beyond the appointed day during each accounting year
(c) The amount of interest due and payable for the period of delay in making - -
payment (which have been paid but beyond the appointed day during the
year) but without adding the interest specified under the MSMED Act 2006.
(d) The amount of interest accrued and remaining unpaid at the end of each 0.48 0.48
accounting year
(e) The amount of further interest remaining due and payable even in the - -
succeeding years, until such date when the interest dues as above are
actually paid to the small enterprise for the purpose of disallowance as a
deductible expenditure under section 23 of the MSMED Act 2006
*includes amount of H 244.65 crores (previous year H 156.64 crores) towards creditors for capital goods.
42 Employee benefits:
The following tables summarizes the components of net benefit expense recognized in the statement of profit and loss
and other comprehensive income and the amount recognized in the balance sheet for the respective plans.
(J in Crores)
Particulars Non current Current
31 March 2020 31 March 2019 31 March 2020 31 March 2019
Provision for gratuity (refer note below) 1.63 2.16 0.54 0.31
Provision for leave encashment 21.84 17.39 0.69 0.72
23.47 19.55 1.23 1.03
110

Gratuity (funded)
(J in Crores)
Gratuity benefits
31 March 2020 31 March 2019
Change in present value of the benefit obligations are as follows:
Present value of obligations at the beginning of the year 14.19 10.89
Current service cost 1.69 1.31
Interest cost 1.09 0.81
Remeasurement (gains)/losses: Actuarial losses 2.21 1.44
Benefits paid (0.05) (0.26)
Present value of obligation at the year end 19.13 14.19
Change in plan assets
Fair value of plan asset at the beginning of the year 11.72 8.79
Investment income 1.30 0.80
Employer contribution 4.31 2.49
Mortality charges (0.12) (0.10)
Remeasurement (gains)/losses - Return on plan assets (0.20) -
Fair value of plan asset at the end of the year* 16.96 11.72
*The fund is managed by Life Insurance Corporation of India and category-wise composition of plan assets is not available with the Company.
Net liability recognised in balance sheet

Present value of the benefit obligations at the end of the year 19.13 14.19
Fair value of plan assets 16.96 11.72
Net liability recognised in balance sheet as provisions 2.17 2.47
Non-current portion of net liability 1.63 2.16
Current portion of net liability 0.54 0.31
2.17 2.47
Expenses recognised in the statement of profit and loss:
Past service cost including curtailment gains/losses - -
Interest cost in benefit obligation (net) 0.18 0.12
Total expense recognised in statement of profit and loss 1.87 1.43
Expense recognised in other comprehensive income
Actuarial (gains)/losses arising from:
- changes in demographic assumptions - -
- changes in financial assumptions 2.18 0.29
- experience adjustments 0.03 1.15
Return on plan assets (excluding amounts included in net interest expense) (0.20) -
Total expense recognised in other comprehensive income 2.01 1.44
Actuarial assumptions used
Gratuity benefits
31 March 2020 31 March 2019
Discount rate 6.76% 7.65%
Expected salary escalation rate 6.50% 6.50%
111
42 Employee benefits: (Contd..)
Notes:
1. The discount rate is based upon the market yields available on Government bonds at the accounting date relevant to
currency of benefit payments for a term that matches the liability.
2. The estimates for future salary increase rate takes account of inflation, seniority, promotion, business plan, human
resource policy and other relevant factors on long term basis.
Demographic assumptions used

31 March 2020 31 March 2019
Mortality table IALM(2012-14) IALM(2006-08)
Retirement age 60 years 60 years
Withdrawal rates
Upto 30 years 3 3
From 31 to 44 years 2 2
Above 44 years 1 1
Experience adjustment:
(J in Crores)
Particulars 2020 2019 2018 2017 2016
Present value of defined benefit obligation 19.13 14.19 10.89 8.89 6.19
Experience gain/(loss) on liability (0.03) (1.15) (0.11) (0.12) 0.96
Effect of plan on Company’s future cash flows
(a) Funding arrangements and funding Policy
The Company has purchased an insurance policy to provide payment of gratuity to the employees. Every year, the
insurance company carries out a funding valuation based on the latest employee data provided by the Company. Any
deficit in the assets arising as a result of such valuation is funded by the Company.
(b) Maturity profile of defined benefit obligation
31 March 2020 31 March 2019
(i) Weighted average duration of the defined benefit obligation 18.73 years 18.91 years
31 March 2020 31 March 2019
(ii) Duration of defined benefit obligation
0 to 1 year 0.54 0.31
1 to 2 year 0.54 0.27
2 to 3 year 0.59 0.26
3 to 4 year 0.60 0.57
4 to 5 year 0.78 0.42
5 to 6 year 0.32 0.47
6 year onwards 15.76 11.87
(c) The contribution expected to be made by the Company during the financial year 2020-21 is H 2.04 crores.
112

Sensitivity analysis
The significant actuarial assumptions for the determination of the defined benefit obligation are the discount rate, the
salary growth rate and the average life expectancy. The calculation of the net defined benefit liability is sensitive to these
assumptions. The following table summarises the effects of changes in these actuarial assumptions on the defined
benefit liability:
(J in Crores)
As at 31 March 2020 As at 31 March 2019
Particulars Increase by Decrease by Increase by Decrease by
0.5% 0.5% 0.5% 0.5%
Discount rate
(Decrease)/ increase in the defined (1.27) 1.40 (0.93) 1.02
benefit liability
Salary growth rate
(Decrease)/ increase in the defined 1.40 (1.28) 1.03 (0.95)
benefit liability
The present value of the defined benefit obligation calculated with the same method (project unit credit) as the defined
benefit obligation recognised in the balance sheet. The sensitivity analysis are based on a change in one assumption
while not changing all other assumptions. This analysis may not be representative of the actual change in the defined
benefit obligation as it is unlikely that the change in the assumptions would occur in isolation of one another as some of
the assumptions may be correlated.
Defined contribution plan
The Company makes Provident Fund contributions which are defined contribution plans, for qualifying employees. Under
the scheme, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The
Company recognised H 4.41 crores for provident fund contributions (previous year H 4.23 crores) in the statement of profit
and loss. The contributions payable to these plans by the Company are at rates specified in the rules of the scheme.
43 Information on related party transactions pursuant to Ind AS 24 - Related party Disclosures
List of related parties:
(a) Entities having significant influence over the Company (promoter venturers)
i. GAIL (India) Limited
ii. Bharat Petroleum Corporation Limited
(b) Entities over which the Company exercises significant influence
i. Central UP Gas Limited
ii. Maharashtra Natural Gas Limited
(c) Entities controlled by a major shareholder
i. GAIL Gas Limited (controlled by GAIL (India) Limited)
113
(d) Entities which are joint ventures of GAIL (India) Limited
i. Petronet LNG Limited
ii Green Gas Limited
iii Rajasthan State Gas Limited
(e) Key managerial personnel (KMPs):
i Mr. Gajendra Singh Chairman (with effect from 14 January 2019)
ii Mr. Arun Kumar Singh Chairman (with effect from 1 October 2018 to 13 January 2019)
iii Mr S. Ramesh Chairman (with effect from 1 April 2018 to 23 September 2018)
iv Mr. E.S. Ranganathan Managing Director#
v Mr. Amit Garg Director Commercial (with effect from 25 July 2019)
vi Mr. Rajiv Sikka Director Commercial (with effect from 25 May 2018 to 1 July 2019)
vii Mr. V. Nagarajan Director Commercial (till 24 May 2018)
viii Mr. Rajendra Natekar Pushparaj Non- Executive Director (with effect from 14 January 2019)
ix Mr. S. Bairagi Non-Executive Director (with effect from 6 July 2018 to 13 January 2019)
x Mr Manoj Jain Non-Executive Director (with effect from 1 April 2018 to 5 July 2018)
xi Mr. Rakesh Chawala Chief Financial Officer (with effect from 1 August 2018)*
xii Mr. Rajesh Agrawal Chief Financial Officer (till 31 July 2018)*
xiii Mr. S.K. Jain Company Secretary*
xiv Ms Varsha Joshi Non- Executive Director (upto 22 May 2019)
xv Ms Renu Sharma Non- Executive Director (with effect from 1 December 2019)
xvi Mr. Rajeev Verma Non- Executive Director (with effect from 21 June 2019 till 30 November 2019)
xvii Mr. Akhilesh Kumar Ambasht Non - Executive, Independent Director (with effect from 11 February 2019)
xviii Ms Saroj Bala Non - Executive, Independent Director (with effect from 11 February 2019)
xix Mr. R.S. Sahoo Non - Executive, Independent Director (with effect from 11 February 2019)
xx Mr Raghu Nayar Non-Executive, Independent Director (till 19 March 2019)
xxi Ms Sudha Sharma Non-Executive, Independent Director (till 19 March 2019)
xxii Mr Sadashiv Srinivas Rao Non-Executive, Independent Director (till 15 October 2018)
xxiii Mr Santosh Kumar Bajpai Non-Executive, Independent Director (till 15 October 2018)
xxiv Mr Ranganathan Venkataraman Non-Executive, Independent Director (till 15 October 2018)
xxv Mr. Ramesh Narain Misra Non - Executive, Independent Director (with effect from 11 June 2019)
xxvi Mr. Deepak Mishra Non - Executive, Independent Director (with effect from 13 June 2019)
# Post the year end, with effect from 16 June 2020, Mr. Asit Kumar Jana is the Managing Director of the Company.
* Pursuant only to Section 203 of the Companies Act, 2013
114

Transactions/balances outstanding with related parties in the ordinary course of business:
(J in Crores)
31 March 2020 31 March 2019
GAIL (India) Limited
Transactions during the year:
Purchase of stock-in-trade of natural gas (including VAT) 3,113.84 2,800.96
Transportation charges 44.52 35.67
Refund of excess fixed transmission charges 18.36 -
Sale of natural gas 2.63 3.21
Salaries, allowances and other related payments 1.05 0.99
Road restoration charges 0.07 0.25
Bonus (profit sharing) 0.15 0.15
Advance paid for hooking up charges of shippers facilities 9.43 -
Refund of hooking up charges 8.01 -
Operational charges 0.19 0.16
Sponsorship of events 0.02 -
Net movement in standby letter of credit/ bank guarantee 2.47 (96.43)
Dividend paid 37.80 31.50
Balance outstanding as at the year end:
Trade payables 34.70 123.98
Trade receivables 0.03 0.25
Security deposit paid 0.10 0.10
Bank guarantee/standby letter of credit outstanding (SBLC) at the year end 160.30 157.83
Advance paid for hooking up of shippers facilities 13.56 11.48
Bharat Petroleum Corporation Limited
Sale of CNG (gross) 462.19 432.16
Reimbursement of electricity expenses 16.74 16.00
Facility charges 17.52 17.04
Purchases of stock-in-trade of natural gas 302.77 324.42
Purchases of lubricants 0.60 0.86
Purchase of petrol/diesel (including unutilised) 0.15 0.17
Security deposit refund 0.02 0.01
Earnest money deposit received/(repaid) - (0.04)
Security deposit 0.01 0.01
Bank guarantee outstanding at the year end 29.20 28.80
Other advances - 0.05
115
Transactions/balances outstanding with related parties in the ordinary course of business: (Contd..)
(J in Crores)
31 March 2020 31 March 2019
Central UP Gas Limited
Dividend received - 4.50
Sitting fees received 0.04 0.04
Security deposit given - 0.02
Security deposit refund - 0.02
Maharashtra Natural Gas Limited
Dividend received 13.20 13.20
GAIL Gas Limited
Purchase of stock-in-trade of natural gas 135.56 132.77
Petronet LNG Limited
Net movement in standby letter of credit/ bank guarantee issued/renewed (0.30) 11.58
Trade payable - 9.62
Green Gas Limited
Purchase of stock-in-trade of natural gas - -
Trade payable 0.06 0.06
Rajasthan State Gas Limited
Sale of property, plant and equipment - 0.01
Key managerial personnel:
Mr. E.S. Ranganathan: direct reimbursements# 0.04 0.03
Mr. Rajiv Sikka: direct reimbursements# 0.02 0.05
Mr. Amit Garg: direct reimbursements# 0.06 -
Mr. Rakesh Chawala (managerial remuneration) 0.78 0.41
116

(J in Crores)
31 March 2020 31 March 2019
Mr. S.K. Jain (managerial remuneration) 0.79 0.72
Mr. Akhilesh Kumar Ambasht 0.14 0.02
Ms Saroj Bala 0.12 0.02
Mr. R.S. Sahoo 0.21 0.02
Ms Varsha Joshi 0.01 -
Mr. Rajeev Verma 0.03 -
Ms Renu Sharma 0.03 -
Mr. Ramesh Narain Misra 0.10 -
Mr. Deepak Mishra 0.09 -
Mr. V. Nagarajan: Direct reimbursements# - 0.02
Mr. Rajesh Agrawal (managerial remuneration) - 0.74
Mr Raghu Nayar - 0.14
Ms Sudha Sharma - 0.14
Mr Sadashiv Srinivas Rao - 0.09
Mr Santosh Kumar Bajpai - 0.08
Mr Ranganathan Venkataraman - 0.07
# Direct reimbursements made as per terms of employment/entitlements
44 Income-tax expense
(J in Crores)
31 March 2020 31 March 2019
(a) Income-tax expense
Current tax
Current tax on profits for the year 334.53 370.31
Total current tax expense 334.53 370.31
Deferred tax
(Increase)/ decrease in deferred tax assets (10.30) (4.27)
(Decrease)/ increase in deferred tax liabilities (45.12) 47.30
Total deferred tax expense (55.42) 43.03
Income tax expense reported in the statement of profit or loss 279.11 413.34
Deferred tax related to items recognised in OCI during the year
Net loss/(gain) on remeasurements of defined benefit plans (0.51) (0.50)
Tax expense 278.60 412.84
117
(b) Reconciliation of tax expense and the accounting profit multiplied by India’s tax rate:
(J in Crores)
31 March 2020 31 March 2019
Profit before income-tax expense 1,415.65 1,200.01
Tax at the Indian tax rate of 25.168% (2018-2019 : 34.944%) 356.29 419.33
Tax effect of amounts which are not deductible (taxable) in calculating taxable
income:
Effect of non deductible expenses 5.01 5.41
Effect of disallowances/ (allowances) 0.10 (6.62)
Income exempt from tax (3.32) (6.19)
Others (1.54) 0.91
Change due to adoption of new tax rate (refer note below) (77.94) -
Income-tax expense 278.60 412.84
Note :
The Company has elected to exercise the option permitted under section 115BAA of the Income-tax Act, 1961 as
introduced by the Taxation Laws (Amendment) Ordinance 2019. Accordingly, the Company has recognised provision for
income-tax basis the revised rates resulting in a reduction in current tax expense. The Company has also re-measured
its deferred tax liability on the basis of reduced rate.
45 Financial instruments by category

(J in Crores)
FVTPL Amortised cost FVTPL Amortised cost
Non current financial assets
Loans - 13.38 - 11.47
Other financial assets - 0.10 - 0.34
Current financial assets
Investments - - 1,285.87 -
Trade receivables - 170.39 - 221.48
Cash and cash equivalents - 667.71 - 71.16
Bank balances other than cash and cash - 1,512.23 - 535.93
equivalents
Unbilled revenue - 35.20 - 32.94
Interest accrued on fixed deposits - 26.15 - 11.46
Security deposits with related parties and others - 1.99 - 3.78
Total financial assets - 2,427.15 1,285.87 888.56
Non current financial liabilities
Security deposits - 1.97 - 0.41
Lease liabilities - 76.18 - -
Current financial liabilities
Trade payables - 224.96 - 326.06
Security deposits from customers - 771.58 - 649.27
Unclaimed dividends - 0.99 - 0.86
Employee benefits payable - 32.99 - 28.29
118

45 Financial instruments by category (Contd..)
(J in Crores)
Creditors towards capital goods - 412.30 - 295.80
Security deposits from vendors - 3.87 - 3.54
Total financial liabilities - 1,544.85 - 1,304.23
Note :
Investments in associates as at the close of the year ended 31 March 2020 and 31 March 2019 are carried at cost, per the
exemption availed by the Company. Hence, the same has not been considered in the above table.
46 Financial instruments measured at fair value
The following tables present financial assets and liabilities measured at fair value in the statement of financial position in
accordance with the fair value hierarchy. This hierarchy groups financial assets and liabilities into three levels based on
the significance of inputs used in measuring the fair value of the financial assets and liabilities. The fair value hierarchy
has the following levels:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
(i.e. as prices) or indirectly (i.e. derived from prices); and
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The level within which the financial asset or liability is classified is determined based on the lowest level of significant
input to the fair value measurement.
There are no financial liabilities measured at fair value as at 31 March 2020 and 31 March 2019.
The financial assets measured at fair value in the statement of financial position are grouped into the fair value hierarchy
as on 31 March 2019 and 31 March 2020 as follows:
(J in Crores)
Level 1 Level 2 Level 3 Total
As at 31 March 2019
Investment in mutual funds 1,285.87 - - 1,285.87
Total 1,285.87 - - 1,285.87
As at 31 March 2020
Investment in mutual funds - - - -
Total - - - -
During the previous year, the investment in mutual funds have been fair valued per net assets value [NAV] as at reporting date.
The carrying amounts of trade receivables, trade payables, capital creditors and cash and cash equivalents are considered
to be the same as their fair values, due to their short-term nature.
Security deposits received have not been fair valued as the same are repayable on demand, so there is no fixed term
available for the purpose of discounting. Further, security deposits given have not been fair valued as the impact of the
fair valuation is not material.
119
47
Financial risk management
This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the impact
of the same in the financial statements.
(i)
Foreign currency risk
The Company is exposed to foreign exchange risk mainly through its purchases of capital items from overseas suppliers
in various foreign currencies. The Company evaluates exchange rate exposure arising from foreign currency (‘FC’)
transactions and follows established risk management policies to manage its risks.
The Company’s foreign currency exposure on accounts payable that have not been hedged by a derivative instrument or
otherwise are given below:
Currency Year ended 31 March 2020 Year ended 31 March 2019

FC (H in crores) FC (H in crores)
USD 7,69,094 5.80 3,24,230 2.24
EURO 1,04,514 0.87 1,26,771 0.99
6.67 3.23
Foreign currency sensitivity
There shall be no material impact on profit before tax due to 1% increase/decrease in foreign exchange rates.
(ii)
Credit risk
Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to
the Company causing financial loss. It arises from cash and cash equivalents, derivative financial instruments, deposits from
financial institutions and principally from credit exposures to customers relating to outstanding receivables. The Company’s
maximum exposure to credit risk is limited to the carrying amount of financial assets recognized at reporting date :
Financial assets for which loss allowance is measured using 12 months Expected Credit Losses
(J in Crores)
Exposure to credit risk As at As at
31 March 2020 31 March 2019
Security deposits (non-current) 13.38 11.47
Balance with banks in fixed deposits 0.06 0.30
Cash and cash equivalents (except cash on hand) 666.63 59.27
Other bank balances 1,512.23 535.93
Security deposits with related parties and others 1.99 3.78
2,255.64 655.15
Financial assets for which loss allowance is measured using Lifetime Expected Credit Losses
120

(ii) Credit risk (Contd..)
An analysis of age of trade receivables at each statement of financial position date is summarized as follows:
(J in Crores)
31 March 2020 31 March 2019
upto 1 year 170.37 217.88
upto 2 years 2.95 3.29
More than 5 years 1.50 0.38
178.59 226.46
Expected credit loss
31 March 2020 31 March 2019
upto 1 year 0% 0%
upto 2 years 84% 34%
More than 5 years 100% 100%
Balances with banks is subject to low credit risks due to good credit ratings assigned to these banks. Further, security
deposits paid includes payment made to government agencies which are considered low credit risk
(iii)
Liquidity risk
Liquidity risk is the risk that suitable sources of funding for the Company’s business activities may not be available.
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability
of funding through an adequate amount of committed credit facilities to meet obligations when due and to close
out market positions. Management monitors rolling forecasts of the Company’s liquidity position and cash and cash
equivalents on the basis of expected cash flows. Short term liquidity requirements comprises mainly of trade payables
and employee dues arising during normal course of business as on each statement of financial position date. Long term
liquidity requirement is assessed by the management on periodical basis and is managed through internal accruals. As
at each statement of financial position date, the Company’s liabilities having contractual maturities (including interest
payments where applicable) are summarized as follows:
121
(iii) Liquidity risk (Contd..)
The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting
date based on contractual undiscounted payments:
As at 31 March 2020
(J in Crores)
Particulars Less than 1 More than 1 Total
year year
Trade payables 224.96 - 224.96
Security deposits from customers 771.58 - 771.58
Unclaimed dividends 0.99 - 0.99
Security deposits from vendors 3.87 - 3.87
Employee payable 32.99 - 32.99
Creditor for capital goods 412.30 - 412.30
Security deposits - 1.97 1.97
Lease liabilities 20.01 76.18 96.19
1,466.70 78.15 1,544.85
As at 31 March 2019
(J in Crores)
year year
1,303.82 0.41 1,304.23
(iv)
Price risk
The Company is not exposed to sensitivity to price risk in regards to its financial assets and liabilities.
(v)
Interest risk
The Company’s policy is to minimise interest rate cash flow risk exposures. The Company is exposed to the interest rate
risk on fixed deposit and on the investment done by the Company in mutual funds. The exposure to the interest rate for
the Company’s mutual fund and fixed deposit is considered immaterial.
The following table illustrates the sensitivity of profit and equity to a reasonably possible change in interest rates of +/-
0.50% (2018-19: +/-0.50%). These changes are considered to be reasonably possible based on observation of current market
conditions. The calculations are based on a change in the average market interest rate for each period, and the financial
instruments held at each reporting date that are sensitive to changes in interest rates. All other variables are held constant.
(J in Crores)
Particulars Profit for the year Equity
0.50% 0.50% 0.50% 0.50%
31 March 2020 10.19 (10.19) 7.63 (7.63)
31 March 2019 9.24 (9.24) 6.01 (6.01)
122

48 Capital management
The Company’s capital management objectives are:
a) to ensure the Company’s ability to continue as a going concern; and
b) to provide an adequate return to stakeholders
For the purpose of Company’s capital management, capital includes issued equity capital. The Company manages its
capital structure and makes adjustments in light of changes in economic condition and the requirements of the financial
covenants, if any. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net
debt. The Company includes within net debt, interest bearing borrowings, less cash and cash equivalents.
(J in Crores)
31 March 2020 31 March 2019
Borrowings - -
Less: Cash and cash equivalents (667.71) (71.16)
Borrowings (net of cash and cash equivalents) - -
Capital employed 5,062.36 4,129.85
Total capital employed 5,062.36 4,129.85
Gearing ratio 0% 0%
49
Capital and other commitments
(a) Capital commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for is as under:
(J in Crores)
31 March 2020 31 March 2019
Property, plant and equipment 2,013.94 1,469.80
2,013.94 1,469.80
(b) Other commitments
The Company has entered into long-term agreements for purchase of natural gas upto maximum quantity of 0.58 million
standard cubic meters (SCM)/ day (H 1.96 crores per day based on average rates prevailing on March 2020) till 2028 with different
suppliers. These agreements have ‘take or pay’ clause which shall be applicable in case gas off take is less than the contractual
quantity as defined in the agreement and the same can be adjusted against make up quantity to be taken in the subsequent
years. As at the balance sheet date, the management does not foresee any liability on account of the said obligation.
50 Earnings per equity share
Particulars Units Year ended Year ended

31 March 2020 31 March 2019
Net profit attributable to shareholders H crores 1,136.54 786.67
Weighted average number of equity shares No. in crores 70.00 70.00
Nominal value per share H 2.00 2.00
Basic earning per share of H 2 each H 16.24 11.24
The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earnings per
share of the Company remain the same.
123
51 Leases
a) The Company has adopted Ind AS 116 ‘Leases’ from 1 April 2019, which resulted in changes in accounting policies in the
standalone financial statements.
b)
Transition
Effective 1 April 2019, the Company adopted Ind AS 116 ‘Leases’ and applied the standard to all lease contracts existing
on 1 April 2019 using the modified retrospective method and recognised at the date of initial application:
a) Lease liability at the present value of the remaining lease payments, discounted using the lessee’s incremental
borrowing rate for leases as on 31 March 2019; and
b) Right-of-use asset at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease
payments relating to that lease recognised in the balance sheet immediately before the date of initial application.
c) Practical expedients applied
In applying Ind AS 116 for the first time, the Company has used the practical expedients permitted by the standard:
• applying a single discount rate to a portfolio of leases with reasonably similar characteristics
• accounting for operating leases with a remaining lease term of less than 12 months as at 1 April 2019 as short-term
leases
d) The weighted average lessee’s incremental borrowing rate applied to the lease liabilities on 1 April 2019 was 9% p.a. with
maturity between 2020 - 2042.
e) Each lease generally imposes a restriction that, unless there is a contractual right for the Company to sublet the asset to
another party, the right-of-use asset can only be used by the Company. Leases are either non-cancellable or may only be
cancelled by incurring a substantive termination fee. The Company is prohibited from selling or pledging the underlying
leased assets as security. For leases over office buildings and factory premises the Company must keep those properties
in a good state of repair and return the properties in their original condition at the end of the lease.
f) The table below describes the nature of the Company’s leasing activities by type of right-of-use asset recognised on
balance sheet:
(J in Crores)
Right-of-use assets No of right- Range of Average
of-use assets remaining term remaining lease
leased (years) term(years)
Land 21 2- 90 46.62
Building 35 1- 22 2.27
Data processing equipments 1 1- 1 1.00
Vehicles 19 4- 5 4.56
There are no leases entered by the Company which have any extension, termination or purchase options and the
payment of lease rentals is not based on variable payments which are linked to an index.
124

g) (i) Amounts recognised in balance sheet and statement of profit and loss :
The balance sheet shows the following amounts relating to leases:

(J in Crores)
Particulars Category of right-of-use assets
Land Buildings Data processing Vehicles Total
equipement
Balance as at 1 April 2019 (on account 31.11 14.33 0.18 28.21 73.83
of initial application of Ind AS 116)
Add: Additions 30.99 19.19 - 17.73 67.91
Less: Depreciation charged on the right- 6.66 6.12 0.09 6.87 19.74
of-use assets
Balance as at 31 March 2020 55.44 27.40 0.09 39.07 122.00
h) Lease payments not recognised as lease liabilities:

(J in Crores)
31 March 2020
Expenses relating to short term leases (included in other expenses) 132.39
Expenses relating to variable lease payments not included in lease payments 20.66
Total 153.05
i) The total cash outflow for leases for the year ended 31 March 2020 was H 40.93 crores.
j) Future minimum lease payments as on 31 March 2020 are as follows:
Minimum lease payments due As at 31 March 2020

Lease payments Finance Net present
charges values
Within 1 year 27.33 (7.32) 20.01
1 - 2 years 25.24 (5.55) 19.69
2 - 3 years 21.63 (4.01) 17.62
3 - 4 years 19.95 (2.48) 17.47
4 - 5 years 13.33 (1.08) 12.25
After 5 years 15.82 (6.67) 9.15
Total 123.30 (27.11) 96.19
k) Reconciliation of total lease commitments as on 31 March 2019 to the lease liabilities recognised
at 1 April 2019:
Particulars Amount in J
Total operating lease commitments as on 31 March 2019 83.58
Discounted using incremental borrowing rate (20.89)
Operating lease liabilities 62.69
Reasonably certain extension options -
Finance lease obligations -
Total lease liabilities recognised live under Ind AS 116 at 1 April 2019 62.69
125
52 The Company is primarily engaged in the business of providing natural gas. Hence, as per the chief operating decision
maker the sale of natural gas has been considered as a single operating segment per Ind AS 108 ‘Operating Segment’ and
accordingly disclosures have been limited to single operating segment.
In the current year, revenue from one external customer amounting to H 795.15 crores individually accounted for more
than ten percent of the revenue. In the previous year, none of the customer individually accounted for more than ten
percent of the revenue.
53 Disclosures pursuant to Ind AS 115, Revenue from Contracts with customers, are as follows :
a)
Contract balances
The following table provides information about receivables, contract assets and contract liabilities from contract with
customers:
(J in Crores)
31 March 2020 31 March 2019
Contract assets
Total contract assets 35.20 32.94
Contract liabilities
Total contract liabilities 36.48 30.03
Receivables
Net receivables 170.39 221.48
Contract asset is the right to consideration in exchange for goods or services transferred to the customer. Contract liability
is the entity’s obligation to transfer goods or services to a customer for which the entity has received consideration from
the customer in advance. Contract assets (unbilled receivables) are transferred to receivables when the rights become
unconditional and contract liabilities are recognised as and when the performance obligation is satisfied.
b) Significant changes in contract assets and liabilities
There has been no significant changes in contract assets during the year
(J in Crores)
Contract liabilities Contract liabilities
Excess payments Advance Excess payments Advance from
received from from received from customers
customers customers customers
Opening balance 23.72 6.31 16.57 3.79
Add: Addition during the year 14.22 10.39 16.11 6.31
Less: Revenue recognised during the 11.85 6.31 8.96 3.79
year from opening liability
Closing balance 26.09 10.39 23.72 6.31
126

54 During the year ended 31 March 2020, the Company has reclassified / regrouped the outstanding liability pertaining
to lease rentals amounting to H 162.42 crores as at 31 March 2019 from Current financial liabilities- Trade payables to
Current- provisions.
55 The agreements with the Oil Marketing Companies (OMCs) for the Delhi region and Uttar Pradesh region expired on
31 March 2018 and 31 March 2019 respectively. The Company is in active negotiations with them to renew the commercial
terms of the contracts. However, for the Delhi region, an incremental amount of H 10.83 crores pertaining to the current
year (previous year H 4.90 crores) and for the Uttar Pradesh region an incremental amount of H 0.88 crores has been
provided for towards the estimated increase in the amount of trade margin and facility charges payable to the OMCs.
56
Post reporting date events
No adjusting or significant non-adjusting events have occurred between 31 March 2020 and the date of authorisation of
the Company’s standalone financial statements. However, the Board of Directors have recommended a final dividend of
140% i.e. H 2.80 (previous year H 2.40) on equity shares of H 2 (previous year H 2) each for the year ended 31 March 2020,
subject to approval of shareholders at the ensuing annual general meeting.
57 The standalone financial statements for the year ended 31 March 2020 were approved by the Board of Directors on
17 June 2020.
For Walker Chandiok & Co LLP For and on behalf of board of directors
Sd/- Sd/- Sd/-

Sd/- Sd/-
127
128
Consolidated
Financial
Statements
129
To
the Members of
Report on the Audit of the Consolidated Financial Basis for Opinion

Statements
3. We conducted our audit in accordance with the
Opinion Standards on Auditing specified under section 143(10) of
the Act. Our responsibilities under those standards are
1. We have audited the accompanying consolidated further described in the Auditor’s Responsibilities for the
financial statements of Indraprastha Gas Limited (the Audit of the Consolidated Financial Statements section
‘Company’) and its associates, as listed in Annexure of our report. We are independent of the Company in
1, which comprise the Consolidated Balance Sheet accordance with the Code of Ethics issued by the Institute
as at 31 March 2020, the Consolidated Statement of Chartered Accountants of India (‘ICAI’) together with
of Profit and Loss (including Other Comprehensive the ethical requirements that are relevant to our audit
Income), the Consolidated Cash Flow Statement and of the financial statements under the provisions of the
the Consolidated Statement of Changes in Equity for Act and the rules thereunder, and we have fulfilled our
the year then ended, and a summary of the significant other ethical responsibilities in accordance with these
accounting policies and other explanatory information. requirements and the Code of Ethics. We believe that
the audit evidence we have obtained and the audit
2. In our opinion and to the best of our information and
evidence obtained by the other auditors in terms of their
according to the explanations given to us and based on
reports referred to in paragraph 15 of the Other Matter
the consideration of the reports of the other auditors
section below, is sufficient and appropriate to provide a
on separate financial statements of the associates,
basis for our opinion.
the aforesaid consolidated financial statements give
the information required by the Companies Act, 2013 Key Audit Matter
(‘Act’) in the manner so required and give a true and
fair view in conformity with the accounting principles 4. Key audit matters are those matters that, in our
generally accepted in India including Indian Accounting professional judgment and based on the consideration
Standards (‘Ind AS’) specified under section 133 of the of the reports of the other auditors on separate financial
Act, of the consolidated state of affairs of the Company statements of the associates, were of most significance
and its associates, as at 31 March 2020, and their in our audit of the financial statements of the current
consolidated profit (including other comprehensive period. These matters were addressed in the context of
income), consolidated cash flows and the consolidated our audit of the consolidated financial statements as a
changes in equity for the year ended on that date. whole, and in forming our opinion thereon, and we do
not provide a separate opinion on these matters.
5. We have determined the matter described below to be

the key audit matters to be communicated in our report.
Demand raised by Delhi Development Authority (‘DDA’)
Refer note 3.21 for the accounting policy and note 36(1)(c) Our audit procedures in relation to the aforesaid matter
for the related disclosure. included, but were not limited to the following:
As explained in the note 36(1)(c) to the accompanying • Evaluated the design of, and tested key internal
consolidated financial statements; the Company had controls in respect of identification, recognition and
received a demand (excluding interest) from DDA measurement of provisions for dispute, litigations, and
amounting to H 155.64 crores during financial year 2013-14 contingent liabilities;
130
pertaining to the period 1 April 2007 to 31 March 2014 on • Obtained the Company’s evaluation of the said matter
account of increase in license fees in respect of sites taken on supported by the external legal opinion obtained by the
lease by the Company from DDA for setting up Compressed management in the financial year ended 31 March 2020;
Natural Gas (CNG) stations in Delhi. The Company had filed
• Discussed the said matter with the in-house legal
a writ petition on 11 October 2013 before the Hon’ble High
general counsel of the Company;
Court of Delhi against the aforesaid demand (excluding
interest) raised by DDA which is currently pending. • Conducted in-depth inquiries with the management of
Further, DDA vide communication dated 29 August 2016 the Company and robust discussions with the Board, to
had revised the total demand (excluding interest) to obtain their view on the status of the aforesaid matter;
H 330.73 crores for the period upto 31 March 2016.
• Circulated and obtained confirmation from the legal
The management of the Company, based on legal opinion counsel representing the Company as at year end; and
obtained by them, have assessed the same as contingent
• Assessed the appropriateness and adequacy of the
and accordingly not provided for the demand raised by
related disclosures in the consolidated financial
DDA in the consolidated financial statements.
statements in accordance with the applicable accounting
We have identified this as a key audit matter for current standards.
year audit owing to the materiality of the amounts involved
in this matter and inherent subjectivity and uncertainty
involved in determination of the amount, if any, to be
provided as liability in accordance with the applicable
accounting standards.
Information other than the Consolidated Responsibilities of Management and Those

Financial Statements and Auditor’s Report Charged with Governance for the Consolidated
thereon Financial Statements
6. The Company’s Board of Directors are responsible for 7. The accompanying consolidated financial statements
the other information. The other information comprises have been approved by the Company’s Board of
the information included in the Annual Report, but Directors. The Company’s Board of Directors is
does not include the consolidated financial statements responsible for the matters stated in section 134(5)
and our auditor’s report thereon. The Annual Report is of the Act with respect to the preparation of these
expected to be made available to us after the date of consolidated financial statements that give a true
this auditor’s report. and fair view of the consolidated financial position,
consolidated financial performance including other
Our opinion on the consolidated financial statements comprehensive income, consolidated changes in
does not cover the other information and we do not equity and consolidated cash flows of the Company
express any form of assurance conclusion thereon. including its associates in accordance with the
accounting principles generally accepted in India,
In connection with our audit of the consolidated
including the Ind AS specified under section 133 of the
financial statements, our responsibility is to read the
Act. The respective Board of Directors of the Company
other information identified above when it becomes
and its associates are responsible for maintenance of
available and, in doing so, consider whether the
adequate accounting records in accordance with the
other information is materially inconsistent with the
provisions of the Act for safeguarding of the assets of
consolidated financial statements or our knowledge
the Company and for preventing and detecting frauds
obtained in the audit or otherwise appears to be
and other irregularities; selection and application of
materially misstated.
appropriate accounting policies; making judgments and
When we read the Annual Report, if we conclude estimates that are reasonable and prudent; and design,
that there is a material misstatement therein, we are implementation and maintenance of adequate internal
required to communicate the matter to those charged financial controls, that were operating effectively
with governance. for ensuring the accuracy and completeness of the
131
accounting records, relevant to the preparation and • Obtain an understanding of internal control relevant
presentation of the consolidated financial statements to the audit in order to design audit procedures that
that give a true and fair view and are free from material are appropriate in the circumstances. Under section
misstatement, whether due to fraud or error, which 143(3)(i) of the Act, we are also responsible for
have been used for the purpose of preparation of the expressing our opinion on whether the Company has
consolidated financial statements by the Directors of adequate internal financial controls with reference
the Company, as aforesaid. to financial statements in place and the operating
effectiveness of such controls;
8. In preparing the consolidated financial statements, the
respective Board of Directors of the Company and of • Evaluate the appropriateness of accounting
its associates are responsible for assessing the ability policies used and the reasonableness of
of the Company and of its associates to continue as a accounting estimates and related disclosures
going concern, disclosing, as applicable, matters related made by management;
to going concern and using the going concern basis of
accounting unless the Board of Directors either intend • Conclude on the appropriateness of management’s
to liquidate the Company or to cease operations, or has use of the going concern basis of accounting and,
no realistic alternative but to do so. based on the audit evidence obtained, whether
a material uncertainty exists related to events
9. Those Board of Directors are also responsible for or conditions that may cast significant doubt on
overseeing the financial reporting process of the the ability of the Company and its associates to
Company and of its associates. continue as a going concern. If we conclude that
a material uncertainty exists, we are required
Auditor’s Responsibilities for the Audit of the to draw attention in our auditor’s report to the
Financial Statements related disclosures in the financial statements or,
if such disclosures are inadequate, to modify our
10. Our objectives are to obtain reasonable assurance
opinion. Our conclusions are based on the audit
about whether the financial statements as a whole
evidence obtained up to the date of our auditor’s
are free from material misstatement, whether due
report. However, future events or conditions may
to fraud or error, and to issue an auditor’s report
cause the Company and its associates to cease to
that includes our opinion. Reasonable assurance is
continue as a going concern;
a high level of assurance but is not a guarantee that
an audit conducted in accordance with Standards on • Evaluate the overall presentation, structure and
Auditing will always detect a material misstatement content of the financial statements, including the
when it exists. Misstatements can arise from fraud or disclosures, and whether the financial statements
error and are considered material if, individually or in represent the underlying transactions and events
the aggregate, they could reasonably be expected to in a manner that achieves fair presentation; and
influence the economic decisions of users taken on the
basis of these financial statements. • Obtain sufficient appropriate audit evidence
regarding the financial information of the Company
11. As part of an audit in accordance with Standards on and its associates, to express an opinion on the
Auditing, we exercise professional judgment and financial statements. We are responsible for the
maintain professional skepticism throughout the audit. direction, supervision and performance of the
We also: audit of financial statements of such entities
included in the financial statements, of which we
• Identify and assess the risks of material
are the independent auditors. For the other entities
misstatement of the financial statements, whether
included in the financial statements, which have
due to fraud or error, design and perform audit
been audited by the other auditors, such other
procedures responsive to those risks, and obtain
auditors remain responsible for the direction,
audit evidence that is sufficient and appropriate
supervision and performance of the audits carried
to provide a basis for our opinion. The risk of not
out by them. We remain solely responsible for our
detecting a material misstatement resulting from
audit opinion.
fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional 12. We communicate with those charged with governance
omissions, misrepresentations, or the override of regarding, among other matters, the planned scope
internal control; and timing of the audit and significant audit findings,
including any significant deficiencies in internal control
132
that we identify during our audit. laid down under section 197 read with Schedule V to
the Act.
13. We also provide those charged with governance with
a statement that we have complied with relevant 17. As required by Section 143 (3) of the Act, based on
ethical requirements regarding independence, and to our audit and on the consideration of the reports of
communicate with them all relationships and other the other auditors on separate financial statements
matters that may reasonably be thought to bear on and other financial information of the associates, we
our independence, and where applicable, related report, to the extent applicable, that:
safeguards.
a) we have sought and obtained all the information
14. From the matters communicated with those charged and explanations which to the best of our
with governance, we determine those matters that knowledge and belief were necessary for the
were of most significance in the audit of the financial purpose of our audit of the aforesaid consolidated
statements of the current period and are therefore financial statements;
the key audit matters. We describe these matters
in our auditor’s report unless law or regulation b) in our opinion, proper books of account as required
precludes public disclosure about the matter or when, by law relating to preparation of the aforesaid
in extremely rare circumstances, we determine that consolidated financial statements have been kept
a matter should not be communicated in our report so far as it appears from our examination of those
because the adverse consequences of doing so would books and the reports of the other auditors;
reasonably be expected to outweigh the public interest
c) the consolidated financial statements dealt with
benefits of such communication.
by this report are in agreement with the relevant
Other Matter books of account maintained for the purpose
of preparation of the consolidated financial
15. The consolidated financial statements include the statements;
Company’s share of net profit (including other
comprehensive income) of Rs. 154.06 crores for d) in our opinion, the aforesaid consolidated financial
the year ended 31 March 2020, as considered in the statements comply with Ind AS specified under
consolidated financial statements, in respect of two section 133 of the Act;
associates, whose financial statements have not been
e) Ms. Renu Sharma, one of the directors of the
audited by us. These financial statements have been
Company as on 31 March 2020, has not provided
audited by other auditors whose reports have been
a written representation as to whether she
furnished to us by the management and our opinion
has incurred any disqualification in terms of
on the consolidated financial statements, in so far as
sub-section (2) of the section 164 of the Act
it relates to the amounts and disclosures included in
with respect to any company in which she is
respect of these associates, and our report in terms of
disqualified as on 31 March 2020 In the absence
sub-section (3) of Section 143 of the Act, in so far as it
of this representation, we are unable to comment
relates to the aforesaid associates, are based solely on
whether she is disqualified from being appointed
the reports of the other auditors.
as a director under sub-section (2) of section 164 of
Our opinion above on the consolidated financial the Act. As far as other directors are concerned, on
statements, and our report on other legal and regulatory the basis of the written representations received
requirements below, are not modified in respect of the from the directors of the Company and taken on
above matter with respect to our reliance on the work record by the Board of Directors of the Company
done by and the reports of the other auditors. and the reports of the statutory auditors of its
associate companies, we report that none of the
Report on Other Legal and Regulatory other directors of the Company and its associate
Requirements companies, are disqualified as on 31 March 2020
from being appointed as a director in terms of
16. As required by section 197(16) of the Act, based on Section 164(2) of the Act;
our audit and on the consideration of the reports of
the other auditors, referred to in paragraph 15, on f) with respect to the adequacy of the internal financial
separate financial statements of the associates, we controls with reference to financial statements of
report that the Company and its associate companies the Company and its associate companies, and the
paid remuneration to their respective directors during operating effectiveness of such controls, refer to
the year in accordance with the provisions of and limits our separate report in ‘Annexure 2’; and
133
g) with respect to the other matters to be included Investor Education and Protection Fund by
in the Auditor’s Report in accordance with rule 11 the Company and its associate companies
of the Companies (Audit and Auditors) Rules, 2014 during the year ended 31 March 2020; and
(as amended), in our opinion and to the best of
our information and according to the explanations iv. the disclosure requirements relating to
given to us and based on the consideration of the holdings as well as dealings in specified bank
report of the other auditors on separate financial notes were applicable for the period from
statements of the associates: 8 November 2016 to 30 December 2016,
which are not relevant to these consolidated
i. the consolidated financial statements disclose financial statements. Hence, reporting under
the impact of pending litigations on the this clause is not applicable.
consolidated financial position of the Company
and its associates as detailed in Note 36(1) to
the consolidated financial statements; For Walker Chandiok & Co LLP
ii. the Company and its associates did not have Firm’s Registration No.: 001076N/N500013
any long-term contracts including derivative
contracts for which there were any material Sd/-
foreseeable losses as at 31 March 2020; Rajni Mundra
Partner
iii. there has been no delay in transferring Place: New Delhi Membership No.: 058644
amounts, required to be transferred, to the Date: 17 June 2020 UDIN: 20058644AAAAAW1642
134
Annexure 1 to the Independent Auditor’s Report

Limited on the consolidated financial statements
for the year ended 31 March 2020
Annexure 1
List of associates included in the consolidated financial statements
1. Central U.P. Gas Limited; and
2. Maharashtra Natural Gas Limited
135
Annexure 2 to the Independent Auditor’s Report
Limited on the consolidated financial statements
for the year ended 31 March 2020
Annexure 2 on Auditing issued by the ICAI prescribed under Section
143(10) of the Act, to the extent applicable to an audit
Independent Auditor’s Report on the internal of internal financial controls with reference to financial
financial controls with reference to financial statements, and the Guidance Note issued by the ICAI.
statements under Clause (i) of Sub-section 3 of Those Standards and the Guidance Note require that
Section 143 of the Companies Act, 2013 (the ‘Act’) we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance
1. In conjunction with our audit of the consolidated
about whether adequate internal financial controls with
financial statements of Indraprastha Gas Limited (‘the
reference to financial statements were established and
Company’) and its associates as at and for the year
maintained and if such controls operated effectively in
ended 31 March 2020, we have audited the internal
all material respects.
financial controls with reference to financial statements
of the Company and its associate companies, as at that 4. Our audit involves performing procedures to obtain
date. audit evidence about the adequacy of the internal
Responsibilities of Management and Those
and their operating effectiveness. Our audit of internal
Charged with Governance for Internal Financial
Controls
includes obtaining an understanding of such internal
2. The respective Board of Directors of the Company financial controls, assessing the risk that a material
and its associate companies, are responsible for weakness exists, and testing and evaluating the design
establishing and maintaining internal financial controls and operating effectiveness of internal control based
based on the internal control over financial reporting on the assessed risk. The procedures selected depend
criteria established by the Company and its associate on the auditor’s judgement, including the assessment
companies considering the essential components of of the risks of material misstatement of the financial
internal control stated in the Guidance note on Audit statements, whether due to fraud or error.
of Internal Financial Controls over Financial Reporting
5. We believe that the audit evidence we have obtained
(‘Guidance Note’) issued by the Institute of Chartered
and the audit evidence obtained by the other auditors
Accountants of India (‘ICAI’). These responsibilities
in terms of their reports referred to in the Other Matter
include the design, implementation and maintenance of
paragraph below, is sufficient and appropriate to provide
adequate internal financial controls that were operating
a basis for our audit opinion on the internal financial
effectively for ensuring the orderly and efficient conduct
controls with reference to financial statements of the
of the Company’s business, including adherence to
Company and its associate companies as aforesaid.
the Company’s policies, the safeguarding of its assets,
the prevention and detection of frauds and errors, Meaning of Internal Financial Controls with
the accuracy and completeness of the accounting Reference to Financial Statements
records, and the timely preparation of reliable financial
information, as required under the Act. 6. A company’s internal financial controls with reference
to financial statements is a process designed to
Auditor’s Responsibility for the Audit of the provide reasonable assurance regarding the reliability
Internal Financial Controls with Reference to of financial reporting and the preparation of financial
Financial Statements statements for external purposes in accordance with
generally accepted accounting principles. A company’s
3. Our responsibility is to express an opinion on the
internal financial controls with reference to financial
internal financial controls with reference to financial
statements include those policies and procedures
statements of the Company and its associate
that (1) pertain to the maintenance of records that,
companies, as aforesaid, based on our audit. We
in reasonable detail, accurately and fairly reflect the
conducted our audit in accordance with the Standards
transactions and dispositions of the assets of the
136
company; (2) provide reasonable assurance that control over financial reporting criteria established by
transactions are recorded as necessary to permit the Company and its associate companies considering
preparation of financial statements in accordance the essential components of internal control stated in
with generally accepted accounting principles, and the Guidance Note issued by the ICAI.
that receipts and expenditures of the company are
being made only in accordance with authorisations of Other Matter
management and directors of the company; and (3)
9. The consolidated financial statements include the
provide reasonable assurance regarding prevention
Company’s share of net profit (including other
or timely detection of unauthorised acquisition, use, or
comprehensive income) of Rs.154.06 crores for the
disposition of the company’s assets that could have a
year ended 31 March 2020, in respect of two associate
material effect on the financial statements.
companies, whose internal financial controls with
Inherent Limitations of Internal Financial reference to financial statements have not been audited
Controls with Reference to Financial Statements by us. The internal financial controls with reference
to financial statements in so far as it relates to such
7. Because of the inherent limitations of internal financial associate companies have been audited by other
controls with reference to financial statements, auditors whose reports have been furnished to us by
including the possibility of collusion or improper the management and our report on the adequacy and
management override of controls, material operating effectiveness of the internal financial controls
misstatements due to error or fraud may occur and not with reference to financial statements for the Company
be detected. Also, projections of any evaluation of the and its associate companies, as aforesaid, under Section
internal financial controls with reference to financial 143(3)(i) of the Act in so far as it relates to such associate
statements to future periods are subject to the risk that companies is based solely on the reports of the auditors
the internal financial controls with reference to financial of such companies. Our opinion is not modified in
statements may become inadequate because of respect of this matter with respect to our reliance on the
changes in conditions, or that the degree of compliance work done by and on the reports of the other auditors.
with the policies or procedures may deteriorate.
Opinion
8. In our opinion and based on the consideration of the Chartered Accountants
reports of the other auditors on internal financial Firm’s Registration No.: 001076N/N500013
controls with reference to financial statements of the
associate companies, the Company and its associate Sd/-
companies, have in all material respects, adequate Rajni Mundra
internal financial controls with reference to financial Partner
statements and such controls were operating Place: New Delhi Membership No.: 058644
effectively as at 31 March 2020, based on the internal Date: 17 June 2020 UDIN: 20058644AAAAAW1642
137
Consolidated
Balance Sheet As at 31 March 2020
(J in Crores)
Particulars Note As at As at
31 March 2020 31 March 2019
A Assets
1 Non-current assets
a) Property, plant and equipment 4 3,416.73 2,855.30
b) Capital work-in-progress 4 776.69 478.08
c) Right-of-use assets 122.00 -
d) Other intangible assets 4 18.17 21.55
e) Investments accounted for using the equity method 5 630.22 492.07
f) Financial assets
(i) Loans 6 13.38 11.47
(ii) Other financial assets 7 0.10 0.34
g) Income-tax assets (net) 8 22.90 15.03
h) Other non-current assets 9 46.52 67.08
Total non-current assets 5,046.71 3,940.92
2 Current assets
a) Inventories 10 51.11 50.94
b) Financial assets
(i) Investments 11 - 1,285.87
(ii) Trade receivables 12 170.39 221.48
(iii) Cash and cash equivalents 13 667.71 71.16
(iv) Bank balances other than (iii) above 14 1,512.23 535.93
(v) Loans 15 1.99 3.78
(vi) Other financial assets 16 61.35 44.40
c) Other current assets 17 32.86 28.81
Total current assets 2,497.64 2,242.37
Total assets 7,544.35 6,183.29
B Equity and liabilities
1 Equity
a) Equity share capital 18 140.00 140.00
b) Other equity 19 5,217.97 4,175.71
Total equity 5,357.97 4,315.71
2 Liabilities
Non-current liabilities
(i) Lease liabilities 76.18 -
(ii) Other financial liabilities (other than those specified in item (b)) 20 1.97 0.41
b) Provisions 21 23.47 19.55
c) Deferred tax liabilities (net) 22 288.40 315.93
d) Other non-current liabilities 23 0.87 0.97
Total non-current liabilities 390.89 336.86
Current liabilities
(i) Trade payables 24
(A) total outstanding dues of micro enterprises and small enterprises; and 41.09 41.11
(B) total outstanding dues of creditors other than micro enterprises and 183.87 284.95
small enterprises
(ii) Other financial liabilities [other than those specified in item (c)] 25 1,221.73 977.76
(iii) Lease liabilities 20.01 -
b) Other current liabilities 26 71.50 61.66
c) Provisions 27 257.29 163.45
d) Current tax liabilities (net) 28 - 1.79
Total current liabilities 1,795.49 1,530.72
Total liabilities 2,186.38 1,867.58
Total equity and liabilities 7,544.35 6,183.29
Significant accounting policies and other explanatory information forming part of the consolidated financial statements (1-57)
For Walker Chandiok & Co LLP For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-

Sd/- Sd/-
138
Consolidated Statement of
Profit and Loss for the year ended 31 March 2020
(H in Crores)
Particulars Note Year ended Year ended
31 March 2020 31 March 2019
1 Revenue from operations 29 7,165.49 6,361.87
2 Other income 30 143.18 128.45
3 Total income (1 + 2) 7,308.67 6,490.32
4 Expenses:
(a) Purchases of stock-in-trade of natural gas 31 3,678.77 3,397.89
(b) Changes in inventories of stock-in-trade of natural gas 32 0.59 (0.57)
(c) Excise duty 680.22 597.03
(d) Employee benefits expense 33 151.70 142.55
(e) Finance costs 34 8.12 2.05
(f) Depreciation and amortisation expenses 4 and 51 252.25 201.07
(g) Other expenses 35 1,134.57 967.99
Total expenses (4) 5,906.22 5,308.01
5 Profit before tax and share of profit of associates (3 - 4) 1,402.45 1,182.31
6 Share of profit of associates 154.05 86.96
7 Profit before tax (5+6) 1,556.50 1,269.27
8 Tax expense: 44
(a) Current tax 334.53 370.31
(b) Deferred tax (27.02) 56.86
Total tax expenses 307.51 427.17
9 Profit for the year (7-8) 1,248.99 842.10
10 Other comprehensive income
(a) Items that will not be reclassified to profit or loss
(i) Re-measurement of post employment benefit obligations (2.01) (1.44)
(ii) Share of other comprehensive income of associates 0.01 0.01
(iii) Income-tax relating to re-measurement of post employment 0.51 0.50
benefit obligations
(iv) Income-tax relating to share of other comprehensive income of - -
associates
Other comprehensive income for the year, net of tax (1.49) (0.93)
11 Total comprehensive income for the year (9+10) (comprising 1,247.50 841.17
profit and other comprehensive income for the year)
12 Earnings per equity share: (face value of H 2 per share) 50
Basic and diluted (in H) 17.84 12.03
Sd/- Sd/- Sd/-

Sd/- Sd/-
139
Consolidated Statement of
Changes in Equity for the year ended 31 March 2020
A) Equity share capital
Particulars Note Number in J in crores

crores
Balance as at 1 April 2018 18 70.00 140.00
B) Other equity
(J in Crores)
Reserves and surplus
Particulars Note General Retained Total
reserve earnings
Balance as at 1 April 2018 19 303.50 3,203.45 3,506.95
Profit for the year - 842.10 842.10
Corporate dividend tax of associates (3.63) (3.63)
Profit for the year - 1,248.99 1,248.99
Corporate dividend tax of associates - (2.71) (2.71)
Significant accounting policies and other explanatory information forming part of the consolidated financial
statements (1-57)
Sd/- Sd/- Sd/-

Sd/- Sd/-
140
Consolidated
(J in Crores)
31 March 2020 31 March 2019
A. Cash flow from operating activities:
Profit before tax 1,556.50 1,269.27
Adjustments for:
- Depreciation and amortisation expense 252.25 201.07
- Unrealised foreign exchange (gain) - (0.10)
- Loss on property, plant and equipment sold or discarded 4.49 2.04
- Allowances for expected credit losses 4.24 2.59
- Provision for obsolete and slow moving capital work-in-progress 0.46 (0.33)
- Provision for obsolete and slow moving stores and spares, written back (0.27) (0.02)
- Allowances for expected credit loss no longer required, written back - (1.50)
- Liabilities/provisions no longer required, written back (3.21) (0.10)
- Finance costs 6.54 0.98
- Interest income on deposits with banks (46.68) (36.39)
- Income from investment in mutual funds (87.38) (88.79)
- Share of profit of associates (154.05) (86.96)
Operating profit before working capital changes 1,532.89 1,261.76
Changes in working capital:
Adjustments for (increase)/decrease
- Financial assets (3.16) 1.06
- Other current assets (9.27) (26.80)
- Inventories 0.10 1.45
- Trade receivables 47.87 2.07
Adjustments for increase/ (decrease)
- Other liabilities 9.74 22.70
- Other financial liabilities 128.90 108.56
- Trade payables (97.89) 94.78
- Provisions 95.75 60.35
Cash flow generated from operating activities (gross) 1,704.93 1,525.93
Less: income-tax paid (net) (344.18) (368.78)
Net cash flow generated from operating activities (A) 1,360.75 1,157.15
B. Cash flow from investing activities:
- Payment for purchase of property, plant and equipment (including other (963.22) (680.72)
intangible assets and capital work-in-progress including capital advances
and creditors for capital goods)
- (Investment) in bank deposits with maturity more than three months (1,700.71) (2,183.64)
- Maturity of bank deposits with maturity more than three months 728.36 2,005.28
- Movement in restricted bank balance (3.59) (3.22)
- (Investment) in mutual funds (9,486.39) (9,626.86)
- Proceeds from sale of mutual funds 10,859.64 9,319.35
- Interest received on term deposits with banks 31.99 31.27
- Dividend received from associates 13.20 17.70
Net cash flow (used in) investing activities (B) (520.72) (1,120.84)
141
Consolidated
(J in Crores)
31 March 2020 31 March 2019
C. Cash flow from financing activities:
- Payment of lease liabilities (40.93) -
- Dividend and dividend distribution tax paid (202.53) (168.48)
- Interest paid (0.02) (0.35)
Net cash flow (used in) financing activities (C) (243.48) (168.83)
D. Net increase/ (decrease) in cash and cash equivalents (A+B+C) 596.55 (132.52)
E. Cash and cash equivalents as at the beginning of the year 71.16 203.68
F. Cash and cash equivalents as at the end of the year 667.71 71.16
G. Cash and cash equivalents at the end of the year (refer note 13)
i. Balances with banks in current accounts 129.68 25.88
ii. Cash on hand 1.08 11.89
iii. Balances with banks in fixed deposits with original maturity of less than 536.95 33.39
three months
667.71 71.16
Note 1: The above consolidated cash flow statement has been prepared under the ‘Indirect method’ as set out in Ind AS 7,
‘Statement of cash flows’.
Note 2: Disclosure requirements as required as per Ind AS 7 ‘Statement of cash flows’ related to the change in financial
liabilities arising from financing activity is as below :
(J in Crores)
31 March 2020
Lease liability
Balance as on 1 April 2019 62.69
Cash flows
Less: payment of lease liabilities (40.93)
Non cash changes
Add: Interest on lease liability 6.52
Add: New leases 67.91
Balance as on 31 March 2020 96.19
There are no disclosures relating to changes in liabilities arising from financing activities [applicable on the Company] pertaining
to the previous year ended 31 March 2019.
Sd/- Sd/- Sd/-

Sd/- Sd/-
142
Consolidated summary of significant accounting policies

1 Corporate information (Indian Accounting Standards) Amendment Rules, 2016,
read with Section 133 of the Companies Act, 2013 (the
Indraprastha Gas Limited (the ‘Company’) or ‘IGL’ is ‘Act’) and other provisions of the Act.
a company limited by shares domiciled in India and
was incorporated on 23 December 1998 under the The consolidated financial statements of the Company
erstwhile Companies Act, 1956. The Company is listed and its associates for the year ended 31 March 2020
on the Bombay Stock Exchange (BSE) and National were approved and authorised for issue by the Board
Stock Exchange (NSE). The registered office is located of Directors on 17 June 2020 (refer note 57).
at IGL Bhawan, Plot No.4, Community Centre, Sector 9,
R.K. Puram, New Delhi -110022.
3.2 Overall considerations
These consolidated financial statements have been

IGL is in the business of city gas distribution presently
prepared on going concern basis using the significant
operating in the National Capital Territory of Delhi
accounting policies and measurement bases
including adjoining areas of Noida, Greater Noida,
summarised below.
Ghaziabad, Hapur, Gurugram, Meerut (except area
already authorised), Shamli, Muzaffarnagar, Karnal and These accounting policies have been used throughout
Rewari. all periods presented in the consolidated financial
statements.
The Company has two associates namely, Central U.P.
Gas Limited and Maharashtra Natural Gas Limited 3.3 Basis of consolidation
which are engaged in the business similar to that of the
Company. The Company consolidates the standalone financial
statements of the Company with its associates as
mentioned below:
2 Application of new and revised Indian
Accounting Standards (Ind AS) a) Central U.P. Gas Limited
All the Ind AS issued and notified by the Ministry b) Maharashtra Natural Gas Limited
of Corporate Affairs under the Companies (Indian
Accounting Standards) Rules, 2015 (as amended) till 3.4 Investment in associates
the consolidated financial statements are authorized
have been considered in preparing these consolidated Associates are all entities over which the Company has
financial statements. significant influence but not control or joint control.
This is generally the case where the Company holds
2.1 Standards issued but not yet effective between 20% and 50% of the voting rights. Investments
in associates are accounted for using the equity method
Ministry of Corporate Affairs (‘MCA’) notifies new of accounting, after initially being recognised at cost.
standards or amendments to the existing standards.
However, there are no such notifications which have Under the equity method of accounting, the investments
been issued but are not yet effective or applicable from are initially recognised at cost and adjusted thereafter
1 April 2020. to recognise the Company’s share of the post-
acquisition profits or losses of the investee in profit and
loss, and the Company’s share of other comprehensive
3 Significant accounting policies and other
income of the investee in other comprehensive income.
explanatory information
Dividends received or receivable from associates are
3.1 General information and statement recognised as a reduction in the carrying amount of the
of compliance with Indian Accounting investment.
Standards (Ind AS)
When the Company’s share of losses in an equity
These consolidated financial statements of the Company accounted investment equals or exceeds its interest
and its associates have been prepared in accordance in the entity, including any other unsecured long-term
with Ind AS notified by the Companies (Indian receivables, the Company does not recognise further
Accounting Standards) Rules, 2015 and Companies losses, unless it has incurred obligations or made
payments on behalf of the other entity.
143
Unrealised gains on transactions between the Company The transaction price is allocated by the Company
and its associates are eliminated to the extent of the to each performance obligation (or distinct good or
Company’s interest in these entities. Unrealised losses service) in an amount that depicts the amount of
are also eliminated unless the transaction provides consideration to which it expects to be entitled in
evidence of an impairment of the asset transferred. exchange for transferring the promised goods or
Accounting policies of equity accounted investees have services to the customer.
been changed where necessary to ensure consistency
with the policies adopted by the Company. For each performance obligation identified,
the Company determines at contract inception
The carrying amount of equity accounted investments whether it satisfies the performance obligation
are tested for impairment in accordance with the policy over time or satisfies the performance obligation
described in note 3.20 below. at a point in time. If an entity does not satisfy
a performance obligation over time, the
3.5 Historical cost convention performance obligation is satisfied at a point
in time. A receivable is recognized where the
These consolidated financial statements have been
Company’s right to consideration is unconditional
prepared on a historical cost convention except
(i.e. only the passage of time is required before
where certain financial assets and liabilities have been
payment of the consideration is due). When either
measured at fair value.
party to a contract has performed, an entity shall
3.6 Revenue recognition present the contract in the balance sheet as a
contract asset or a contract liability, depending on
(i) Sale of natural gas the relationship between the entity’s performance
and the customer’s payment.
Revenue from the contracts with customers is
recognized when control of the goods or services (ii) Interest and dividend income
are transferred to the customer at an amount that
reflects the consideration to which the Company Interest income is reported on an accrual basis
expects to be entitled in exchange for those goods using the effective interest method. Dividends are
or services. Sales, as disclosed, are inclusive of recognised at the time the right to receive payment
excise but are net of trade allowances, rebates, VAT is established.
and amounts collected on behalf of third parties.
3.7 Inventories
The Company earns revenues primarily from
(i) Inventory of stock-in-trade of natural gas
sale of natural gas. Revenue is recognized on
supply of gas to customers by metered/assessed Inventory of stock-in-trade of natural gas in
measurements. The Company has concluded that pipelines and cascades is valued at the lower of
it is the principal in all its revenue arrangements cost computed on First in First out (FIFO) basis
since it is primary obligor in all the revenue and net realisable value. The cost of inventories
arrangements as it has pricing latitude and is also comprises of all costs of purchase and other costs
exposed to credit risk. incurred in bringing the inventory to its present
location and condition.
The Company considers the terms of the contract
and its customary business practices to determine (ii) Inventory of stores and spares
the transaction price. The transaction price is the
amount of consideration to which the Company Stores and spares are valued at lower of cost
expects to be entitled in exchange for transferring computed on weighted average basis and net
promised goods or services to a customer, realisable value.
excluding amounts collected on behalf of third
parties (for example, indirect taxes). No element of Net realisable value is the estimated selling price in
financing is deemed present as the credit term is the ordinary course of business less any applicable
not more than one year. selling expenses.
144

3.8
Foreign currency transactions and and a reduction in the lease liability so as to achieve a
translations constant rate of interest on the remaining balance of
the liability. Finance charges are recognised in finance
i. Initial recognition costs in the statement of profit and loss.
The Company’s consolidated financial statements Company as a lessee

are presented in Indian Rupee (‘INR’), which
is also the Company’s functional currency. A leased asset is depreciated over the useful life of the
Transactions in foreign currencies are recorded asset. However, if there is no reasonable certainty that
on initial recognition in the functional currency at the Company will obtain ownership by the end of the
the exchange rates prevailing on the date of the lease term, the asset is depreciated over the shorter of
transaction. the estimated useful life of the asset and the lease term.
ii. Measurement at the balance sheet date Lease arrangements where the risks and rewards
incidental to ownership of an asset substantially vest
Foreign currency monetary items of the Company, with the lessor are recognised as operating leases.
outstanding at the balance sheet date are restated Lease rentals under operating leases are recognised in
at the year-end rates. Non-monetary items which the statement of profit and loss on straight line basis
are carried at historical cost denominated in a unless the payments are structured to increase in line
foreign currency are reported using the exchange with expected general inflation to compensate for
rate at the date of the transaction. Non-monetary lessor’s expected inflationary cost increases.
items measured at fair value in a foreign currency
are translated using the exchange rates at the date Change in accounting policy
when the fair value is determined.
A contract is, or contains, a lease if the contract conveys
iii. Treatment of exchange difference the right to control the use of an identified asset for a
period of time in exchange for consideration.
Exchange differences that arise on settlement of
monetary items or on reporting at each balance The Company as a lessee
sheet date of the Company’s monetary items at the
From 1 April 2019, leases are recognised as a right-
closing rate are recognised as income or expenses
of-use asset and a corresponding liability at the date
in the period in which they arise.
at which the leased asset is available for use by the
3.9 Leases Company. Contracts may contain both lease and
non-lease components. The Company allocates the
Accounting policy till 31 March 2019 consideration in the contract to the lease and non-
lease components based on their relative stand-alone
The determination of whether an arrangement is,
prices.
or contains, a lease is based on the substance of the
arrangement at the inception date, whether fulfillment Assets and liabilities arising from a lease are initially
of the arrangement is dependent on the use of a measured on a present value basis. Lease liabilities
specific asset or assets or the arrangement conveys a include the net present value of the following lease
right to use the asset, even if that right is not explicitly payments:
specified in an arrangement.
• fixed payments (including in -substance fixed
Company as the lessor payments), less any lease incentives receivable
Finance leases that transfer substantially all of the risks • variable lease payment that are based on an index
and benefits incidental to ownership of the leased item, or a rate, initially measured using the index or rate
are capitalised at the commencement of the lease at as at the commencement date
the fair value of the leased property or, if lower, at the
present value of the minimum lease payments. Lease • amounts expected to be payable under residual
payments are apportioned between finance charges value guarantees, if any
145
• the exercise price of a purchase option if any, if statement of profit and loss. Short term leases are the
the Company is reasonably certain to exercise that leases with a lease term of 12 months or less. Further,
option rental payments for the land where lease period is
considered to be indefinite or indeterminable, these
• payment for penalties for terminating the lease, are charged off to the statement of profit and loss.
if the lease term reflects the Company exercising
that option 3.10 Employee benefits
The lease payments are discounted using the interest Employee benefits include provident fund, pension
rate implicit in the lease. If the rate cannot be readily fund, gratuity and compensated absences.
determined, which is generally the case for leases in
the Company, the lessee’s incremental borrowing rate Defined contribution plans
is used, being the rate that the individual lessee would
The Company’s contribution to provident fund and
have to pay to borrow the funds necessary to obtain
pension fund is considered as defined contribution plan
an asset of similar value to the right-of-use asset in
and is charged as an expense as they fall due based on
a similar economic environment with similar terms,
the amount of contribution required to be made and
security and conditions.
when services are rendered by the employees. The
Lease payments are allocated between principal Company has no legal or constructive obligation to pay
and finance cost. The finance cost is charged to the contribution in addition to its fixed contribution.
statement of profit and loss over the lease period so
Defined benefit plans
as to produce a constant periodic rate of interest on
the remaining balance of the liability for each period. The liability or asset recognised in the balance sheet in
Variable lease payments that depends on sales are respect of gratuity is the present value of the defined
recognised in the statement of profit and loss in the benefit obligation at the end of the reporting period
period in which the condition that triggers those less the fair value of plan assets. The defined benefit
payments occurs. obligation is calculated annually by actuaries using the
projected unit credit method. The present value of the
Right-of-use assets are measured at cost comprising
defined benefit obligation is determined by discounting
the following:
the estimated future cash outflows by reference to
• the amount of the initial measurement of lease market yields at the end of the reporting period on
liability government bonds that have terms approximating to
the terms of the related obligation. The net interest
• any lease payments made at or before the cost is calculated by applying the discount rate to
commencement date less any lease incentives the net balance of the defined benefit obligation and
received the fair value of plan assets. This cost is included in
employee benefit expense in the statement of profit
• any initial direct costs; and and loss. Remeasurement gains and losses arising
from experience adjustments and changes in actuarial
• an estimate of costs to be incurred by the lessee in
assumptions are recognised in the period in which they
dismantling and removing the underlying asset or
occur, directly in other comprehensive income. They
restoring the underlying asset or site on which it is
are included in retained earnings in the statement of
located
changes in equity and in the balance sheet. Changes
Right-of-use assets are generally depreciated over the in the present value of the defined benefit obligation
shorter of the asset’s useful life and the lease term on a resulting from plan amendments or curtailments are
straight-line basis. If the Company is reasonably certain recognized immediately in the statement of profit and
to exercise a purchase option, the right-of-use asset is loss as past service cost.
depreciated over the underlying assets useful life.
Short-term employee benefits
Payments associated with short-term leases are
The undiscounted amount of short-term employee
recognised on a straight-line basis as an expense in the
benefits expected to be paid in exchange for the services
146

rendered by employees are recognised during the year that have been enacted or substantively enacted at the
when the employees render the service. These benefits reporting date. Deferred tax assets are recognised to
include performance incentive and compensated the extent that it has become probable that future
absences which are expected to occur within twelve taxable profits will allow the deferred tax asset to be
months after the end of the period in which the recovered. Such assets are reviewed at each balance
employee renders the related service. The cost of such sheet date to reassess realisation. Deferred tax relating
compensated absences is accounted as under: to items recognised outside the statement of profit and
loss is recognised outside the statement of profit and
(a) in case of accumulated compensated absences, when loss, in correlation to the underlying transaction either
employees render the services that increase their in other comprehensive income or directly in equity.
entitlement of future compensated absences; and
Deferred tax assets and deferred tax liabilities are
(b) in case of non-accumulating compensated
offset if a legally enforceable right exists to set off
absences, when the absences occur.
current tax assets against current income-tax liabilities
Long-term employee benefits and the deferred taxes relate to the same taxable entity
and the same taxation authority.
Compensated absences which are allowed to be carried
forward over a period in excess of 12 months after the 3.12 Operating cycle
end of the period in which the employee renders the
Based on the nature of products/activities of the
related service are recognised as a liability at the present
Company and the normal time between purchase
value of the defined benefit obligation as at the Balance
of natural gas and their realisation in cash or cash
Sheet date out of which the obligations are expected
equivalents, the Company has determined its operation
to be settled with actuarial valuations being carried
cycle as 12 months for the purpose of classification of
out at each Balance Sheet date. Remeasurements,
its assets and liabilities as current and non-current.
comprising of actuarial gains and losses are recognised
immediately in the balance sheet with a corresponding 3.13 Operating expenses
debit or credit to statement of profit and loss in the
period in which they occur. The obligation is measured Operating expenses are recognised in statement
on the basis of independent actuarial valuation using of profit or loss upon utilisation of the service or as
the projected unit credit method. incurred.
3.11 Taxes on income 3.14 (a) Property, plant and equipment
Tax expense comprises current tax and deferred tax. i. Freehold land is carried at historical cost. All
Current tax is the amount of the tax for the period other items of property, plant and equipment are
determined in accordance with the Income-tax Act, stated at cost less accumulated depreciation and
1961. Current tax is provided at amounts expected to impairment losses, if any.
be paid using the tax rates and laws that have been
enacted or substantively enacted at the end of the ii. Property, plant and equipment are stated at their
reporting period. Current income-tax relating to items original cost including freight, duties, taxes and
recognised outside the statement of profit and loss is other incidental expenses relating to acquisition
recognised outside the statement of profit and loss and installation.
(either in Other comprehensive income or in equity).
iii. Gas distribution systems are commissioned when
Deferred tax is provided using the balance sheet
ready for commencement of supply of gas to
approach on temporary differences at the reporting
consumers. In the case of commissioned assets
date between the tax bases of assets and liabilities
where final payment to the contractors is pending,
and their carrying amounts for financial reporting
capitalisation is made on an estimated basis
purposes at the reporting date. Deferred tax assets
pending receipt of final bills from the contractors
and liabilities are measured at the tax rates that are
and subject to adjustment in cost and depreciation
expected to apply in the year when the asset is realised
in the year of final settlement.
or the liability is settled, based on tax rates and tax laws
147
iv. The carrying amount of assets, including those 3.15 Depreciation and amortisation
assets that are not yet available for use, are
reviewed at each balance sheet date to determine Depreciation is charged on a pro-rata basis on the
whether there is any indication of impairment. If straight line method (‘SLM’) at rates prescribed in
any such indication exists, recoverable amount Schedule II to the Companies Act, 2013 which are in line
of asset is determined. An impairment loss is with their estimated useful life , except for the following
recognised in the statement of profit and loss assets where depreciation is charged on pro-rata basis
whenever the carrying amount of an asset exceeds over the estimated useful life of the assets based on
its recoverable amount. An impairment loss is technical advice taking into account the nature of the
reversed only to the extent that the carrying asset, the estimated usage of the asset, the operating
amount of asset does not exceed the net book conditions of the asset, past history of replacement,
value that would have been determined if no anticipated technological changes, manufacturers
impairment loss had been recognised. warranties and maintenance support etc.:
v. Stores and spares which meet the definition A Asset class Depreciation
of property, plant and equipment (whether Property, plant and equipment
as component or otherwise) and satisfy the - Mother compressors, online 10 years
recognition criteria, are capitalised as property, compressors and Booster
plant and equipment. When significant parts of compressors
property, plant and equipment are required to (forming part of plant and
be replaced at intervals, the Company recognised equipment)
the new part with its own estimated useful life - Pipeline (forming part of plant 25 years
and it is depreciated accordingly. Likewise, when and equipment)
a major overhauling/ repair is performed, its cost - Signages (forming part of 10 years
is recognised in the carrying amount of respective buildings)
assets if the recognition criteria are satisfied and - Machinery spares 5 years
depreciated over remaining useful life of asset or Overhauling cost is depreciated over the remaining
over the period of next overhauling due, whichever life of the respective asset or over the period till
is earlier. All other repair and maintenance costs the next overhauling date, whichever is earlier.
are recognised in the statement of profit and loss
as and when incurred. The residual values, useful lives and methods of
depreciation of property, plant and equipment are
(b) Other intangible assets reviewed at each financial year end and adjusted
prospectively, if appropriate.
Other intangible assets comprise of computer software/
licenses. Such assets acquired by the Company are B. Other intangible assets
initially measured at cost. After initial recognition, an
intangible asset is carried at cost less any accumulated Intangible assets comprising software and licenses
amortisation and accumulated impairment loss. are amortised on straight line method (SLM) over
Subsequent expenditure is capitalised only if it is the useful life of five years, which represents the
probable that the future economic benefits will flow to management’s assessment of economic useful life
the Company. of the other intangible assets.
(c) Capital work-in-progress Amortisation method, useful lives and residual

values of other intangible assets are reviewed at
Expenditure incurred during the period of construction, each financial year - end and adjusted, if appropriate.
including all direct and indirect expenses, incidental
and related to construction, is carried forward and on 3.16 Cash and cash equivalents
completion, the costs are allocated to the respective
Cash comprises cash on hand and demand deposits
property, plant and equipment. Capital work-in-
with banks. Cash equivalents also include short-term
progress also includes assets pending installation and
(with original maturity of three months or less from
not available for intended use.
148

the date of acquisition), highly liquid investments that less costs of disposal and value in use. For the purpose
are readily convertible into known amounts of cash of assessing impairment, assets are grouped at the
and which are subject to an insignificant risk of change lowest levels for which there are separately identifiable
in value. cash inflows which are largely independent of the cash
inflows from other assets or Company of assets (cash
3.17 Cash flow statement generating units). If at the balance sheet date, there is an
indication that a previously assessed impairment loss
Cash flows are reported using the indirect method,
no longer exists, the recoverable amount is reassessed
whereby profit before tax is adjusted for the effects of
and the asset is reflected at the recoverable amount
transactions of non-cash nature and any deferrals or
subject to a maximum of depreciated historical cost
accruals of past or future cash receipts or payments.
and the same is accordingly reversed in the statement
The cash flows from operating, investing and financing
of profit and loss.
activities of the Company are segregated based on the
available information. 3.21
Provisions, contingent liabilities and
contingent assets
3.18 Earnings per share
Provisions are recognised only when there is a present
Basic earnings per share are calculated by dividing
obligation, as a result of past events, and when a reliable
the net profit or loss for the year attributable to
estimate of the amount of obligation can be made at the
equity shareholders by the weighted average number
reporting date. These estimates are reviewed at each
of equity shares outstanding during the year. The
reporting date and adjusted to reflect the current best
weighted average number of equity shares outstanding
estimates. Provisions are discounted to their present
during the year is adjusted for events such as bonus
values, where the time value of money is material.
issue, bonus element in a rights issue, share split, and
Contingent liability is disclosed for:
reverse share split (consolidation of shares) that have
changed the number of equity shares outstanding, • Possible obligations which will be confirmed only
without a corresponding change in resources. by future events not wholly within the control of
the Company or
For the purpose of calculating diluted earnings per
share, the net profit or loss for the year attributable to • Present obligations arising from past events where
equity shareholders and the weighted average number it is not probable that an outflow of resources will
of shares outstanding during the year are adjusted for be required to settle the obligation or a reliable
the effects of all dilutive potential equity shares. estimate of the amount of the obligation cannot
be made.
3.19 Equity, reserves and dividend payment
Contingent assets are not recognised. However, when
Equity shares are classified as equity. Incremental
inflow of economic benefit is probable, related asset
costs directly attributable to the issue of new shares
is disclosed.
are shown in equity as a deduction, net of tax, from the
proceeds. Retained earnings include current and prior 3.22 Segment reporting
period retained profits. All transactions with owners of
the Company are recorded separately within equity. Operating segments are reported in a manner consistent
with the internal reporting provided to the chief operating
3.20
Impairment of property, plant and decision maker. The Company operates in a single
equipment, other intangible assets and segment of natural gas business and relevant disclosure
investments in associates requirements as per Ind AS 108 “Operating Segments”
have been disclosed by the Company under note no 52.
Assets are tested for impairment whenever events or
changes in circumstances indicate that the carrying 3.23 Fair value measurement
amount may not be recoverable and impairment loss
is recognised for the amount by which the asset’s The Company measures financial instruments such
carrying amount exceeds its recoverable amount. The as investments in mutual funds, at fair value at each
recoverable amount is higher of an asset’s fair value balance sheet date.
149
Fair value is the price that would be received to sell an asset (ii) Financial assets at fair value through other
or paid to transfer a liability at the measurement date. comprehensive income (FVTOCI)
All assets and liabilities for which fair value is measured A financial asset is subsequently measured
or disclosed in the consolidated financial statements are at fair value through other comprehensive
categorised within the fair value hierarchy, described as income if it is held within a business model
follows, based on the lowest level input that is significant whose objective is achieved by both collecting
to the fair value measurement as a whole: contractual cash flows and selling financial
assets and the contractual terms of the
• Level 1 — Quoted (unadjusted) market prices in financial asset give rise on specified dates
active markets for identical assets or liabilities to cash flows that are solely payments of
principal and interest on the principal amount
• Level 2 — Valuation techniques for which the
outstanding.
lowest level input that is significant to the fair value
measurement is directly or indirectly observable (iii) Financial assets at fair value through
profit or loss (FVTPL)
• Level 3 — Valuation techniques for which
the lowest level input that is significant to A financial asset which is not classified in any
the fair value measurement is unobservable. of the above categories are subsequently fair
For the purpose of fair value disclosures, the valued through the statement of profit and
Company has determined classes of assets and loss.
liabilities on the basis of the nature, characteristics
and risks of the asset or liability and the level of the c. Impairment of financial assets
fair value hierarchy as explained above.
The Company assesses on a forward
3.24 Financial instruments looking basis the expected credit losses
(ECL) associated with its assets measured
I. Financial assets at amortised cost and assets measured at
fair value through other comprehensive
a. Initial recognition and measurement
income. The impairment methodology
All financial assets are recognised initially at applied depends on whether there has been
fair value plus, in case of financial assets not a significant increase in credit risk. Note
recorded at fair value through profit or loss, 47 details how the Company determines
transaction costs that are attributable to the whether there has been a significant increase
acquisition of the financial asset, which are in credit risk.
not at fair value through profit and loss, are
d. Derecognition of financial assets
added to fair value on initial recognition.
Transaction costs of financial assets carried at A financial asset is derecognised when:
fair value through profit or loss are expensed
in statement of profit and loss. - The Company has transferred the right
to receive cash flows from the financial
b. Subsequent measurement assets or
(i) Financial assets carried at amortised cost - Retains the contractual rights to receive
the cash flows of the financial assets, but
A financial asset is subsequently measured at
assumes a contractual obligation to pay
amortised cost if it is held within a business
the cash flows to one or more recipients.
model whose objective is to hold the asset
Where the entity transfers the financial
in order to collect contractual cash flows and
asset, it evaluates the extent to which
the contractual terms of the financial asset
it retains the risk and rewards of the
give rise on specified dates to cash flows that
ownership of the financial assets. If the
are solely payments of principal and interest
entity transfers substantially all the risks
on the principal amount outstanding.
150

and rewards of ownership of the financial IV. Offsetting of financial instruments
asset, the entity shall derecognise the
financial asset and recognise separately Financial assets and financial liabilities are offset
as assets or liabilities any rights and and the net amount is reported in the balance
obligations created or retained in the sheet if there is a currently enforceable legal right
transfer. If the entity retains substantially to offset the recognised amounts and there is an
all the risks and rewards of ownership intention to settle on a net basis, to realise the
of the financial asset, the entity shall assets and settle the liabilities simultaneously.
continue to recognise the financial asset.
3.25 Significant accounting judgements,
Where the entity has neither transferred estimates and assumptions
a financial asset nor retains substantially
The preparation of the Company’s financial statements
all risks and rewards of the ownership
requires management to make judgments, estimates
of the financial asset, the financial asset
and assumptions that affect the reported amounts
is derecognised if the Company has
of revenues, expenses, assets and liabilities and the
not retained control of the financial
related disclosures and the disclosure of contingent
asset. Where the Company retains
liabilities. Uncertainty about these assumptions and
control of the financial assets, the asset
estimates could result in outcomes that require a
is continued to be recognised to the
material adjustment to the carrying amount of assets
extent of continuing involvement in the
or liabilities affected in future periods.
financial asset.
Estimates and assumptions
II. Financial liabilities
The key assumptions concerning the future and other
Initial recognition and subsequent
key sources of estimation uncertainty at the reporting
measurement
date, that have a significant risk of causing a material
All financial liabilities are recognized initially adjustment to the carrying amounts of assets and
at fair value and in case of borrowings and liabilities within the next financial year, are described
payables, net of directly attributable cost. below. The Company based its assumptions and
Financial liabilities are subsequently carried at estimates on parameters available when these financial
amortized cost using the effective interest method. statements were prepared. Existing circumstances and
For trade and other payables maturing within one year assumptions about future developments, however,
from the balance sheet date, the carrying amounts may change due to market changes or circumstances
approximate fair value due to the short maturity of arising that are beyond the control of the Company.
these instruments. Changes in the amortised value of Such changes are reflected in the assumptions as and
liability are recorded as finance cost. when they occur.
III. Fair value of financial instruments (i) Estimation of defined benefit obligation
In determining the fair value of its financial The cost of the defined benefit plan and other
instruments, the Company uses a variety of post-employment benefits and the present value
methods and assumptions that are based on of such obligation are determined using actuarial
market conditions and risks existing at each valuations. An actuarial valuation involves making
reporting date. The methods used to determine various assumptions that may differ from actual
fair value include discounted cash flow analysis, developments in the future. These include the
available quoted market prices. All methods of determination of the discount rate, future salary
assessing fair value result in general approximation increases, mortality rates and attrition rate. Due
of value, and such value may vary from actual to the complexities involved in the valuation and
realization on future date. its long-term nature, a defined benefit obligation is
highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting date.
151
(ii) Estimation of current tax and deferred tax and non-financial assets. This involves developing
estimates and assumptions consistent with how
Management judgment is required for the market participants would price the instrument.
calculation of provision for income - taxes and Management bases its assumptions on observable
deferred tax assets and liabilities. The Company data as far as possible but this is not always available.
reviews at each balance sheet date the carrying In that case management uses the best information
amount of deferred tax assets. The factors used in available. Estimated fair values may vary from the
estimates may differ from actual outcome which actual prices that would be achieved in an arm’s length
could lead to adjustment to the amounts reported transaction at the reporting date (refer note 46).
in these financial statements.
(vi) Evaluation of indicators for impairment of
(iii)
Useful lives of depreciable/amortizable assets
assets
The evaluation of applicability of indicators of impairment
Management reviews its estimate of the useful of assets is based on assessment of several external and
lives of depreciable/amortizable assets at each internal factors which could result in deterioration of
reporting date, based on the expected utility of recoverable amount of the assets.
the assets. Uncertainties in these estimates relate
to technical and economic obsolescence that may Impact of Covid-19
change the utility of certain property, plant and
equipment. The Ministry of Home Affairs vide order No.4-3/2020
dated 24 March 2020 notified natural gas supply among
(iv) Impairment of trade receivables the essential services which continued to operate
within the lockdown period in the crisis situation of
Trade receivables do not carry any interest and COVID 19. However, owing to reduction in demand due
are stated at their normal value as reduced by to restrictions in vehicular movement, the management
appropriate allowances for estimated irrecoverable voluntarily decided to temporarily close down some of
amounts. Individual trade receivables are written the CNG stations. Similarly, demand from industrial
off when management deems them not to be and commercial customers were also impacted due to
collectible. Impairment is recognised based on the the lockdown. The Company has evaluated the possible
expected credit losses, which are the present value effects on the carrying amounts of the financial assets
of the cash shortfall over the expected life of the including receivables and unbilled revenue and expects
financial assets. to duly recover the same. The impact of the global
health pandemic may be different from that estimated
(v) Fair value measurement
as at the date of approval of these financial statements
Management applies valuation techniques to and the Company will continue to closely monitor any
determine the fair value of financial instruments material changes to future economic conditions and
(where active market quotes are not available) impact thereof on its operations.
152
4 Property, plant and equipment, capital work-in-progress and other intangible assets
(J in Crores)
Particulars Property, plant and equipment Other
intangible Capital work-
assets in-progress
Total
Freehold Land on Buildings Plant and Furniture Vehicles Data Computer (refer note
land perpetual lease (refer equipment and processing software/ 4.3 and 4.4)
(refer note 4.1) note 4.2) fixtures equipment licenses
Gross block
Balance as at 1 April 2018 21.10 16.98 397.61 2,390.05 15.59 7.73 11.54 2,860.60 27.98 386.02
Additions 7.05 - 23.41 596.22 1.49 4.33 4.34 636.84 11.09 685.30
Additions 12.27 - 16.00 743.61 4.18 10.85 4.54 791.45 3.60 1,019.17
Accumulated depreciation and
amortisation
Balance as at 1 April 2018 - - 47.42 387.71 4.19 2.47 3.26 445.05 11.50 -
charge for the year
Disposals - - 1.63 13.64 - - 0.79 16.06 - -
charge for the year
Disposals - - 5.24 29.52 0.64 0.08 0.92 36.40 - -
Notes:
4.1 Gross block of land on perpetual lease includes land amounting to H 16.98 crores (previous year: H 16.98 crores) obtained on lease from local authorities under licensing arrangement and pending
execution of the related lease agreements.
4.2 Buildings, inter-alia, include buildings which have been constructed on land acquired on lease from various Government Authorities. (refer note 38).
4.3 The expenditure incidental to setting up of project is included in capital work-in-progress (CWIP) which is apportioned to the property, plant and equipment on completion of project. The Company
has capitalised salary, wages and bonus amounting to H 9.52 crores (previous year H 7.68 crores) to the cost of property, plant and equipment /capital work-in-progress.
153
4.4 Capital work-in-progress has been netted off by H 2.03 crores towards provision for obsolete and slow moving capital work-in-progress (previous year H 1.57 crores)
5 Non-current financial assets- investments
(J in Crores)
31 March 2020 31 March 2019
Investments in equity instruments (measured at cost)
Trade (unquoted)
Investments in associates:
(a) Central U.P. Gas Limited (incorporated in India, operating in cities of Kanpur and
Bareilly)
Central U.P. Gas Limited
(b) Maharashtra Natural Gas Limited (incorporated in India, operating in city of
Pune and adjoining areas)
630.22 492.07
Aggregate amount of unquoted investments 630.22 492.07
Summarised aggregated financial information of the Company’s share in these associates:
5.1 Central U.P. Gas Limited (incorporated in India)

(J in Crores)
31 March 2020 31 March 2019
Non current assets 351.19 280.19
Current assets 95.98 80.04
Non-current liabilities (18.92) (18.21)
Current liabilites (72.58) (60.01)
Net assets 355.67 282.01
Proportion of the Company's ownership 50% 50%
Company's share of net assets 177.83 141.00
Add: Goodwill 11.38 11.38
Less: Impact of change in accounting policy 0.22 -
Carrying amount of interest in associates 188.99 152.38
(J in Crores)
31 March 2020 31 March 2019
Revenue 345.33 328.03
Profit 73.20 52.11
Other comprehensive income 0.02 0.01
Company's share of profit 36.60 26.06
Company's share of other comprehensive income 0.01 0.01
Company's share of total comprehensive income 36.61 26.07
154

5 Non-current financial assets- investments (Contd..)
5.2 Maharashtra Natural Gas Limited (incorporated in India)
(J in Crores)
31 March 2020 31 March 2019
Non current assets 1,085.09 898.61
Current assets 136.31 215.68
Non current liabilities (258.59) (420.71)
Current liabilites (250.33) (184.19)
Net assets 712.48 509.39
Proportion of the Company's ownership 50% 50%
Company's share of net assets 356.24 254.70
Add: Goodwill 81.32 81.32
Add: Impact of change in accounting policy 1.82 1.82
Add: Preacqusition dividend 1.52 1.52
Add: Corporate dividend tax on preacquisition dividend 0.33 0.33
Carrying amount of interest in associates 441.23 339.69
(J in Crores)
31 March 2020 31 March 2019
Revenue 1,074.45 902.32
Profit 234.91 121.81
Other comprehensive income - -
Company's share of profit 117.45 60.90
Company's share of other comprehensive income - -
Company's share of total comprehensive income 117.45 60.90
155
156
and other explanatory information for the Year Ended 31 March 2020
5.3 Additional information to consolidated financial statements as at 31 March 2020 (pursuant to Schedule III to the Companies Act, 2013):
S. Name of the Company Proportion Net Assets, i.e., total Share of profit/(loss) Share in other Share in total
No. of ownership assets minus total comprehensive income comprehensive income
interest as liabilities
on Amount As a % of Amount As a % of Amount As a % of Amount As a % of
31 March consolidated consolidated consolidated consolidated
2020 net assets profit/ (loss) other total
comprehensive comprehensive
income income
1 Indraprastha Gas Limited 5,357.97 100% 1,136.54 91.00% (1.50) 100.67% 1,135.04 90.99%
2 Associates (investment as
per equity method)
Indian
a) Central U.P. Gas Limited 50% Equity method 36.60 2.93% 0.01 (0.67%) 36.61 2.93%
b) Maharashtra Natural Gas 50% Equity method 117.45 9.40% - - 117.45 9.41%
Limited
Eliminations (41.60) (3.33%) - - (41.60) (3.33%)
Total 1,248.99 100.00% (1.49) 100.00% 1,247.50 100.00%
Additional information to consolidated financial statements as at 31 March 2019 (pursuant to Schedule III to the Companies Act, 2013):
S. Name of the Company Proportion Net Assets, i.e., total Share of profit/(loss) Share in other Share in total
No. of assets minus total comprehensive income comprehensive income
ownership liabilities
interest as Amount As a % of Amount As a % of Amount As a % of Amount As a % of
on consolidated consolidated consolidated consolidated
31 March net assets profit/ (loss) other total
2019 comprehensive comprehensive
income income
1 Indraprastha Gas Limited 4,315.71 100% 786.67 93.42% (0.94) 101.08% 785.73 93.41%
2 Associates (investment as
per equity method)
Indian
a) Central U.P. Gas Limited 50% Equity method 26.06 3.09% 0.01 (1.08%) 26.07 3.10%
b) Maharashtra Natural Gas 50% Equity method 60.90 7.23% - - 60.90 7.24%
Limited
Eliminations (31.53) (3.74%) - - (31.53) (3.75%)
Total 842.10 100.00% (0.93) 100.00% 841.17 100.00%

6 Loans - non-current
(J in Crores)
31 March 2020 31 March 2019
Security deposits
- Considered good - unsecured 13.38 11.47
13.38 11.47
7 Other non-current financial assets

(J in Crores)
31 March 2020 31 March 2019
Balance with banks in fixed deposits having remaining maturity of more than 12 months 0.06 0.30
Others 0.04 0.04
0.10 0.34
8 Income-tax assets (net)

(J in Crores)
31 March 2020 31 March 2019
Advance tax (net of provisions) 22.69 11.04
Income-tax demand paid under protest 0.21 3.99
22.90 15.03
9 Other non-current assets

(J in Crores)
31 March 2020 31 March 2019
Capital advances 6.25 20.65
Advance to related parties - GAIL (India) Limited (considered good, refer note 43) 12.88 11.48
Others 4.67 5.08
46.52 67.08
10 Inventories (valued at lower of cost and net realisable value)

(J in Crores)
31 March 2020 31 March 2019
Stock-in-trade
Natural gas 3.12 3.71
Stores and spares 51.37 50.88
Less: Provision for obsolete and slow moving stores and spares (3.38) (3.65)
47.99 47.23
51.11 50.94
157
11 Current financial assets - Investments
(J in Crores)
31 March 2020 31 March 2019
Investment in mutual funds (unquoted) - at fair value through profit and loss - 1,285.87
(refer 11.1 below)
- 1,285.87
Aggregate amount of unquoted investments and market value thereof - 1,285.87
(J in Crores)
11.1 Particulars As at As at
31 March 2020 31 March 2019
(a) Nil units (31 March 2019: 2,52,488.807) in SBI Magnum Ultra Short Duration - 105.23
Fund, Direct Growth
(b) Nil units (31 March 2019: 2,50,85,667.555) in HDFC Low Duration Fund, - 102.50
Direct Growth
(c) Nil units (31 March 2019: 5,06,076.717) in IDBI Liquid Fund, Direct Growth - 101.37
(d) Nil units (31 March 2019: 2,21,645.568) in Reliance Liquid Fund, Direct Growth - 101.11
(e) Nil units (31 March 2019: 2,57,867.07) in HDFC Money Market Fund, Direct Growth - 101.07
(f) Nil units (31 March 2019: 4,15,521.645) in SBI Magnum Low Duration Fund, - 101.03
Direct Growth
(g) Nil units (31 March 2019: 1,96,56,614.166) in JM Liquid Fund, Direct Growth - 100.62
(h) Nil units (31 March 2019: 3,33,75,274.929) in Reliance Floating Rate Fund, - 100.51
Direct Growth
(i) Nil units (31 March 2019: 3,07,05,080.77) in HDFC Floating Rate Debt Fund, - 100.42
WP Direct Growth
(j) Nil units (31 March 2019: 3,58,700.377) in Franklin India Liquid Fund, Direct Growth - 100.38
(k) Nil units (31 March 2019: 36,24,187.29) in ICICI Prudential Liquid Fund, Direct - 100.18
Growth
(l) Nil units (31 March 2019: 4,96,310.478) in Mirae Asset Cash Management - 97.85
Fund, Direct Growth
(m) Nil units (31 March 2019: 12,55,147.14) in Aditya Birla Sun Life Liquid Fund, - 37.71
Direct Growth
(n) Nil units (31 March 2019: 95,190.381 ) in Tata Liquid Fund, Direct Growth - 28.03
(o) Nil units (31 March 2019: 25,678.43) in UTI Liquid Cash Plan, Direct Growth - 7.86
Total - 1,285.87
158

12 Trade receivables
(H in Crores)
31 March 2020 31 March 2019
Trade receivables
i. Trade receivables considered good - secured 88.01 83.66
ii. Trade receivables considered good - unsecured 82.38 137.82
iii Trade receivable - credit impaired 8.20 4.98
Less: Allowances for expected credit loss (8.20) (4.98)
170.39 221.48
The above receivables include:
Considered good - unsecured
Receivables from related parties (refer note 43) 9.29 18.45
All amounts are short-term. The net carrying value of trade receivables is considered a reasonable approximation of fair value.
13 Cash and cash equivalents

(J in Crores)
31 March 2020 31 March 2019
Balances with banks in current accounts 129.68 25.88
Cash on hand 1.08 11.89
Balances with banks in fixed deposits with original maturity of less than three months 536.95 33.39
667.71 71.16
There are no repatriation restrictions with regard to cash and cash equivalents as at the end of the reporting period and prior
periods.
14 Bank balances other than cash and cash equivalents

(J in Crores)
31 March 2020 31 March 2019
Balances with banks in fixed deposits with original maturity of more than three 1,500.94 528.36
months and remaining maturity of less than twelve months
(refer note (a) below)
Unpaid dividend account (refer note (b) below) 0.99 0.86
Earmarked balances with banks in current accounts- Escrow account 10.30 6.71
1,512.23 535.93
Note:
a) Includes deposits under lien against bank gurantee of H 0.95 crores (previous year H nil).
b) Not due for deposit to the Investor Education and Protection Fund.
159
15 Loans - current
(J in Crores)
31 March 2020 31 March 2019
Security deposits
i. Considered good - secured - -
ii. Considered good - unsecured (refer note 15.1 below) 1.99 3.78
iii. Deposits - credit impaired 2.52 1.50
Less : Allowances for expected credit losses (2.52) (1.50)
1.99 3.78
15.1 Security deposits, inter-alia comprise of deposits given to related parties as below :
(J in Crores)
31 March 2020 31 March 2019
(a) GAIL (India) Limited 0.10 0.10
(b) Bharat Petroleum Corporation Limited 0.01 0.01
16 Other current financial assets

(J in Crores)
31 March 2020 31 March 2019
61.35 44.40
17 Other current assets

(J in Crores)
31 March 2020 31 March 2019
CENVAT credit recoverable 2.98 0.62
Employee advances 0.58 0.27
Advances to vendors* 1.35 1.33
Advances to others 2.07 1.94
Others 0.96 1.01
32.86 28.81
The management assesses the fair value of these financial assets not to be materially different from the amounts recognised
in the financial statements.
*Advances to vendors, inter-alia, includes advances given to related parties as below:

(J in Crores)
As at As at
31 March 2020 31 March 2019
(a) GAIL (India) Limited 0.68 -
(b) Bharat Petroleum Corporation Limited - 0.05
160

18 Equity share capital

Number of (J in crores) Number of (H in crores)
shares shares
(a) Authorised
Equity shares of H 2 each (previous year H 1,100,000,000 220.00 1,100,000,000 220.00
2 each)
(b) Issued, subscribed and fully paid up
Equity shares of H 2 each (previous year H 700,000,800 140.00 700,000,800 140.00
2 each)
18.1 Terms and rights attached to equity shares:
The Company has one class of equity shares having a par value of H 2 each (previous year H 2 each). Each shareholder is
eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible
to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their
shareholding.
18.2 Reconciliation of the number of equity shares outstanding as at the beginning and at the end of
the year:

Number of (H in crores) Number of (H in crores)
shares shares
Balance as at the beginning/end of the year 700,000,800 140.00 700,000,800 140.00
18.3 Details of shares held by each shareholder holding more than 5% shares:

Number of % holding Number of % holding
shares held shares held
Equity shares of H 2 each
(a) GAIL (India) Limited 157,500,000 22.50% 157,500,000 22.50%
(b) Bharat Petroleum Corporation 157,500,400 22.50% 157,500,400 22.50%
Limited
(c) Life Insurance Corporation of 59,003,813 8.43% 53,234,451 7.60%
India
18.4 The Company has not issued any shares pursuant to contract without payment being received in cash, or allotted as
fully paid up by way of bonus shares or bought back any shares during the period of five years immediately preceding
the date of balance sheet. Further, there are no shares which are reserved for issue under options and contracts or
commitments for the sale of shares or disinvestment.
18.5 During the current year, the Company paid dividend of H 2.40 per equity share for financial year 2018-19 amounting to
H 168.00 crores (excluding dividend distribution tax of H 34.53 crores) [in the previous year, H 2.00 per equity share for
financial year 2017-18 amounting to H 140 crores (excluding dividend distribution tax of H 28.78 crores)].
161
19 Other equity
(J in Crores)
31 March 2020 31 March 2019
(a) General reserve :
Balance as at the beginning/ end of the year 303.50 303.50
(b) Retained earnings:
Opening balance 3,872.21 3,203.45
Profit for the year 1,248.99 842.10
Dividends distributed to equity shareholders (refer note no: 18.5 above) (168.00) (140.00)
Dividend distribution tax on dividend paid on equity share capital (refer note (34.53) (28.78)
18.5 above)
Corporate dividend tax of associates (2.71) (3.63)
4,915.96 3,873.14
Items of other comprehensive income recognised directly in retained
earnings
- Remeasurement of post-employment benefit obligation, net of tax (1.49) (0.93)
Closing balance 4,914.47 3,872.21
5,217.97 4,175.71
Nature of reserves
General reserve
Under the erstwhile Companies Act 1956, general reserve was created through an annual transfer of net income at a specified
percentage in accordance with Companies (Transfer of profits to Reserve) Rules,1975. Consequent to introduction of the
Companies Act 2013, there is no such requirement to mandatorily transfer a specified percentage of the net profit to general
reserve.
Retained earnings
Retained earnings are created from the profit / loss of the Company, as adjusted for distributions to owners, transfers to other
reserves, etc.
20 Other non-current financial liabilities
(J in Crores)
31 March 2020 31 March 2019
Security deposits 1.97 0.41
1.97 0.41
21 Non-current provisions
(J in Crores)
31 March 2020 31 March 2019
23.47 19.55
162

22 Deferred tax liabilities (net)
(J in Crores)
31 March 2020 31 March 2019
(a) Deferred tax liabilities on:
Difference between book balance and tax balance of property, plant and 236.21 275.98
equipment.
Undistributed profit of associates 76.49 48.09
Financial assets at fair value through profit or loss - 5.32
Others - 0.03
312.70 329.42
(b) Deferred tax assets on:
Provision for employee benefit obligations 6.22 7.70
Provision for obsolete and slow moving stores and spares/ Capital work-in- 1.36 1.82
progress
Provision for expected credit loss on trade receivables and security deposits 2.70 2.26
Lease liability 0.88 -
Others 13.14 1.71
24.30 13.49
Deferred tax liabilities (net) 288.40 315.93
Movements in deferred tax liabilities and deferred tax assets

(H in Crores)
Particulars Property, plant Gratuity and Other
and equipment compensated provisions
absences
As at 1 April 2018 234.03 (4.89) 30.44
Charged/ (credited) to the statement of profit or loss 41.95 (2.31) 17.21
As at 31 March 2019 275.98 (7.70) 47.65
Charged/(credited) to the statement of profit or loss (39.77) 1.99 10.76
As at 31 March 2020 236.21 (6.22) 58.41
23 Other non-current liabilities

(J in Crores)
31 March 2020 31 March 2019
Others 0.87 0.97
0.87 0.97
163
24 Current financial liabilities- Trade payables
(J in Crores)
31 March 2020 31 March 2019
Trade payables
(i) total outstanding dues of micro enterprises and small enterprises (refer note 41) 41.09 41.11
(ii) total outstanding dues of creditors other than micro enterprises and small
enterprises
Payable to others 138.29 134.05
Payable to related parties (refer note 43) 45.58 150.90
224.96 326.06
25 Other current financial liabilities

(J in Crores)
31 March 2020 31 March 2019
Security deposits from customers (refer note 39) 771.58 649.27
Unclaimed dividend# 0.99 0.86
Security deposits from vendors 3.87 3.54
Employee payable 32.99 28.29
Creditor for capital goods 412.30 295.80
1,221.73 977.76
# not due for deposit to the Investor Education and Protection fund.
26 Other current liabilities

(J in Crores)
31 March 2020 31 March 2019
Statutory dues payable 17.49 13.14
Advance received for shifting of pipeline 16.77 17.05
Others 0.76 1.44
71.50 61.66
27 Current- provisions
(J in Crores)
31 March 2020 31 March 2019
Provisions for lease rentals (refer note below) 256.06 162.42
257.29 163.45
164

Movement of provisions for lease rentals as required under Ind AS 37
(J in Crores)
31 March 2020 31 March 2019
Balance as at the beginning of the year
Add: Additonal provisions made in the year 162.42 107.47
Balance as at the end of the year 93.64 54.95
256.06 162.42
28 Current tax liabilities (net)

(J in Crores)
31 March 2020 31 March 2019
Provision for tax (net of advance tax) - 1.79
- 1.79
29 Revenue from operations

(J in Crores)
31 March 2020 31 March 2019
Sale of natural gas (including excise duty) 7,131.29 6,336.66
Other operating revenues 34.20 25.21
7,165.49 6,361.87
30 Other income
(J in Crores)
31 March 2020 31 March 2019
Interest income from banks 46.68 36.39
Profit on sale of mutual funds 87.38 73.57
Net gain arising on debt mutual funds designated as at fair value through profit or loss - 15.22
Provision for obsolete and slow moving stores and spares, written back 0.27 0.02
Provision for obsolete and slow moving capital work-in-progress, written back - 0.33
Liabilities/provisions no longer required, written back 3.21 0.10
Allowances for expected credit loss no longer required, written back - 1.50
Net gain on foreign currency transaction and translation - 0.05
Other non-operating income 5.64 1.27
143.18 128.45
165
31 Purchases of stock-in-trade of natural gas
(J in Crores)
31 March 2020 31 March 2019
Natural gas 3,678.77 3,397.89
3,678.77 3,397.89
32 Changes in inventories of stock-in-trade of natural gas

(J in Crores)
31 March 2020 31 March 2019
Closing stock of stock-in-trade of natural gas 3.12 3.71
Opening stock of stock-in-trade of natural gas 3.71 3.14
0.59 (0.57)
33 Employee benefits expense

(J in Crores)
31 March 2020 31 March 2019
Salaries and wages 129.44 123.04
Contribution to provident fund and other funds 4.41 4.23
Staff welfare expenses 17.85 15.28
151.70 142.55
34 Finance costs
(J in Crores)
31 March 2020 31 March 2019
Finance costs on defined benefit obligations 1.58 1.07
Interest on late deposit of advance tax - 0.26
Interest on lease liabilities 6.52 -
Other finance costs 0.02 0.72
8.12 2.05
166

35 Other expenses
(J in Crores)
31 March 2020 31 March 2019
Operating expenses at CNG stations 201.89 182.53
Stores and spares consumed 25.21 27.03
Power and fuel 231.87 209.58
Rent 145.42 105.17
Hire charges:
- Vehicle 26.02 25.23
- Equipment 2.60 1.57
Rates and taxes 2.70 2.33
Repairs and maintenance:
- Buildings 22.25 12.89
- Plant and equipment 278.69 227.22
Security expenses 52.08 49.44
Insurance 1.96 1.49
Cash/cheque collection charges 9.34 10.70
Legal and professional fees 23.21 18.34
Auditor's remuneration (refer note 35.1) 0.58 0.54
Travelling and conveyance 7.07 5.40
Office maintenance 8.28 6.84
Advertisement expenses 11.36 12.40
Loss on property, plant and equipment sold or discarded 4.49 2.04
Allowances for expected credit losses 4.24 2.59
Provision for obsolete and slow moving capital work-in-progress 0.46 -
Corporate social responsibility (CSR) activity expenses (refer note 40) 19.88 14.49
Miscellaneous expenses 54.97 50.17
1,134.57 967.99
35.1 Payment to the statutory auditors as:

(J in Crores)

31 March 2020 31 March 2019
(a) Auditor 0.55 0.51

(b) For reimbursement of expenses 0.03 0.03
0.58 0.54
167
36 Contingent liabilities
1. Claims against the Company not acknowledged as debt:
(a) Demand raised by Excise authorities
The Company had received a show cause notice dated 5 June 2012 from the Directorate General of Central Excise
Intelligence for not paying excise duty on the facility discount paid to Delhi Transport Corporation from December
2008 to August 2010 and raised a demand of H 2.42 crores (previous year H 2.42 crores) which the Company duly
deposited and, however, filed an appeal on 20 August 2013 with the Commissioner of Central Excise. The demand
was confirmed by the Commissioner of Excise in its order dated 30 September 2013 and a penalty of H 2.42 crores
(excluding interest) was imposed on the Company. The Company filed an appeal on 10 January 2014 against the
demand including penalty with Central Excise and Service Tax Appellate Tribunal and the stay has been granted by
the tribunal against the demand. The case has been remanded back to the assessing authority by Central Excise and
Service Tax Appellate Tribunal to submit additional documents along with other evidence.
(b) Demand raised by income-tax authorities
In respect of assessment year 2013-14 and 2014-15, the assessing officer had disallowed additional depreciation
claimed by the Company on addition of assets pertaining to the CNG business. The department has raised a demand
of H 2.51 crores and H 2.01 crores for the assessment year 2013-14 and 2014-15 respectively including interest. Out of
the said demand, H 4.01 crores has been adjusted against the refund for the assessment year 2014-15 and demand
order for the balance amount of H 0.51 crores has been issued by the Department for assessment year 2013-14.
The Company had filed an appeal with the Commissioner of Income-tax (Appeals) which was ruled in favour of
the revenue. The Company has further challenged the Order of the Commissioner of Income-tax (Appeals) in the
Income-tax Appellate Tribunal. Against the remaining demand of H 0.51 crores for the assessment year 2013-14,
Company has deposited H 0.20 crores under protest, while amounts of H 0.23 crores and H 0.08 crores have been
adjusted against the refund of assessment year 2015-16 and assessment year 2011-12 respectively.
In respect of assessment year 2011-12, 2012-13 and 2015-16, the assessing officer had disallowed additional
depreciation claimed by the Company on addition of assets pertaining to the CNG business. The department has
raised a demand of H 8.23 crores, H 10.68 crores and H 1.26 crores (including additional demand of H 0.17 crores
raised in current year) for the assessment year 2011-12, 2012-13 and 2015-16 respectively. Out of the said demand,
H 1.65 crores and H 2.14 crores has been deposited under protest for the assessment year 2011-12 and 2012-13
respectively and H 1.09 crores has been adjusted against the refund of assessment year 2015-16. The Company had
filed appeals with the Commissioner of Income Tax (Appeals) against the decision of the Income-tax department
which was ruled in favour of Company. Subsequently, the Income- tax department has further filed an appeal against
the order of Commissioner of Income-tax (Appeals) in Income-tax Appellate Tribunal. In the current year, in addition
to the additional demand raised for assessment year 2015-16 of H 0.17 crores, the Company has received refund of
H 1.40 crores, H 2.14 crores and H 1.09 crores for assessment year 2011-12, 2012-13 and 2015-16 respectively. For
assessment year 2011-12, balance amount of H 0.25 crores has been adjusted against the demand of assessment
year 2013-14 (H 0.08 crores) and additional demand for assessment year 2015-16 (H 0.17 crores).
In respect of assessment year 2016-17, the assessing officer had disallowed additional depreciation claimed by the
Company on addition of assets pertaining to the CNG business. The department has raised a demand of H 0.84 crores
for the assessment year 2016-17 including interest. The Company has filed an appeal with Commissioner of Income
Tax (Appeals) against the assessment order passed by income-tax department for AY 2016-17, which was ruled in
favour of Company. The Income- tax department has further filled an appeal against the order of Commissioner
of Income-tax (Appeals) in Income-tax Appellate Tribunal. The Company is of the view that such disallowance is not
tenable and accordingly no provision has been made for the said demand.
168

In the current year, the assessing officer had disallowed additional depreciation claimed by the Company in respect
of assessment year 2017-18, on addition of assets pertaining to the CNG business. The department has raised a
demand of H 2.48 crores for the assessment year 2017-18 including interest. Company has filed an appeal with
Commissioner of Income Tax (Appeals) against the assessment order passed by income-tax department for AY 2017-
18. The Company is of the view that such disallowance is not tenable and accordingly no provision has been made
for the said demand.
(c) Demand raised by Delhi Development Authority (DDA)
Delhi Development Authority (DDA) has raised a total demand (excluding interest) of H 155.64 crores during
2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for
setting up compressed natural gas (CNG) stations in Delhi. The increase in license fees was related to the
period 1 April 2007 to 31 March 2014. The Company has filed a writ petition on 11 October 2013 before the
Hon’ble Delhi High Court against the demand raised by DDA as the revised license fees has been increased
manifold and made applicable retrospectively from financial year 2007-08. Further, DDA vide communication
dated 29 August 2016 has revised the total demand (excluding interest) to H 330.73 crores for the period upto
31 March 2016. The same was also reported in the previous year(s) as a contingent liability.
The matter is pending in the Hon’ble High Court of Delhi and the Company, based on the legal opinion taken, is of the
view that such demand is not tenable and accordingly no provision has been made for this aforementioned demand
raised by DDA in the books of accounts.
(d) During the previous year, the Company received a demand amounting to H 0.04 crores from the Commercial Tax
department, Uttar Pradesh which has been deposited by the Company under protest.
(e) Apart from those disclosed above, the Company has certain ongoing litigations involving customers, vendors and
employees. Based on legal advice of in house legal team, the management believes that no material liability will
devolve on the Company in respect of these litigations.
(f) The Company’s share in contingent liabilities of its associate, Central U.P. Gas Limited is H 8.38 crores (previous year H
7.41 crores).The Company’s share in contingent liabilities of its associate, Maharashtra Natural Gas Limited is H 37.55
crores (previous year H 35.67 crores).
2 Demand raised by Goods and Service tax (GST) authorities
During the current year, the Company has received a demand cum show cause notice from the GST authorities
for an amount of H 19.55 crores in respect of financial year 2014-15, 2015-16, 2016-17 and from April 2017 to June
2017 wherein it has been alleged by the aforementioned authorities that the Company has incorrectly availed
cenvat credit on the purchases made by the Company and has not paid service tax on certain other services.
The Company is in process of filing the responses to the demand cum show cause notice and is of the view that such
demand is not tenable. Accordingly, no provision has been made for the demand so raised.
3. There are numerous interpretive issues relating to the Hon’ble Supreme Court (SC) judgment dated 28 February 2019
on provident fund on which the Company is seeking legal advice specially on the retrospective applicability of the same.
However, the Company for the current year is complying with the statutory requirements of the same and does not
believes that any material liability would devolve on it.
169
4. During the previous year, GAIL (India) Limited has raised the following claims against the Company in relation to the
allocation and actual utilisation of domestic gas amounting to :
- H 40.70 crores which in the current year has been revised to H 0.01 crores post reconciliation of the computation
performed by the Company and GAIL (India) Limited; and
- H 35.12 crores and H 5.12 crores which have now been revised in the current year to H 20.28 crores and H 1.37 crores
respectively for the gas supplied by the Company to Adani Gas Limited (AGL) and Haryana City Gas Distribution
Limited (HCGDL). The Company has raised claims of the corresponding amount to AGL and HCGDL respectively.
Both the aforementioned companies are in the process of reconciling the data with GAIL (India) Limited. Further,
based on the agreements entered into by the Company with AGL and HCGDL respectively, and subsequent legal
advice obtained on this matter, the management believes that the Company has the right to recover the said amount
if charged by GAIL (India) Limited from these companies. Accordingly, the management does not believes that any
material liability would devolve on the Company
37
Bank guarantees
The Company was in earlier years granted authorization for laying, building, operating and expanding CGD network in
the geographical area of Karnal, Rewari, Meerut (except area already authorised) Shamli, Muzaffarnagar, Kaithal, Ajmer,
Pali, Rajsamand, Kanpur (except area already authorised), Fatehpur and Hamirpur under the Petroleum and Natural Gas
Regulatory Board (Authorizing entities to lay, build, operate or expand city or local Natural Gas Distribution Networks)
Regulation 2008 against which the Company had submitted performance bank guarantees amounting to H 2,446.36
crores (previous year H 2,446.36 crores) to the Petroleum and Natural Gas Regulatory Board to cover the construction
obligation for creation of infrastructure in the first 5 years. Further, during the year, the Company has been granted
authorization for laying, building, operating and expanding City Gas Distribution (CGD) network in the geographical area
of Hapur under the Petroleum and Natural Gas Regulatory Board (Authorizing entities to lay, build, operate or expand
city or local Natural Gas Distribution Networks) Regulation 2008. The Company has further submitted a performance
bank guarantee amounting to H 33.00 crores to Petroleum and Natural Gas Regulatory Board to cover the construction
obligation for creation of infrastructure in the first 5 years.
(ii) The Company’s commitment towards unexpired bank guarantees other than above mentioned in point (i) is H 334.57
crores (previous year H 375.39 crores) given in the ordinary course of business.
38 The Company has installed various CNG Stations on land leased from various government authorities for periods
ranging from one to five years. However, assets constructed/installed on such land are depreciated generally at the rates
specified in Schedule II to the Companies Act, 2013, as the management does not foresee non-renewal of the above lease
arrangements by the authorities. The net block of such assets amounts to H 274.36 crores (previous year H 278.99 crores).
39 Security deposits from customers of natural gas, refundable on termination/alteration of the gas sales agreements, are
considered as current liabilities as every customer has a right to request for termination of supply and the Company does
not have a contractual right to delay payment for more than 12 months.
40 As per Section 135 of the Companies Act, 2013, a company, meeting the eligibility criteria, needs to spend at least 2%
of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR)
activities. The Company’s CSR programs/projects focuses on sectors and issues as mentioned in Schedule VII read with
Section 135 of Companies Act, 2013. A CSR committee has been formed by the Company as per the Act.
a) Gross amount required to be spent by the Company during the year is H 20.14 crores (previous year H 16.58 crores)
b) Amount spent during the year on CSR
170

40 (Contd..)
(H in Crores)
S.No Particulars In cash Yet to be Total
paid in cash
(i) Construction / acquisition of any asset - - -
(ii) On purposes other than (i) above: 19.88 - 19.88
Empowerment of women and girl child 2.73 - 2.73
Eradication of poverty 1.10 - 1.10
Promotion of healthcare and sanitation 4.68 - 4.68
Promotion of education 8.73 - 8.73
Others 2.64 - 2.64
41 The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act,
2006 (‘MSMED Act’). The disclosures pursuant to the said MSMED Act are as follows:
(H in Crores)
31 March 2020 31 March 2019
(a) The principal amount and the interest due thereon remaining unpaid to any
supplier as at the end of each accounting year
- Principal amount due to any supplier* 285.26 197.27
- Interest due on above - 0.37
(b) The amount of interest paid by the buyer in terms of section 16 of the - -
MSMED Act 2006 along with the amounts of the payment made to the
supplier beyond the appointed day during each accounting year
(c) The amount of interest due and payable for the period of delay in making - -
payment (which have been paid but beyond the appointed day during the
year) but without adding the interest specified under the MSMED Act 2006.
(d) The amount of interest accrued and remaining unpaid at the end of each 0.48 0.48
accounting year
(e) The amount of further interest remaining due and payable even in the - -
succeeding years, until such date when the interest dues as above are
actually paid to the small enterprise for the purpose of disallowance as a
deductible expenditure under section 23 of the MSMED Act 2006
*includes amount of H 244.65 crores (previous year H 156.64 crores) towards creditors for capital goods.
42 Employee benefits:
The following tables summarizes the components of net benefit expense recognized in the statement of profit and loss
and other comprehensive income and the amount recognized in the balance sheet for the respective plans.
(J in Crores)
Non current Current
31 March 2020 31 March 2019 31 March 2020 31 March 2019
Provision for gratuity (refer note below) 1.63 2.16 0.54 0.31
Provision for leave encashment 21.84 17.39 0.69 0.72
23.47 19.55 1.23 1.03
171
Gratuity (funded)
(H in Crores)
Gratuity benefits
31 March 2020 31 March 2019
Change in present value of the benefit obligations are as follows:
Present value of obligations at the beginning of the year 14.19 10.89
Interest cost 1.09 0.81
Remeasurement (gains)/losses: Actuarial losses 2.21 1.44
Present value of obligation at the year end 19.13 14.19
Change in plan assets
Fair value of plan asset at the beginning of the year 11.72 8.79
Investment income 1.30 0.80
Employer contribution 4.31 2.49
Mortality charges (0.12) (0.10)
Remeasurement (gains)/losses - Return on plan assets (0.20) -
Fair value of plan asset at the end of the year* 16.96 11.72
*The fund is managed by Life Insurance Corporation of India and category-wise composition of plan assets is not available with the Company.
Net liability recognised in balance sheet

Present value of the benefit obligations at the end of the year 19.13 14.19
Fair value of plan assets 16.96 11.72
Net liability recognised in balance sheet as provisions 2.17 2.47
Non-current portion of net liability 1.63 2.16
Current portion of net liability 0.54 0.31
2.17 2.47
Expenses recognised in the statement of profit and loss:
Past service cost including curtailment gains/losses - -
Interest cost in benefit obligation (net) 0.18 0.12
Total expense recognised in statement of profit and loss 1.87 1.43
Expense recognised in other comprehensive income
Actuarial (gains)/losses arising from:
- changes in demographic assumptions - -
- changes in financial assumptions 2.18 0.29
- experience adjustments 0.03 1.15
Return on plan assets (excluding amounts included in net interest expense) (0.20) -
Total expense recognised in other comprehensive income 2.01 1.44
172

Actuarial assumptions used

31 March 2020 31 March 2019
Discount rate 6.76% 7.65%
Expected salary escalation rate 6.50% 6.50%
Notes:
1. The discount rate is based upon the market yields available on Government bonds at the accounting date relevant to
currency of benefit payments for a term that matches the liability.
2. The estimates for future salary increase rate takes account of inflation, seniority, promotion, business plan, human
resource policy and other relevant factors on long term basis.
Demographic assumptions used

31 March 2020 31 March 2019
Mortality table IALM(2012-14) IALM(2006-08)
Retirement age 60 years 60 years
Withdrawal rates
Upto 30 years 3 3
From 31 to 44 years 2 2
Above 44 years 1 1
Experience adjustment:
(H in Crores)
Particulars 2020 2019 2018 2017 2016
Present value of defined benefit obligation 19.13 14.19 10.89 8.89 6.19
Experience gain/(loss) on liability (0.03) (1.15) (0.11) (0.12) 0.96
Effect of plan on Company’s future cash flows
(a) Funding arrangements and funding Policy
The Company has purchased an insurance policy to provide payment of gratuity to the employees. Every year, the
insurance company carries out a funding valuation based on the latest employee data provided by the Company. Any
deficit in the assets arising as a result of such valuation is funded by the Company.
(b) Maturity profile of defined benefit obligation
31 March 2020 31 March 2019
(i) Weighted average duration of the defined benefit obligation 18.73 years 18.91 years
173
(b) Maturity profile of defined benefit obligation (Contd..)
(J in Crores)
31 March 2020 31 March 2019
(ii) Duration of defined benefit obligation
0 to 1 year 0.54 0.31
1 to 2 year 0.54 0.27
2 to 3 year 0.59 0.26
3 to 4 year 0.60 0.57
4 to 5 year 0.78 0.42
5 to 6 year 0.32 0.47
6 year onwards 15.76 11.87
(c) The contribution expected to be made by the Company during the financial year 2020-21 is H 2.04 crores.
Sensitivity analysis
The significant actuarial assumptions for the determination of the defined benefit obligation are the discount rate, the
salary growth rate and the average life expectancy. The calculation of the net defined benefit liability is sensitive to these
assumptions. The following table summarises the effects of changes in these actuarial assumptions on the defined
benefit liability:
(J in Crores)
Increase by Decrease by Increase by Decrease by
0.5% 0.5% 0.5% 0.5%
Discount rate
(Decrease)/ increase in the defined (1.27) 1.40 (0.93) 1.02
benefit liability
Salary growth rate
(Decrease)/ increase in the defined 1.40 (1.28) 1.03 (0.95)
benefit liability
The present value of the defined benefit obligation calculated with the same method (project unit credit) as the defined
benefit obligation recognised in the balance sheet. The sensitivity analysis are based on a change in one assumption
while not changing all other assumptions. This analysis may not be representative of the actual change in the defined
benefit obligation as it is unlikely that the change in the assumptions would occur in isolation of one another as some of
the assumptions may be correlated.
Defined contribution plan
The Company makes Provident Fund contributions which are defined contribution plans, for qualifying employees.
Under the scheme, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits.
The Company recognised H 4.41 crores for provident fund contributions (previous year H 4.23 crores) in the statement
of profit and loss. The contributions payable to these plans by the Company are at rates specified in the rules of the
scheme.
174

43 Information on related party transactions pursuant to Ind AS 24 - Related party Disclosures
List of related parties:
(a) Entities having significant influence over the Company (promoter venturers)
i. GAIL (India) Limited

ii. Bharat Petroleum Corporation Limited
(b) Entities over which the Company exercises significant influence
i. Central UP Gas Limited

ii. Maharashtra Natural Gas Limited
(c) Entities controlled by a major shareholder
i. GAIL Gas Limited (controlled by GAIL (India) Limited)
(d) Entities which are joint ventures of GAIL (India) Limited
i. Petronet LNG Limited

ii Green Gas Limited
iii Rajasthan State Gas Limited
(e) Key managerial personnel (KMPs):
i Mr. Gajendra Singh Chairman (with effect from 14 January 2019)

ii Mr. Arun Kumar Singh Chairman (with effect from 1 October 2018 to 13 January 2019)
iii Mr S. Ramesh Chairman (with effect from 1 April 2018 to 23 September 2018)
iv Mr. E.S. Ranganathan Managing Director#
v Mr. Amit Garg Director Commercial (with effect from 25 July 2019)
vi Mr. Rajiv Sikka Director Commercial (with effect from 25 May 2018 to 1 July 2019)
vii Mr. V. Nagarajan Director Commercial (till 24 May 2018)
viii Mr. Rajendra Natekar Pushparaj Non- Executive Director (with effect from 14 January 2019)
ix Mr. S. Bairagi Non-Executive Director (with effect from 6 July 2018 to 13 January 2019)
x Mr Manoj Jain Non-Executive Director (with effect from 1 April 2018 to 5 July 2018)
xi Mr. Rakesh Chawala Chief Financial Officer (with effect from 1 August 2018)*
xii Mr. Rajesh Agrawal Chief Financial Officer (till 31 July 2018)*
xiii Mr. S.K. Jain Company Secretary*
xiv Ms Varsha Joshi Non- Executive Director (upto 22 May 2019)
xv Ms Renu Sharma Non- Executive Director (with effect from 1 December 2019)
xvi Mr. Rajeev Verma Non- Executive Director (with effect from 21 June 2019 till 30 November 2019)
xvii Mr. Akhilesh Kumar Ambasht Non - Executive, Independent Director (with effect from 11 February 2019)
xviii Ms Saroj Bala Non - Executive, Independent Director (with effect from 11 February 2019)
xix Mr. R.S. Sahoo Non - Executive, Independent Director (with effect from 11 February 2019)
xx Mr Raghu Nayar Non-Executive, Independent Director (till 19 March 2019)
xxi Ms Sudha Sharma Non-Executive, Independent Director (till 19 March 2019)
xxii Mr Sadashiv Srinivas Rao Non-Executive, Independent Director (till 15 October 2018)
175
43 Information on related party transactions pursuant to Ind AS 24 - Related party Disclosures (Contd..)
xxiii Mr Santosh Kumar Bajpai Non-Executive, Independent Director (till 15 October 2018)
xxiv Mr Ranganathan Venkataraman Non-Executive, Independent Director (till 15 October 2018)
xxv Mr. Ramesh Narain Misra Non - Executive, Independent Director (with effect from 11 June 2019)
xxvi Mr. Deepak Mishra Non - Executive, Independent Director (with effect from 13 June 2019)
# Post the year end, with effect from 16 June 2020, Mr. Asit Kumar Jana is the Managing Director of the Company.
* Pursuant only to Section 203 of the Companies Act, 2013
Transactions/balances outstanding with related parties in the ordinary course of business:

(J in Crores)
31 March 2020 31 March 2019
GAIL (India) Limited
Purchase of stock-in-trade of natural gas (including VAT) 3,113.84 2,800.96
Transportation charges 44.52 35.67
Refund of excess fixed transmission charges 18.36 -
Sale of natural gas 2.63 3.21
Road restoration charges 0.07 0.25
Advance paid for hooking up charges of shippers facilities 9.43 -
Refund of hooking up charges 8.01 -
Operational charges 0.19 0.16
Sponsorship of events 0.02 -
Bank guarantee/standby letter of credit outstanding (SBLC) at the year end 160.30 157.83
Advance paid for hooking up of shippers facilities 13.56 11.48
Sale of CNG (gross) 462.19 432.16
Reimbursement of electricity expenses 16.74 16.00
Facility charges 17.52 17.04
Purchases of stock-in-trade of natural gas 302.77 324.42
Purchases of lubricants 0.60 0.86
Purchase of petrol/diesel (including unutilised) 0.15 0.17
Security deposit refund 0.02 0.01
Earnest money deposit received/(repaid) - (0.04)
176

(J in Crores)
31 March 2020 31 March 2019
Security deposit 0.01 0.01
Other advances - 0.05
Central UP Gas Limited
Security deposit given - 0.02
Security deposit refund - 0.02
GAIL Gas Limited
Petronet LNG Limited
Net movement in standby letter of credit / bank guarantee issued/renewed (0.30) 11.58
Trade payable - 9.62
Green Gas Limited
Purchase of stock-in-trade of natural gas - -
Trade payable 0.06 0.06
Rajasthan State Gas Limited
Sale of property, plant and equipment - 0.01
177
(J in Crores)
31 March 2020 31 March 2019
Key managerial personnel:
Mr. E.S. Ranganathan: direct reimbursements# 0.04 0.03
Mr. Rajiv Sikka: direct reimbursements# 0.02 0.05
Mr. Amit Garg: direct reimbursements# 0.06 -
Mr. Rakesh Chawala (managerial remuneration) 0.78 0.41
Mr. S.K. Jain (managerial remuneration) 0.79 0.72
Mr. Akhilesh Kumar Ambasht 0.14 0.02
Ms. Saroj Bala 0.12 0.02
Mr. R.S. Sahoo 0.21 0.02
Ms. Varsha Joshi 0.01 -
Mr. Rajeev Verma 0.03 -
Ms. Renu Sharma 0.03 -
Mr. Ramesh Narain Misra 0.10 -
Mr. Deepak Mishra 0.09 -
Mr. V. Nagarajan: Direct reimbursements# - 0.02
Mr. Rajesh Agrawal (managerial remuneration) - 0.74
Mr. Raghu Nayar - 0.14
Ms. Sudha Sharma - 0.14
Mr. Sadashiv Srinivas Rao - 0.09
Mr. Santosh Kumar Bajpai - 0.08
Mr. Ranganathan Venkataraman - 0.07
# Direct reimbursements made as per terms of employment/entitlements
44 Income-tax expense
(J in Crores)
31 March 2020 31 March 2019
(a) Income-tax expense
Current tax
Current tax on profits for the year 334.53 370.31
Total current tax expense 334.53 370.31
Deferred tax
(Increase)/ decrease in deferred tax assets (10.30) (4.27)
(Decrease)/ increase in deferred tax liabilities (16.72) 61.13
Total deferred tax expense (27.02) 56.86
Income tax expense reported in the statement of profit or loss 307.51 427.17
Deferred tax related to items recognised in OCI during the year
Net loss on remeasurements of defined benefit plans (0.51) (0.50)
Tax expense 307.00 426.67
178

(b) Reconciliation of tax expense and the accounting profit multiplied by India’s tax rate:
(J in Crores)
31 March 2020 31 March 2019
Profit before income-tax expense 1,402.45 1,182.31
Tax at the Indian tax rate of 25.168% (2018-2019 : 34.944%) 352.97 413.15
Tax effect of amounts which are not deductible (taxable) in calculating taxable
income:
Effect of non deductible expenses 5.01 5.41
Effect of disallowances/ (allowances) 0.10 (6.63)
Share in profit of associates not taxable 28.40 13.82
Others (1.54) 0.92
Change due to adoption of new tax rate (refer note below) (77.94) -
Income-tax expense 307.00 426.67
Note :
The Company has elected to exercise the option permitted under section 115BAA of the Income-tax Act, 1961 as
introduced by the Taxation Laws (Amendment) Ordinance 2019. Accordingly, the Company has recognised provision for
income-tax basis the revised rates resulting in a reduction in current tax expense. The Company has also re-measured
its deferred tax liability on the basis of reduced rate.
179
45 Financial instruments by category
(H in Crores)
Non current financial assets
Loans - 13.38 - 11.47
Other financial assets - 0.10 - 0.34
Current financial assets
Investments - - 1,285.87 -
Trade receivables - 170.39 - 221.48
Cash and cash equivalents - 667.71 - 71.16
Bank balances other than cash and cash - 1,512.23 - 535.93
equivalents
Unbilled revenue - 35.20 - 32.94
Interest accrued on fixed deposits - 26.15 - 11.46
Security deposits with related parties and - 1.99 - 3.78
others
Total financial assets - 2,427.15 1,285.87 888.56
Non current financial liabilities
Security deposits - 1.97 - 0.41
Current financial liabilities
Trade payables - 224.96 - 326.06
Security deposits from customers - 771.58 - 649.27
Unclaimed dividends - 0.99 - 0.86
Employee benefits payable - 32.99 - 28.29
Creditors towards capital goods - 412.30 - 295.80
Security deposits from vendors - 3.87 - 3.54
Total financial liabilities - 1,544.85 - 1,304.23
Note :
Investments in associates as at the close of the year ended 31 March 2020 and 31 March 2019 are carried at cost, per the
exemption availed by the Company. Hence the same has not been considered in the above table.
46 Financial instruments measured at fair value
The following tables present financial assets and liabilities measured at fair value in the statement of financial position in
accordance with the fair value hierarchy. This hierarchy groups financial assets and liabilities into three levels based on
the significance of inputs used in measuring the fair value of the financial assets and liabilities. The fair value hierarchy
has the following levels:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices); and
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
The level within which the financial asset or liability is classified is determined based on the lowest level of significant
input to the fair value measurement.
180

46 Financial instruments measured at fair value (Contd..)
There are no financial liabilities measured at fair value as at 31 March 2020 and 31 March 2019.
The financial assets measured at fair value in the statement of financial position are grouped into the fair value hierarchy
as on 31 March 2019 and 31 March 2020 as follows:
(H in Crores)
Level 1 Level 2 Level 3 Total
As at 31 March 2019
Investment in mutual funds 1,285.87 - - 1,285.87
Total 1,285.87 - - 1,285.87
As at 31 March 2020
Investment in mutual funds - - - -
Total - - - -
During the previous year, the investments in mutual funds have been fair valued per net asset value (NAV) as at reporting
date.
The carrying amounts of trade receivables, trade payables, capital creditors and cash and cash equivalents are considered
to be the same as their fair values, due to their short-term nature.
Security deposits received have not been fair valued as the same are repayable on demand, so there is no fixed term
available for the purpose of discounting. Further, security deposits given have not been fair valued as the impact of the
fair valuation is not material.
47
Financial risk management
This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the impact
of the same in the financial statements.
(i) Foreign currency risk
The Company is exposed to foreign exchange risk mainly through its purchases of capital items from overseas suppliers
in various foreign currencies. The Company evaluates exchange rate exposure arising from foreign currency (‘FC’)
transactions and follows established risk management policies to manage its risks.
The Company’s foreign currency exposure on accounts payable that have not been hedged by a derivative instrument or
otherwise are given below:
Currency As at 31 March 2020 As at 31 March 2019

FC (H in crores) FC (J in crores)
USD 7,69,094 5.80 3,24,230 2.24
EURO 1,04,514 0.87 1,26,771 0.99
6.67 3.23
181
Foreign currency sensitivity
There shall be no material impact on profit before tax due to 1% increase/decrease in foreign exchange rates.
(ii) Credit risk
Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to
the Company causing financial loss. It arises from cash and cash equivalents, derivative financial instruments, deposits from
financial institutions and principally from credit exposures to customers relating to outstanding receivables. The Company’s
maximum exposure to credit risk is limited to the carrying amount of financial assets recognized at reporting date :
Financial assets for which loss allowance is measured using 12 months Expected Credit Losses
(H in Crores)
Exposure to credit risk As at As at
31 March 2020 31 March 2019
Security deposits (non-current) 13.38 11.47
Balance with banks in fixed deposits 0.06 0.30
Cash and cash equivalents (except cash on hand) 666.63 59.27
Other bank balances 1,512.23 535.93
Security deposits with related parties and others 1.99 3.78
2,255.64 655.15
Financial assets for which loss allowance is measured using Lifetime Expected Credit Losses
An analysis of age of trade receivables at each statement of financial position date is summarized as follows:
(H in Crores)
31 March 2020 31 March 2019
upto 1 year 170.37 217.88
More than 5 years 1.50 0.38
178.59 226.46
Expected credit loss
31 March 2020 31 March 2019
upto 1 year 0% 0%
More than 5 years 100% 100%
Balances with banks is subject to low credit risks due to good credit ratings assigned to these banks. Further, security
deposits paid includes payment made to government agencies which are considered low credit risk.
182

(iii) Liquidity risk
Liquidity risk is the risk that suitable sources of funding for the Company’s business activities may not be available.
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability
of funding through an adequate amount of committed credit facilities to meet obligations when due and to close
out market positions. Management monitors rolling forecasts of the Company’s liquidity position and cash and cash
equivalents on the basis of expected cash flows. Short term liquidity requirements comprises mainly of trade payables
and employee dues arising during normal course of business as on each statement of financial position date. Long term
liquidity requirement is assessed by the management on periodical basis and is managed through internal accruals. As
at each statement of financial position date, the Company’s liabilities having contractual maturities (including interest
payments where applicable) are summarized as follows:
The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting
date based on contractual undiscounted payments:
As at 31 March 2020
(H in Crores)
year year
Lease liabilities 20.01 76.18 96.19
1,466.70 78.15 1,544.85
As at 31 March 2019
(H in Crores)
year year
1,303.82 0.41 1,304.23
(iv) Price risk
The Company is not exposed to sensitivity to price risk in regards to its financial assets and liabilities.
183
(v)
Interest risk
The Company’s policy is to minimise interest rate cash flow risk exposures. The Company is exposed to the interest rate
risk on fixed deposit and on the investment done by the Company in mutual funds. The exposure to the interest rate for
the Company’s mutual fund and fixed deposit is considered immaterial.
The following table illustrates the sensitivity of profit and equity to a reasonably possible change in interest rates of
+/- 0.50% (2018-19: +/-0.50%). These changes are considered to be reasonably possible based on observation of current
market conditions. The calculations are based on a change in the average market interest rate for each period, and the
financial instruments held at each reporting date that are sensitive to changes in interest rates. All other variables are
held constant.
(H in Crores)
Particulars Profit for the year Equity
+0.50% -0.50% +0.50% -0.50%
31 March 2020 10.19 (10.19) 7.63 (7.63)
31 March 2019 9.24 (9.24) 6.01 (6.01)
48 Capital management
The Company’s capital management objectives are:
a) to ensure the Company’s ability to continue as a going concern; and
b) to provide an adequate return to stakeholders
For the purpose of Company’s capital management, capital includes issued equity capital. The Company manages its
capital structure and makes adjustments in light of changes in economic condition and the requirements of the financial
covenants, if any. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net
debt. The Company includes within net debt, interest bearing borrowings, less cash and cash equivalents.
(H in Crores)
31 March 2020 31 March 2019
Borrowings - -
Less: Cash and cash equivalents (667.71) (71.16)
Borrowings (net of cash and cash equivalents) - -
Capital employed 5,357.97 4,315.71
Total capital employed 5,357.97 4,315.71
Gearing ratio 0% 0%
49 Capital and other commitments
(a) Capital commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for is as under:
(H in Crores)
31 March 2020 31 March 2019
Property, plant and equipment 2,013.94 1,469.80
2,013.94 1,469.80
184

(b) Other commitments
The Company has entered into long-term agreements for purchase of natural gas upto maximum quantity of 0.58 million
standard cubic meters (SCM)/ day (H1.96 crores per day based on average rates prevailing on March 2020) till 2028 with
different suppliers. These agreements have ‘take or pay’ clause which shall be applicable in case gas off take is less than
the contractual quantity as defined in the agreement and the same can be adjusted against make up quantity to be taken
in the subsequent years. As at the balance sheet date, the management does not foresee any liability on account of the
said obligation.
50 Earnings per equity share
Particulars Units Year ended Year ended

31 March 2020 31 March 2019
Net profit attributable to shareholders H crores 1,248.99 842.10
Weighted average number of equity shares No. in crores 70.00 70.00
Nominal value per share H 2.00 2.00
Basic earning per share of H 2 each H 17.84 12.03
The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earnings per
share of the Company remain the same.
51 Leases
a) The Company has adopted Ind AS 116 ‘Leases’ from 1 April 2019, which resulted in changes in accounting policies in the
Consolidated financial statements.
b)
Transition
Effective 1 April 2019, the Company adopted Ind AS 116 ‘Leases’ and applied the standard to all lease contracts existing
on 1 April 2019 using the modified retrospective method and recognised at the date of initial application:
a) Lease liability at the present value of the remaining lease payments, discounted using the lessee’s incremental
borrowing rate for leases as on 31 March 2019; and
b) Right-of-use asset at an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease
payments relating to that lease recognised in the balance sheet immediately before the date of initial application.
c) Practical expedients applied
In applying Ind AS 116 for the first time, the Company has used the practical expedients permitted by the standard:
• applying a single discount rate to a portfolio of leases with reasonably similar characteristics
• accounting for operating leases with a remaining lease term of less than 12 months as at 1 April 2019 as short-term
leases
d) The weighted average lessee’s incremental borrowing rate applied to the lease liabilities on 1 April 2019 was 9% p.a. with
maturity between 2020 - 2042.
e) Each lease generally imposes a restriction that, unless there is a contractual right for the Company to sublet the asset to
another party, the right-of-use asset can only be used by the Company. Leases are either non-cancellable or may only be
cancelled by incurring a substantive termination fee. The Company is prohibited from selling or pledging the underlying
leased assets as security. For leases over office buildings and factory premises the Company must keep those properties
in a good state of repair and return the properties in their original condition at the end of the lease.
185
f) The table below describes the nature of the Company’s leasing activities by type of right-of-use asset recognised on
balance sheet:
Right-of-use assets No of right- Range of Average

of-use assets remaining term remaining lease
leased (years) term(years)
Land 21 2- 90 46.62
Building 35 1- 22 2.27
Data processing equipments 1 1- 1 1.00
Vehicles 19 4- 5 4.56
There are no leases entered by the Company which have any extension, termination or purchase options and the
payment of lease rentals is not based on variable payments which are linked to an index.
g) (i) Amounts recognised in balance sheet and statement of profit and loss :
The balance sheet shows the following amounts relating to leases:

(J in Crores)
Particulars Category of right-of-use assets
Land Buildings Data processing Vehicles Total
equipement
Balance as at 1 April 2019 (on account 31.11 14.33 0.18 28.21 73.83
of initial application of Ind AS 116)
Add: Additions 30.99 19.19 - 17.73 67.91
Less: Depreciation charged on the right- 6.66 6.12 0.09 6.87 19.74
of-use assets
Balance as at 31 March 2020 55.44 27.40 0.09 39.07 122.00
h) Lease payments not recognised as lease liabilities:

(J in Crores)
31 March 2020
Expenses relating to short term leases (included in other expenses) 132.39
Expenses relating to variable lease payments not included in lease payments 20.66
Total 153.05
i) The total cash outflow for leases for the year ended 31 March 2020 was H 40.93 crores.
j) Future minimum lease payments as on 31 March 2020 are as follows:

(J in Crores)
Minimum lease payments due As at 31 March 2020
Lease payments Finance Net present
charges values
Within 1 year 27.33 (7.32) 20.01
1 - 2 years 25.24 (5.55) 19.69
2 - 3 years 21.63 (4.01) 17.62
3 - 4 years 19.95 (2.48) 17.47
4 - 5 years 13.33 (1.08) 12.25
After 5 years 15.82 (6.67) 9.15
Total 123.30 (27.11) 96.19
186

k) Reconciliation of total lease commitments as on 31 March 2019 to the lease liabilities recognised
at 1 April 2019:
Particulars Amount in J
Total operating lease commitments as on 31 March 2019 83.58
Discounted using incremental borrowing rate (20.89)
Operating lease liabilities 62.69
Reasonably certain extension options -
Finance lease obligations -
Total lease liabilities recognised under Ind AS 116 at 1 April 2019 62.69
52 The Company is primarily engaged in the business of providing natural gas. Hence, as per the chief operating decision
maker the sale of natural gas has been considered as a single operating segment per Ind AS 108 ‘Operating Segment’ and
accordingly disclosures have been limited to single operating segment.
In the current year, revenue from one external customer amounting to H 795.15 crores individually accounted for more
than ten percent of the revenue. In the previous year, none of the customer individually accounted for more than ten
percent of the revenue.
53 Disclosures pursuant to Ind AS 115, Revenue from Contracts with customers, are as follows :
a)
Contract balances
The following table provides information about receivables, contract assets and contract liabilities from contract with
customers:
(J in Crores)
31 March 2020 31 March 2019
Contract assets
Total contract assets 35.20 32.94
Contract liabilities
Total contract liabilities 36.48 30.03
Receivables
Net receivables 170.39 221.48
Contract asset is the right to consideration in exchange for goods or services transferred to the customer. Contract liability
is the entity’s obligation to transfer goods or services to a customer for which the entity has received consideration from
the customer in advance. Contract assets (unbilled receivables) are transferred to receivables when the rights become
unconditional and contract liabilities are recognised as and when the performance obligation is satisfied.
187
b) Significant changes in contract assets and liabilities
There has been no significant changes in contract assets during the year
(H in Crores)
Contract liabilities Contract liabilities
Excess payments Advance from Excess payments Advance from
received from customers received from customers
customers customers
Opening balance 23.72 6.31 16.57 3.79
Add: Addition during the year 14.22 10.39 16.11 6.31
Less: Revenue recognised during the 11.85 6.31 8.96 3.79
year from opening liability
Closing balance 26.09 10.39 23.72 6.31
54 During the year ended 31 March 2020, the Company has reclassified / regrouped the outstanding liability pertaining
to lease rentals amounting to H 162.42 crores as at 31 March 2019 from Current financial liabilities- Trade payables to
Current- provisions.
55 “The agreements with the Oil Marketing Companies (OMCs) for the Delhi region and Uttar Pradesh region expired on
31 March 2018 and 31 March 2019 respectively. The Company is in active negotiations with them to renew the commercial
terms of the contracts. However, for the Delhi region, an incremental amount of H 10.83 crores pertaining to the current
year (previous year H 4.90 crores) and for the Uttar Pradesh region an incremental amount of H 0.88 crores has been
provided for towards the estimated increase in the amount of trade margin and facility charges payable to the OMCs.
56
Post reporting date events
No adjusting or significant non-adjusting events have occurred between 31 March 2020 and the date of authorisation of
the Company’s Consolidated financial statements. However, the Board of Directors have recommended a final dividend
of 140% i.e. H 2.80 (previous year H 2.40) on equity shares of H 2 (previous year H 2) each for the year ended 31 March 2020,
subject to approval of shareholders at the ensuing annual general meeting.
57 The consolidated financial statements for the year ended 31 March 2020 were approved by the Board of Directors on
17 June 2020.
For Walker Chandiok & Co LLP For and on behalf of the board of directors
Sd/- Sd/- Sd/-

Sd/- Sd/-
188
Notes
Notes
Notes
a K&A creation | www.kalolwala.co.in

IGL Bhawan, Plot No. 4,
Community Centre, Sector 9, R K Puram,
New Delhi - 110022
Website: www.iglonline.net

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IGL/CS/2020 September 03, 2020

The Manager Listing Department

Security Code : 532514 Trading Symbol : IGL

Sub: Annual Report - 2019-20 and Notice of Annual General Meeting

Dear Sir I Madam,

In pursuance of the Regulation 34 of SEBI (Listing Obligations and Disclosure Requirement)

This is for your information and record.

RESOLVED FURTHER THAT the Board of Directors of

Notes: Non-resident shareholders can avail beneficial rates

Explanatory Statement Pursuant to Section 102 Item No. 5.

DETAILS OF DIRECTORS SEEKING APPOINTMENT/RE-APPOINTMENT IN ANNUAL GENERAL MEETING

Indraprastha Gas recognizes the need to capitalize on shifting

Management Discussion and Analysis

Forward looking statement

Some information in this report may contain forward-looking statements.

Dividend (%) Average sales per day (mmscmd)

Bankers Secretarial Auditors

• ICICI Bank Limited M/s V.K. Sharma & Co.

M/s Walker Chandiok & Co. CIN:

M/s Ramanath Iyer & Co.

During the year, the Company recorded sales as under:

Company has conducted joint promotion activities with

The Company had introduced prepaid card for its CNG

Central U. P. Gas Limited (CUGL)

CUGL is engaged in City Gas Distribution in the cities of Kanpur,

CUGL achieved a gross turnover of Rs. 345.33 Crores and

Maharashtra Natural Gas Limited (MNGL)

MNGL is in City Gas Distribution business in Pune, Pimpri,

MNGL achieved a gross turnover of Rs. 1074.45 Crores and

The matter of taking over the entire CGD activities in

In its areas of operations, there are growth drivers which

It is expected that the price differential of CNG and liquid fuel

Your company has been continuously striving to achieve

Fire & Safety training at a residential colony in New Delhi.

Your Company has been conferred Safety Innovation Award

Corporate Social Responsibility

Details of transactions with related parties are being disclosed

Amount which the Company proposes to carry

The details of the number of meetings of the Board and

Your Company has laid down a set of standards, processes

Pursuant to Section 204 of the Companies Act, 2013, your

Form No. AOC-1

Part “A”: Subsidiaries

(Information in respect of each subsidiary to be presented with amounts in Rs.)

• Names of subsidiaries which are yet to commence operations – Not Applicable

Part “B”: Associates and Joint Ventures

Sl. Name of Associates or Joint Ventures Central UP Gas Maharashtra Natural

For and on behalf of Board of Directors

Annual Report on CSR Activities for the financial year 2019-20

1. Outline of CSR Policy

2. Composition of the CSR Committee, as on 31st March 2020

7. CSR Committee Responsibility Statement

Form No. MR-3

SECRETARIAL AUDIT REPORT

To, (v) The following Regulations and Guidelines prescribed

We further report that-

Our report of even date is to be read along with this letter.

for V. K. Sharma & Co.

Disclosures with respect to remuneration and other details as