Annual Reports - Indraprastha Gas Limited

Smt Pratibha Devi Singh Patil, Hon’ble President of India gets a briefing on the progress of PNG project in the
Presidential Estate residential quarters.
to convert to CNG mode. In view of the expected growth in
demand, the Company has drawn up an ambitious plan to
augment its infrastructure by adding 22 new CNG stations in
2009-10.
Your Company has planned a large-scale expansion in PNG
segment. A capital expenditure of Rs. 1325 million has been
earmarked for augmenting infrastructure in the existing areas
as well as for expansion in new areas of Delhi during the
financial year 2009-10. The Company has plans to provide
new PNG connections to over 50,000 domestic households.
EXPANSION PROJECTS IN NATIONAL CAPITAL
REGION (NCR)
The Company has planned capital investment of Rs. 2032
million for expansion in the NCR towns of Noida, Greater
Noida & Ghaziabad.
The Company plans to add four online CNG Stations in Noida
and two online CNG stations in Greater Noida during the
year 2009-10.
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The Company plans to expand its PNG network at a fast pace
in Noida and Greater Noida during the year.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to the provisions of Section 217(2AA) of the
Companies Act, 1956, your Directors hereby confirm that:
i) in the preparation of Annual Accounts for the financial
year ended March 31, 2009, the applicable accounting
standards have been followed;
ii) they have selected such accounting policies and applied
them consistently except where otherwise stated in the
Notes to Accounts and made judgments and estimates
that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the
end of the financial year and of the profit of the Company
for the year under review;
iii) they have taken proper and sufficient care for the
maintenance of adequate accounting records in
accordance with the provisions of the Companies Act,