Greengas Ltd

What Greengas Ltd does

Green Gas Limited (GGL) is a 50-50 joint venture between GAIL (India) Ltd. and Indian Oil Corporation Ltd. (IOCL), incorporated on October 7, 2005, and headquartered in Lucknow, Uttar Pradesh. GGL operates in City Gas Distribution (CGD), supplying Piped Natural Gas (PNG) to domestic, commercial, and industrial customers, and Compressed Natural Gas (CNG) to automotive consumers across five authorized Geographical Areas: Lucknow, Agra, Ayodhya, Sultanpur, and Unnao. As of the latest available data, GGL operates 83 CNG stations and serves 218,615 domestic PNG connections, with a stated 100% PNG demand fulfillment record.

GGL's product portfolio comprises domestic, commercial, and industrial PNG; automotive CNG; and Compressed Biogas (CBG), the latter reflecting entry into renewable fuels. The company maintains ISO 14001:2015 (environmental), ISO 9001:2015 (quality), and OHSAS 18001:2007 (occupational health and safety) certifications. Customer-facing digital infrastructure includes the GGL Engage mobile application, a customer web portal, and a Bill Watch System for billing and service management, alongside GIS-based network asset mapping for operational planning.

The business model is anchored on PNGRB-granted exclusive CGD franchises, generating revenue through regulated volume-based PNG tariffs (per standard cubic meter) across customer segments and CNG dispensing margins at retail stations. Distribution is conducted through the company-owned CNG station network and the in-house piped PNG infrastructure connecting industrial, commercial, and domestic consumers. The company's commercial strategy emphasizes customer acquisition, with a stated target of adding 6,000 new domestic PNG connections per month in Lucknow.

Name

Greengas Ltd

Legal name

Green Gas Limited

Website

https://gglonline.net

Company type

Private

Founded year

2005

Operating status

Operating

Short description

Green Gas Limited is a 50-50 joint venture between GAIL (India) and Indian Oil Corporation (IOCL) operating City Gas Distribution across five Uttar Pradesh Geographical Areas, supplying domestic, commercial, and industrial PNG and automotive CNG to over 218,000 households via 83 CNG stations.

Ownership category

akta.pro rank

Product category

City Gas Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (2212)

SIC

Natural Gas Distribution (4924), Gas & Other Services Combined (4932)

akta.pro primary industry

Natural Gas Retail Supply (Residential & SMB) (EUAGAGAD)

akta.pro secondary industries

Residential Natural Gas Sales & Customer Growth (EUAAADAD), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

Keywords

• City gas distribution
• Piped natural gas
• Compressed natural gas
• Natural gas distribution
• Industrial gas supply

Headquarters

HQ city

Lucknow

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. PNG Domestic Connections: Revenue from piped natural gas connections and supply to domestic households. GGL serves 218,615 domestic connections across its operational areas.
2. PNG Commercial and Industrial: Revenue from piped natural gas supply to commercial establishments and industrial consumers
3. CNG Automotive Fuel: Revenue from compressed natural gas sales to vehicle owners through 83 CNG stations across operational areas

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Green Gas Limited distributes natural gas as PNG (Piped Natural Gas) to domestic, commercial, and industrial customers and as CNG (Compressed Natural Gas) to automotive/transport customers through its PNGRB-authorized City Gas Distribution network spanning five Geographical Areas in Uttar Pradesh (Lucknow, Agra, Ayodhya, Sultanpur, and Unnao). It also offers Compressed Biogas (CBG) as an emerging renewable fuel product, supported by the GGL Engage app and customer web portal for billing and self-service.

Product overview

Green Gas Limited operates a City Gas Distribution (CGD) network offering multiple fuel products: PNG (Piped Natural Gas) for domestic households, commercial establishments, and industrial users; CNG (Compressed Natural Gas) for automotive/transport sector; and CBG (Compressed Biogas) as an eco-friendly alternative. The company supports these core services with digital platforms including the GGL Engage Consumer App, Customer Web Portal, and Bill Watch System for suppliers and contractors. The company serves geographical areas including Lucknow, Agra, Ayodhya, Sultanpur, and Unnao in Uttar Pradesh.

Differentiator

Problem solved

Functional benefit

Brands

• GGL Engage: Customer portal and mobile application for PNG customers to access billing, payment, and services.

Products and services

• PNG (Piped Natural Gas) - Domestic Piped Natural Gas distribution service for household/domestic consumers, supplying gas directly through pipeline infrastructure to residential customers for cooking, water heating, and space heating across GGL's five Geographical Areas in Uttar Pradesh.
• PNG (Piped Natural Gas) - Commercial Piped Natural Gas supply service for commercial establishments including restaurants, hotels, hospitals, and businesses within GGL's authorized Geographical Areas in Uttar Pradesh.
• PNG (Piped Natural Gas) - Industrial Piped Natural Gas supply service for industrial customers and manufacturing facilities, providing natural gas for process heat, power generation, and production operations across GGL's authorized areas.
• CNG (Compressed Natural Gas) for Automotive Compressed Natural Gas refueling service for vehicles, including the CNG station network (mother stations, daughter booster stations, and DODO stations) and CNG conversion services for petrol/diesel vehicles, serving cars, buses, and auto-rickshaws in Uttar Pradesh.
• CBG (Compressed Biogas)

Quantifiable outcome

• 100% PNG demand fulfillment in operational areas

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• GAIL (India) Ltd.coreStrategic or Co-development Partner · 7 October 2005GAIL (India) Ltd. is a Joint Venture partner with Indian Oil Corporation in Green Gas Limited. GGL was incorporated on 7th October 2005 as a limited company under the Companies Act, 1956 with the objective of taking up City Gas Distribution. GAIL provides gas transmission expertise and infrastructure.
• Indian Oil Corporation Ltd. (IOCL)coreStrategic or Co-development Partner · 7 October 2005Indian Oil Corporation Ltd. is a Joint Venture partner with GAIL (India) in Green Gas Limited. GGL was incorporated on 7th October 2005 with IOCL providing oil marketing distribution expertise and network.
• Petroleum and Natural Gas Regulatory Board (PNGRB)coreOthersPNGRB is the regulatory authority that authorized GGL for CGD network operations. GGL was initially authorized for CGD network in Lucknow and Agra and later authorized for Faizabad (Ayodhya), Sultanpur, and Unnao districts in the 9th round of CGD Bidding.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Indraprastha Gas Limited (IGL): IGL is the largest listed CGD operator in India serving Delhi-NCR with PNG and CNG; it is the benchmark for unit economics, network scale, and customer-acquisition metrics against which GGL is directly compared by investors.
• Adani Total Gas Limited (ATGL): ATGL is a pan-India CGD operator (Adani-TotalEnergies JV) authorized across ~38+ GAs and is the principal competitor to GGL in PNGRB bidding rounds and in expanding CNG/PNG footprints in northern India.
• Gujarat Gas Limited: Gujarat Gas is India's largest CGD operator by volume, serving multiple GAs in Gujarat with PNG, CNG, and industrial gas supply — a relevant scale and multi-GA benchmark for GGL's expansion trajectory.

Others

• GAIL (India) Limited: GAIL is GGL's 50% parent and India's largest natural gas transmission and marketing company — comparable as the upstream gas sourcing and pipeline infrastructure counterparty that defines GGL's supply economics.
• Indian Oil Corporation Limited (IOCL): IOCL is GGL's other 50% parent and India's largest fuel retailer — comparable as the JV partner providing oil-marketing distribution expertise and a parallel CNG/PNG retail play against which GGL's operational efficiency is benchmarked.

Direct peers

• Bhagyanagar Gas Limited (BGL): BGL is a GAIL-IOCL-HPCL joint venture operating CGD in Telangana/AP — same promoter set as GGL, with identical dual-product model serving domestic, commercial, industrial, and automotive customers under PNGRB authorization.
• Mahanagar Gas Limited (MGL): MGL operates the Mumbai CGD network distributing PNG and CNG across a single large metropolitan geography — directly comparable operating model, regulatory framework, and product mix to GGL's urban-GA strategy.
• Central U.P. Gas Limited (CUGL): CUGL is a GAIL-IOCL-affiliated CGD operator serving Kanpur, Bareilly, and other Uttar Pradesh districts — directly comparable to GGL on geography, regulatory regime, customer segments, and product mix (PNG + CNG).
• Sabarmati Gas Limited: Sabarmati Gas is also a joint venture between GAIL (India) and Indian Oil Corporation, operating CGD networks in Gujarat — the same JV structure as GGL with identical parent backing, regulatory authorization model, and PNG/CNG dual-product offering.
• Haryana City Gas Distribution (HCGDL): HCGDL is a GAIL-IOCL-BPCL joint venture operating CGD in Haryana with the same JV parent structure and regulatory authorization as GGL, making it a directly comparable northern-India CGD peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/green-gas-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Greengas Ltd