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Open324.8
High331.75
Low311.65
Prev. Close320.5
Avg. Traded Price320.15
Volume30,42,948

MARKET DEPTH

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Total bid3044.00
Total ask0.00
OrdersQtyBid
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HIGH/LOW

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LOW/HIGH

311.6512 hours ago
331.757 hours ago
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LOWER/UPPER CIRCUITS

287.40
351.20
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Irm Energy Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 10.45%, in the last year to ₹1,009.88 Cr. Its sector's average revenue growth for the last fiscal year was 7.49%.
noteQuarterly Revenue,rose 5.7% YoY to ₹271.37 Cr. Its sector's average revenue growth YoY for the quarter was 3.74%.
noteQuarterly Net profit,rose 38.42% YoY to ₹13.98 Cr. Its sector's average net profit growth YoY for the quarter was 20.68%.
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About IRM Energy Limited

IRM Energy Limited (IRMEL) is an integrated, value-driven energy enterprise focused on developing and operating city gas distribution (CGD) networks across India. The company serves industrial, commercial, domestic and automobile users with Piped Natural Gas (PNG) and Compressed Natural Gas (CNG). A group company of Cadila Pharmaceuticals, IRM Energy operates in Gujarat, Punjab, Tamil Nadu and the Union Territory of Dadra & Nagar Haveli and Daman & Diu, with operations entirely within India and no export contribution to turnover. As on March 31, 2025, the company’s network comprised 111 CNG stations (including 2 L-CNG), 5 City Gate Stations and 7 stores, supported by a steel and MDPE pipeline network of 5,671 inch-km and a customer base of 75,005 domestic PNG connections, 214 industrial units and 412 commercial users.

 

Incorporated in 2015, IRM Energy has expanded through authorisations and project commissioning across its Geographical Areas (GAs), guided by its mandate to provide reliable gas access for mobility and PNG consumption across user categories. The company has one subsidiary, along with strategic interests in one joint venture and two associates, supporting distribution capabilities and ancillary activities across the gas ecosystem.

Key Milestones

  • Incorporated in December 2015; commenced operations in July 2017. 
  • Received authorisations for Banaskantha and Fatehgarh Sahib (July 2016), Diu & Gir Somnath (September 2018), and Namakkal & Tiruchirappalli (March 2022). 
  • Completed MWP targets at Banaskantha (October 2021) and Fatehgarh Sahib (June 2023). 
  • Successful IPO and listing on both stock exchanges (October 2023); commissioned CGS and Mother Station in Namakkal and Tiruchirappalli (December 2023); inaugurated its 100th CNG station in December 2023. 

IRM Energy Limited Business Segments
The Annual Report does not provide a percentage-wise revenue breakdown by segment or domestic vs. international operations. The company reports a single operating segment.]

IRM Energy Limited Key Management

  • Dr. Rajiv I. Modi – Chairman 
  • Manoj Kumar Sharma – Chief Executive Officer 
  • Harshal Anjaria – Chief Financial Officer 
  • Akshit Soni – Company Secretary & Compliance Officer 
  • Amitabha Banerjee – Whole-time Director 

Latest Updates on IRM Energy Limited
IRM Energy recorded steady operational progress in FY2025, adding 29 new CNG stations and laying over 475 kilometres of pipeline. Total gas volume reached 208.39 mmscm, with notable engineering achievements such as a creek-crossing pipeline in Diu and vertical hot-tapping in Banaskantha, reflecting strong technical execution. The company’s CNG network grew to 111 stations, while its PNG portfolio expanded to over 75,000 domestic households, 214 industrial, and 412 commercial customers.

 

To reinforce supply security amid tighter APM allocations, IRM Energy executed long-term RLNG agreements with Shell India and Gujarat State Petroleum Corporation, and entered into a long-term LNG supply arrangement with Indian Oil Corporation Limited. The company also leveraged NWG allocations from GAIL and secured HPHT gas under the priority sector to ensure uninterrupted supply. Operational flexibility improved on June 4, 2025, when the first LNG tanker was loaded from the HPLNG terminal at Chhara for the Veraval L-CNG station, complementing procurement from PLL, Dahej, and reducing logistics costs through diversified sourcing.

 

IRM Energy advanced its green gas strategy by signing tripartite agreements under the CBG–CGD Synchronization Scheme: with IAV Biogas Pvt. Ltd. and GAIL for Namakkal & Tiruchirappalli on April 17, 2025 (first dispatch in June 2025), and with Cities Innovative Biofuel Pvt. Ltd. and GAIL for Fatehgarh Sahib on April 22, 2025. The company continued digitalisation and network monitoring through SCADA, GIS and AMR, and completed decantation of 800 LNG tankers at Veraval L-CNG, including 331 during FY2024–25. It also conducted an Offsite Emergency Mock Drill on January 30, 2025, highlighting its commitment to operational preparedness and safety. Capital expenditure in FY2025 totalled Rs 129.36 crore, supporting infrastructure roll-out across its GAs.

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Frequently Asked Questions

IRM Energy develops and operates city gas distribution networks, supplying PNG to households, industries, and commercial users, and CNG for transport across its authorised GAs.

The company operates in Gujarat, Punjab, Tamil Nadu, and the Union Territory of Dadra & Nagar Haveli and Daman & Diu. As on March 31, 2025, IRM Energy had 111 CNG stations and 5 City Gate Stations across these regions.

IRM Energy added 29 CNG stations, laid over 475 kilometres of pipeline, and achieved a total gas volume of 208.39 mmscm. It also secured long-term RLNG supply arrangements and initiated CBG offtake under tripartite agreements in April 2025, strengthening supply diversity and green gas sourcing.

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