| Natural Gas Transmission Pipeline | Cross-country natural gas transportation services with 1,480 km pipeline including compressor and metering stations. | Exclusive rights on pipeline operation, regulatory tariff setting by PNGRB, and strategic route covering key gas markets. | B2B, mainly large industrials and energy producers like Reliance Industries partnering for capacity reservation. | Capacity reservation charges and long-term transportation contracts offer stable and high-margin income. | 3666 | 100 | Revenue primarily from long-term contractual capacity bookings (ship-or-pay) and usage fees under regulatory tariff. | Regulated fixed tariff per unit, contractually secured through framework and transaction transportation agreements. | Increasing natural gas demand, government energy transition policies, and expanded pipeline capacity bookings. | |
