| City Gas Distribution (CGD) | Distribution of natural gas via CNG stations and piped PNG connections serving industrial, commercial, domestic and automobile sectors. | Regulated business with long-term licenses, low competition in regions, strong infrastructure, and secured supply contracts. | B2B (industrial, commercial), B2C (domestic households), and transport sector (public/private vehicles). | PNG domestic and industrial segments with stable recurring demand; CNG stations with efficient ramp-up. | 1056 | 100 | Revenue from sale of natural gas, franchise fees from dealer operated stations, and service charges on connections. | Regulated tariffs with predictable, recurring revenues based on consumption volumes and long-term contracts. | Infrastructure expansion, increasing CNG adoption, more PNG connections, and regulatory support for cleaner fuel use. | |
