IndianOil - Adani Gas Pvt. Ltd.

Name

IndianOil - Adani Gas Pvt. Ltd.

Legal name

IndianOil-Adani Gas Pvt. Ltd.

Website

https://ioagpl.com

Company type

Private

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

City Gas Distribution

NAICS

Natural Gas Distribution (2212), Natural Gas Distribution (22121), Pipeline Transportation of Natural Gas (48621)

SIC

Natural Gas Transmisison & Distribution (4923), Natural Gas Distribution (4924)

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industry

CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK)

Keywords

• City gas distribution
• Pipeline natural gas
• Compressed natural gas
• Natural gas distribution
• CNG station network

Headquarters

HQ city

Noida (Gautam Buddh Nagar)

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. PNG Supply (Piped Natural Gas): Revenue from supplying natural gas through underground pipeline networks to residential, commercial, and industrial customers. Billing is done every fortnight based on meter readings taken by authorized IOAGPL staff.
2. CNG Sales: Revenue from selling Compressed Natural Gas at company-owned and dealer-operated CNG filling stations for vehicles including cars, autos, buses, and commercial fleets.
3. Annual Maintenance Charges: Annual maintenance charge of INR 500 charged to PNG customers for maintenance of metering and regulating equipment and pipeline connections.
4. Connection and Infrastructure Fees: Fees for new PNG connections including internal pipeline installation through approved contractors and metering & regulating skid (MRS) provision.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

IOAGPL distributes natural gas through an underground pipeline network as Piped Natural Gas (PNG) to residential, commercial, and industrial customers under PNGRB-authorized Geographic Areas, and dispenses Compressed Natural Gas (CNG) through a network of company-operated and dealer-operated filling stations for vehicular fuel. The company bills PNG customers fortnightly based on meter readings, charges an annual maintenance fee, and collects one-time connection and infrastructure charges for new installations.

Product overview

IndianOil-Adani Gas Pvt. Ltd. (IOAGPL) operates a City Gas Distribution (CGD) network as a joint venture between Indian Oil Corporation and Adani Total Gas. The company offers a portfolio of natural gas products centered on PNG (Piped Natural Gas) for residential, commercial, and industrial customers, and CNG (Compressed Natural Gas) for vehicle fuel. The core infrastructure consists of underground pipeline networks serving 19 Geographic Areas across India, complemented by 150+ CNG retail stations. Digital customer services include the Suvidha self-service portal, Insta Payments, CNG station locator, and savings calculator. The company also offers a DODO (Dealer-Owned-Dealer-Operated) franchise model for CNG station entrepreneurship.

Differentiator

Problem solved

Functional benefit

Brands

• Suvidha: Customer portal for bill viewing and payment services
• CNG DODO

Products and services

• Residential PNG Piped Natural Gas supplied through IOAGPL's underground pipeline network to individual households for cooking, water heating and domestic heating, with fortnightly billing based on IOAGPL meter readings and an annual maintenance charge.
• Commercial PNG Piped Natural Gas for commercial establishments such as restaurants, hotels, and hospitals, with metered supply, fortnightly billing, MRS supplied solely by IOAGPL per PNGRB rules, and pricing per the commercial tariff card.
• Industrial PNG High-volume Piped Natural Gas supply for manufacturing and industrial facilities requiring customized gas flow arrangements under Gas Sale Agreements, with MRS systems supplied solely by IOAGPL per PNGRB regulations.
• CNG (Compressed Natural Gas) Compressed Natural Gas sold per kilogram at IOAGPL's network of COCO and DODO filling stations for use as automotive fuel in cars, auto-rickshaws, buses and commercial fleets as an eco-friendly alternative to petrol and diesel.
• CNG DODO Dealership Dealership program enabling independent dealers to establish and operate CNG filling stations using IOAGPL's CNG supply, with applications processed through formal downloadable documentation across designated districts.
• Hydro Testing Service Pressure vessel safety testing service for CNG vehicle cylinders to confirm compliance with regulatory standards for in-vehicle CNG fuel tanks.

Quantifiable outcome

• CNG costs 50-60% less per kilometer than petrol
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core, flagship and standard.

• Indian Oil Corporation Limited (IOCL)coreStrategic or Co-development PartnerIOAGPL is a joint venture between Indian Oil Corporation Limited (a Maharatna Company of Government of India) and Adani Total Gas Limited. IOCL provides regulatory relationships, infrastructure access, and operational expertise in petroleum and natural gas distribution.
• Adani Total Gas Limited (ATGL)coreStrategic or Co-development PartnerIOAGPL is a joint venture between Indian Oil Corporation Limited and Adani Total Gas Limited, part of the Adani Group. ATGL contributes gas distribution expertise, market development capabilities, and operational efficiency from its CGD business experience.
• PaytmflagshipGTM or Marketing PartnerIOAGPL partnered with Paytm for a loyalty app launch and scheme integration. The partnership enables digital payment solutions and customer loyalty programs for CNG and PNG customers through the Paytm platform.
• Blue PlanetcoreStrategic or Co-development PartnerMOU signed between Blue Planet and IOAGPL for CBG (Compressed Biogas) sourcing. This partnership supports renewable gas supply to IOAGPL's CNG infrastructure and aligns with sustainability objectives.
• Jas Aluminium Industries Pvt LtdstandardChannel Partner/ Reseller/ DistributorGas Sale Agreement (GSA) signed for industrial PNG supply to Jas Aluminium Industries. IOAGPL supplies natural gas for the company's manufacturing operations.
• Ozkar AlloysstandardChannel Partner/ Reseller/ DistributorGas Sale Agreement signed for 1500 SCMD (Standard Cubic Meters per Day) industrial PNG supply to Ozkar Alloys for manufacturing operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gujarat Gas Limited: One of India's largest private CGD operators serving Gujarat and other states with PNG and CNG. Comparable to IOAGPL in PNGRB-authorized multi-GA distribution model, industrial/commercial PNG supply, and CNG retail operations.
• Torrent Gas Private Limited: Torrent Group's CGD arm operating PNG and CNG distribution across multiple states. Comparable to IOAGPL in multi-GA city gas distribution model, industrial/commercial PNG contracts, and CNG station rollout.
• Indraprastha Gas Limited (IGL): India's largest listed CGD company, supplying PNG and CNG across Delhi NCR. Directly comparable to IOAGPL in business model (PNG/CNG distribution under PNGRB authorization), regulatory framework, and customer segments, though operating in a higher-density metro geography.
• Bharat Petroleum Corporation (BPCL) CGD: BPCL's CGD operations across India through its subsidiaries supply PNG and CNG in PNGRB-authorized GAs. Directly comparable to IOAGPL in PSU-promoter structure (IOC for IOAGPL), regulatory positioning, and gas distribution economics.
• Mahanagar Gas Limited (MGL): Listed CGD player supplying PNG and CNG across Mumbai and surrounding areas. Operates the same PNGRB-regulated local distribution model with residential, commercial, and industrial PNG plus CNG station network, making it a structurally comparable peer to IOAGPL.
• Adani Total Gas Limited (ATGL): Listed parent/co-promoter of IOAGPL and India's largest private CGD player. Operates overlapping PNG and CNG distribution across dozens of GAs, sharing promoter DNA, governance practices, and operational playbook with IOAGPL.
• GAIL Gas Limited: Subsidiary of GAIL (India) operating CGD networks across multiple states including Uttar Pradesh, overlapping with IOAGPL's geographies. Directly comparable in PNGRB-authorized PNG/CNG distribution, though backed by a different PSU promoter.
• Hindustan Petroleum Gas (HP Gas) - HPCL CGD: HPCL's CGD subsidiary operating PNG and CNG distribution across India under PNGRB authorization. Comparable to IOAGPL in PSU-backed CGD model, multi-GA footprint, and end-user segments, with overlapping Indian gas distribution operations.

Others

• Supreme Industries / Time Technoplast (CNG cascade/infrastructure suppliers): Suppliers of CNG cylinders, cascades, and piping infrastructure used by CGD operators including IOAGPL. Adjacent ecosystem participant enabling IOAGPL's CNG station rollout rather than a direct competitor, but indicative of the broader CGD infrastructure value chain.

Broad incumbents

• Indian Oil Corporation Limited (IOCL): Maharatna PSU and 50% parent of IOAGPL, operating refineries, pipelines, and LPG marketing across India. While not a pure CGD peer, IOCL shapes IOAGPL's gas sourcing economics, regulatory access, and competes indirectly through its other CGD JVs (e.g., with Gail).

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ioagpl

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about IndianOil - Adani Gas Pvt. Ltd.