Shares of Indraprastha Gas Limited (IGL) gained nearly 2% on Wednesday after the company announced a significant international expansion plan through a partnership with Masah Construction Company for a natural gas project in Saudi Arabia. The collaboration marks IGL’s first major overseas venture, signalling a strategic push beyond its core Indian city gas distribution business.
IGL said it will work with Masah Construction Company to develop natural gas infrastructure in the Saudi market. While detailed project specifications have not yet been released, the move highlights the company’s intent to leverage its technical and operational expertise on a global scale.
The update comes against the backdrop of IGL’s recent financial performance. In Q3 2025, the company reported a consolidated total comprehensive income of ₹384.96 crore, down 15.1% from ₹453.38 crore last year. However, total gas volumes increased 3% YoY to 856.70 million SCM, while net revenue from operations rose 9% to ₹4,023.33 crore.
The Saudi Arabia partnership has been viewed as a potential new revenue stream for IGL at a time when profitability has moderated. Analysts believe the move may help diversify the company’s growth avenues and strengthen its long-term business profile.
