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IHB

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Namestring
IHB
Legal namestring
IHB Limited
Websiteurl
ihbl.in
Company typeenum
Private
Founded yearint
2019
Descriptiontext

IHB Limited is a joint venture company incorporated on July 9, 2019, by three Indian Central Public Sector Undertakings — Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) — for the exclusive purpose of implementing, operating and managing the Kandla-Gorakhpur LPG Pipeline (KGPL). The 2,805 km pipeline, sanctioned by the Petroleum and Natural Gas Regulatory Board (PNGRB) under the Common Carrier Category, is being built to source LPG from western-coast import terminals at Kandla, Dahej and Pipavav and from refineries at Koyali and Bina, and deliver it to 22 directly connected bottling plants (3 in Gujarat, 6 in Madhya Pradesh, 13 in Uttar Pradesh) with 21 additional plants indirectly linked. At designed capacity of 8.25 MMTPA, the single pipeline is positioned to carry roughly 25% of India's total LPG demand and to serve an addressable consumer base of approximately 34 crore people across the three states; the company markets it as the world's longest LPG pipeline.

The project is being constructed at a total investment of approximately Rs. 10,088 crore, financed through promoter equity from the three CPSUs and project debt (loan document signed March 13, 2020; India Ratings affirmed IND A+/Stable in November 2020). IHB's revenue model is a regulated, contracted-throughput franchise: LPG transportation tariffs are governed by Transportation Service Agreements with the promoter OMCs — TSAs with HPCL and BPCL were executed in July 2026 — replacing the existing road/rail logistics the promoters currently incur to move product from western-coast import points to inland bottling plants. Distribution is the pipeline itself, with a Noida headquarters (housed in the BPCL-NRO Building) and a central construction office in Ahmedabad overseeing build activity. GTM motion is B2B infrastructure sales with the three promoter shareholders themselves serving simultaneously as equity holders, TSA counterparties and ultimate off-takers.

IHB is presently in late-stage construction, evidenced by continuous six-monthly Environment & Forest compliance filings (most recent the 9th report for July–Dec 2025, published January 2026), tender notices for engineering and construction services, and the convocation of its 6th Annual General Meeting in September 2025. The lean 51–100-employee structure is concentrated on project execution and regulatory/governance functions rather than commercial deployment. The strategic intent, as stated by the promoters, is to operate as a single regulated pipeline infrastructure asset rather than a diversified energy platform, monetising its Common Carrier status through long-duration TSA cash flows once mechanical commissioning is complete.

Short descriptiontext

IHB Limited is a joint venture of IOCL, BPCL and HPCL that builds, owns and operates the 2,805 km Kandla-Gorakhpur LPG Pipeline — authorised by PNGRB under the Common Carrier Category — to transport LPG from western-coast terminals to 22 bottling plants across Gujarat, Madhya Pradesh and Uttar Pradesh.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersNoida, India
HQ citystring
Noida
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
LPG pipeline infrastructure, petroleum pipeline transportation, common carrier pipeline, oil and gas logistics, LPG bottling distribution
Industry4 codes
1NGL/LPG Trunkline / Transmission Pipelines (Interstate/Long-Haul)
CodeTLAGAEAIPrimaryYes
2NGL/LPG Pipeline Pump/Compressor & Metering Stations Operations
CodeTLAGAEALPrimaryNo
3NGL/LPG Distribution / Local Delivery Pipelines (Terminal-to-Market)
CodeTLAGAEAJPrimaryNo
4NGL (Natural Gas Liquids) Pipeline Transportation
CodeEUALADACPrimaryNo
NAICS code3 codes
  • All Other Pipeline Transportation48699
  • Other Pipeline Transportation4869
  • Pipeline Transportation486
SIC code1 code
  • Pipe Lines (No Natural Gas)4610
Product category
Oil & Gas Pipeline Infrastructure
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

IHB Limited implements, operates, and manages the Kandla-Gorakhpur LPG Pipeline (KGPL), a 2,805 km pipeline that transports LPG from western coast import terminals (Kandla, Dahej, Pipavav) and refineries (Koyali, Bina) to bottling plants across Gujarat, Madhya Pradesh, and Uttar Pradesh. The pipeline has a capacity of 8.25 MMTPA, representing approximately 25% of India's total LPG demand, and is authorized by PNGRB under Common Carrier Category.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Rs. 10,088 crore investment in pipeline infrastructure
+3 more records
Product overview1 text field

IHB operates as a single-project infrastructure company focused on the Kandla-Gorakhpur LPG Pipeline (KGPL). The company was established as a joint venture by three Indian oil PSUs (IndianOil, BPCL, HPCL) in July 2019 to build, own, and operate this 2,805 km pipeline infrastructure. The pipeline is authorized by PNGRB under Common Carrier Category and is designed to transport LPG from western coastal import terminals and refineries to bottling plants across three states, replacing road/rail transportation. No additional products, modules, or platform offerings exist beyond this core pipeline infrastructure.

Product and service1 record
1Kandla-Gorakhpur LPG Pipeline (KGPL)
CategoryPipeline Infrastructure / Oil & Gas Logistics
Description

A 2,805 km LPG pipeline infrastructure project connecting western coast import terminals (Kandla, Dahej, Pipavav) and refineries (Koyali, Bina) to 22 LPG bottling plants directly and 21 bottling plants indirectly across Gujarat (1,076 km), Madhya Pradesh (621 km), and Uttar Pradesh (1,108 km). The pipeline is being constructed at an investment of Rs. 10,088 crore and authorized by PNGRB under Common Carrier Category, designed to replace road/rail LPG transportation with capacity of 8.25 MMTPA.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1Indian Oil Corporation Limited (IOCL)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2019-06-03
Description

One of the three promoter companies and joint venture partners. IOCL is India's largest oil company and a Central Public Sector Undertaking. Joint venture agreement signed on June 3, 2019 to form IHB Limited for implementing the Kandla-Gorakhpur LPG Pipeline Project.

2Hindustan Petroleum Corporation Limited (HPCL)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2019-06-03
Description

One of the three promoter companies and joint venture partners. HPCL executed Transportation Service Agreement with IHB in July 2026 for LPG transportation services.

3Bharat Petroleum Corporation Limited (BPCL)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2019-06-03
Description

One of the three promoter companies and joint venture partners. BPCL executed Transportation Service Agreement with IHB in July 2026. The NRO Building housing IHB's headquarters belongs to BPCL.

4Petroleum and Natural Gas Regulatory Board (PNGRB)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2018-12-31
Description

Regulatory body that authorized the Kandla-Gorakhpur LPG Pipeline under Common Carrier Category. PNGRB approval received December 31, 2018 and amended letter of authorization issued April 30, 2020.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

IHB

Oil & Gas Pipeline Infrastructureihbl.in

IHB Limited is a joint venture of IOCL, BPCL and HPCL that builds, owns and operates the 2,805 km Kandla-Gorakhpur LPG Pipeline — authorised by PNGRB under the Common Carrier Category — to transport LPG from western-coast terminals to 22 bottling plants across Gujarat, Madhya Pradesh and Uttar Pradesh.

What IHB does

IHB Limited is a joint venture company incorporated on July 9, 2019, by three Indian Central Public Sector Undertakings — Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) — for the exclusive purpose of implementing, operating and managing the Kandla-Gorakhpur LPG Pipeline (KGPL). The 2,805 km pipeline, sanctioned by the Petroleum and Natural Gas Regulatory Board (PNGRB) under the Common Carrier Category, is being built to source LPG from western-coast import terminals at Kandla, Dahej and Pipavav and from refineries at Koyali and Bina, and deliver it to 22 directly connected bottling plants (3 in Gujarat, 6 in Madhya Pradesh, 13 in Uttar Pradesh) with 21 additional plants indirectly linked. At designed capacity of 8.25 MMTPA, the single pipeline is positioned to carry roughly 25% of India's total LPG demand and to serve an addressable consumer base of approximately 34 crore people across the three states; the company markets it as the world's longest LPG pipeline.

The project is being constructed at a total investment of approximately Rs. 10,088 crore, financed through promoter equity from the three CPSUs and project debt (loan document signed March 13, 2020; India Ratings affirmed IND A+/Stable in November 2020). IHB's revenue model is a regulated, contracted-throughput franchise: LPG transportation tariffs are governed by Transportation Service Agreements with the promoter OMCs — TSAs with HPCL and BPCL were executed in July 2026 — replacing the existing road/rail logistics the promoters currently incur to move product from western-coast import points to inland bottling plants. Distribution is the pipeline itself, with a Noida headquarters (housed in the BPCL-NRO Building) and a central construction office in Ahmedabad overseeing build activity. GTM motion is B2B infrastructure sales with the three promoter shareholders themselves serving simultaneously as equity holders, TSA counterparties and ultimate off-takers.

IHB is presently in late-stage construction, evidenced by continuous six-monthly Environment & Forest compliance filings (most recent the 9th report for July–Dec 2025, published January 2026), tender notices for engineering and construction services, and the convocation of its 6th Annual General Meeting in September 2025. The lean 51–100-employee structure is concentrated on project execution and regulatory/governance functions rather than commercial deployment. The strategic intent, as stated by the promoters, is to operate as a single regulated pipeline infrastructure asset rather than a diversified energy platform, monetising its Common Carrier status through long-duration TSA cash flows once mechanical commissioning is complete.

IHB firmographics

Firmographics
Name
IHB
Legal name
IHB Limited
Website
https://ihbl.in
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
51–100 employees
Short description
IHB Limited is a joint venture of IOCL, BPCL and HPCL that builds, owns and operates the 2,805 km Kandla-Gorakhpur LPG Pipeline — authorised by PNGRB under the Common Carrier Category — to transport LPG from western-coast terminals to 22 bottling plants across Gujarat, Madhya Pradesh and Uttar Pradesh.
Ownership category
akta.pro rank

IHB industry classification

Industry
Product category
Oil & Gas Pipeline Infrastructure
NAICS
All Other Pipeline Transportation (48699), Other Pipeline Transportation (4869), Pipeline Transportation (486)
SIC
Pipe Lines (No Natural Gas) (4610)
akta.pro primary industry
NGL/LPG Trunkline / Transmission Pipelines (Interstate/Long-Haul) (TLAGAEAI)
akta.pro secondary industries
NGL/LPG Pipeline Pump/Compressor & Metering Stations Operations (TLAGAEAL), NGL/LPG Distribution / Local Delivery Pipelines (Terminal-to-Market) (TLAGAEAJ), NGL (Natural Gas Liquids) Pipeline Transportation (EUALADAC)

Keywords

  • LPG pipeline infrastructure
  • Petroleum pipeline transportation
  • Common carrier pipeline
  • Oil and gas logistics
  • LPG bottling distribution

Where IHB is headquartered

Location

Headquarters

HQ city
Noida
HQ country
India
HQ region
Asia

Offices2 records

Markets served

IHB business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Distribution channels1 record

Marketing channels3 records

IHB product offering

Product offering

Core offering

IHB Limited implements, operates, and manages the Kandla-Gorakhpur LPG Pipeline (KGPL), a 2,805 km pipeline that transports LPG from western coast import terminals (Kandla, Dahej, Pipavav) and refineries (Koyali, Bina) to bottling plants across Gujarat, Madhya Pradesh, and Uttar Pradesh. The pipeline has a capacity of 8.25 MMTPA, representing approximately 25% of India's total LPG demand, and is authorized by PNGRB under Common Carrier Category.

Product overview

IHB operates as a single-project infrastructure company focused on the Kandla-Gorakhpur LPG Pipeline (KGPL). The company was established as a joint venture by three Indian oil PSUs (IndianOil, BPCL, HPCL) in July 2019 to build, own, and operate this 2,805 km pipeline infrastructure. The pipeline is authorized by PNGRB under Common Carrier Category and is designed to transport LPG from western coastal import terminals and refineries to bottling plants across three states, replacing road/rail transportation. No additional products, modules, or platform offerings exist beyond this core pipeline infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

  • Kandla-Gorakhpur LPG Pipeline (KGPL) A 2,805 km LPG pipeline infrastructure project connecting western coast import terminals (Kandla, Dahej, Pipavav) and refineries (Koyali, Bina) to 22 LPG bottling plants directly and 21 bottling plants indirectly across Gujarat (1,076 km), Madhya Pradesh (621 km), and Uttar Pradesh (1,108 km). The pipeline is being constructed at an investment of Rs. 10,088 crore and authorized by PNGRB under Common Carrier Category, designed to replace road/rail LPG transportation with capacity of 8.25 MMTPA.

Quantifiable outcome

  • Rs. 10,088 crore investment in pipeline infrastructure
  • +3 more outcomes

Companies that use IHB

Customer profile

Segments3 records

Ideal customer profiles2 records

IHB technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

IHB partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

  • Indian Oil Corporation Limited (IOCL)coreStrategic or Co-development Partner · 3 June 2019One of the three promoter companies and joint venture partners. IOCL is India's largest oil company and a Central Public Sector Undertaking. Joint venture agreement signed on June 3, 2019 to form IHB Limited for implementing the Kandla-Gorakhpur LPG Pipeline Project.
  • Hindustan Petroleum Corporation Limited (HPCL)coreStrategic or Co-development Partner · 3 June 2019One of the three promoter companies and joint venture partners. HPCL executed Transportation Service Agreement with IHB in July 2026 for LPG transportation services.
  • Bharat Petroleum Corporation Limited (BPCL)coreStrategic or Co-development Partner · 3 June 2019One of the three promoter companies and joint venture partners. BPCL executed Transportation Service Agreement with IHB in July 2026. The NRO Building housing IHB's headquarters belongs to BPCL.
  • Petroleum and Natural Gas Regulatory Board (PNGRB)coreStrategic or Co-development Partner · 31 December 2018Regulatory body that authorized the Kandla-Gorakhpur LPG Pipeline under Common Carrier Category. PNGRB approval received December 31, 2018 and amended letter of authorization issued April 30, 2020.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

IHB competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

IHB social profiles

Digital presence

IHB financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IHB leadership team

Management profile

Number of profiles

Profiles3 records

IHB funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

IHB M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IHB

What does IHB do?

IHB Limited implements, operates, and manages the Kandla-Gorakhpur LPG Pipeline (KGPL), a 2,805 km pipeline that transports LPG from western coast import terminals (Kandla, Dahej, Pipavav) and refineries (Koyali, Bina) to bottling plants across Gujarat, Madhya Pradesh, and Uttar Pradesh. The pipeline has a capacity of 8.25 MMTPA, representing approximately 25% of India's total LPG demand, and is authorized by PNGRB under Common Carrier Category.

Is IHB a public or private company?

IHB is a private company. It is classified as corporate owned and is currently operating.

When was IHB founded?

IHB was founded in 2019. It employs 51 to 100 people.

Where is IHB based?

IHB is headquartered in Noida, India, in the Asia region.

Does IHB have an API?

No public API is recorded for IHB.

What industry is IHB in?

IHB's product category is Oil & Gas Pipeline Infrastructure. Its primary akta.pro industry code is TLAGAEAI, NGL/LPG Trunkline / Transmission Pipelines (Interstate/Long-Haul), with a secondary code of TLAGAEAL, NGL/LPG Pipeline Pump/Compressor & Metering Stations Operations. Its NAICS code is 48699 and its SIC code is 4610.

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