1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 1 WELCOME TO THE PRESENTATION ON PERFORMANCE OF INDRAPRASTHA GAS LIMITED NOV 05

2 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 2 Increase in Sales in Q2  CNG sales volume increased by 9.4% from Q1 FY’06 to Q2 FY’06  PNG sales volume increased by 15.9% from Q1 FY’06 to Q2 FY’06  Overall sales value increased by 17.5% from Q1 FY’06 to Q2 FY’06

3 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 3 Increase in Margin  Gross Profit increased by 19.9% from Q1 FY’06 to Q2 FY’06  Operating Profit increased by 23.0% from Q1 FY’06 to Q2 FY’06  Net Profit After Tax (PAT) increased by 33.5% from Q1 FY’06 to Q2 FY’06

4 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 4 Increase in Sales Q 2  CNG sales volume increased by 8.0% from Q2 FY’05 to Q2 FY’06  PNG sales volume increased by 82.9% from Q2 FY’05 to Q2 FY’06  Overall sales value increased by 18.5% from Q2 FY’05 to Q2 FY’06

5 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 5 Increase in Margin  Gross Profit increased by 15.1% from Q2 FY’05 to Q2 FY’06  Operating Profit increased by 15.3% from Q2 FY’05 to Q2 FY’06  Net Profit After Tax (PAT) increased by 28.7% from Q2 FY’05 to Q2 FY’06

6 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 6 Comparative Profit & Loss Account

7 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 7 Comparative Profit & Loss Account

8 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 8 Ratios

9 1 9 Ratios

10 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 10 GROWTH IN CNG SALES

11 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 11 CNG Sales Growth Lakhs Kgs per day * As on 1 st November’2005

12 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 12 Growth in CNG vehicle population Figures in Numbers * As on 1 st November’2005

13 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 13 Growth in Compression Installed Capacity Lakhs Kgs per day * As on 1 st November’2005

14 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 14 CNG Stations’ Growth Figures in Numbers * As on 1 st November’2005

15 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 15 Growth of CNG & PNG Sale Figures in MMSCM

16 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 16 Growth of CNG Vehicles Figures in numbers

17 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 17 Growth of CNG Vehicle Figures in numbers

18 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 18 CNG Station Network As on 1 st November 2005 Figures in numbers

19 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 19 Reduction in Measurement losses * As on 1 st November 2005

20 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 20 Growth of PNG users Figures in numbers

21 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 21 Capex Rupees in Million

22 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 22 ROCE & RONW Value in %

23 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 23 Payouts :Dividend Policy Dividend Policy provides liberal payout Track record Year% of equitypayout as % of NP FY FY FY

24 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 24 Shareholding pattern As on 30/09/05

25 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 25 Revenue Mix of IGL

26 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 26 Cost of CNG Vs Petrol & Diesel Operating Cost Rs. /KM CNG Petrol Rs Diesel

27 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 27 New Markets - growth IGL has been given the final NOC to participate in the development of infrastructure for marketing of CNG and PNG in the markets of Greater Noida and Ghaziabad. IGL has been given the final NOC to participate in the development of infrastructure for marketing of CNG and PNG in the markets of Greater Noida and Ghaziabad. We have also been invited to participate in Sonipat and Panipat markets. We have yet to do the DFR study. We have also been invited to participate in Sonipat and Panipat markets. We have yet to do the DFR study.

28 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 28 Growth Strategy of IGL Capitalize on the future regulatory initiatives for CNG business Improve penetration of PNG business :  Focus on area surrounding existing CNG infrastructure  Target large consumers (Residential complex, industrial estate)  Penetration of network at marginal capital outlay Tap industrial demand by supply of R-LNG at market driven price to industrial customers

29 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 29 Growth Strategy of IGL Recently We have signed MOU with BPCL for supply of R-LNG for our industrial customers. Recently We have signed MOU with BPCL for supply of R-LNG for our industrial customers. Supply of CNG to Railways : Pilot project successful Supply of CNG to Railways : Pilot project successful Created a platform wherein LCV can get financed from bankers on CNG kits Created a platform wherein LCV can get financed from bankers on CNG kits

30 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 30 Risks & Mitigations Gas Price Increase Gas Price Increase  Recent increase already passed on to customers  CNG price still remains competitive vis-à-vis petrol and diesel  Any future increase can also be dealt with in the same way Adverse Regulatory Intervention Adverse Regulatory Intervention  Unlikely in near future  May result in legal monopoly  May also be advantageous for expansion in neighbouring towns Availability of Gas Availability of Gas  Firm allocation from Govt. of India  New discoveries, LNG and Pipe Gas from Myanmar and Iran

31 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 31 DISCLAIMER: This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” “discussions” or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.

32 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 32 THANK YOU