Indraprastha Gas Limited CC-Sep24.pdf · 2024-10-29
I have two questions. First is actually a request as a long-term shareholder. You definitely would have observed that there's recently been another round of apprehension around IGL stock price, and this is regarding the reduced APM gas allocation. And the real fear is that the rising gas prices would adversely affect the company's profitability prospects. Now I know that it's difficult for you to give projections about the future how the margins would move and all that. But my suggestion is we can talk of the past and how such situations have been handled by IGL. This is not the first time gas prices are sharply going up. It has been done many times in the past, and I'm sure it will happen in the future also. For example, I remember in 2010, the APM gas costs went up from $1.79 per MMBtu to $4.2 per MMBtu, sharp, more than doubling of price. So at that time also, IGL was able to pass on the price increase and the volumes did not suffer as much. So my suggestion, gentlemen, is that you please put in a presentation in your own website giving past data. You don't have to give any future projections. You just give past data of how the gas prices have moved in the past, how you supported -- how you protected your spreads and how the volumes did not fall. If such a presentation is put on your website, it will ease the apprehension of the investment community. That is my first question.
Yes. I'm sure you will. I'm just requesting that in order to make our position clear. One additional slide in your presentation giving the history of gas cost per SCM and your selling price per SCM. If you can give that, that will ease some of the apprehen sions that the investment community has.