Indraprastha Gas Limited (NSEI:IGL) will look for acquisitions. Indraprastha Gas may look at acquisitions in the renewable energy space, particularly solar power, along with its core focus on city gas distribution, biogas and liquefied natural gas (LNG), said its Managing Director Kamal Kishore Chatiwal. He noted that acquisition of solar assets would help make the company net zero.

"Capex will remain in the same range INR 15 billion - INR 16. billion in (FY25). If an opportunity comes for acquisition either in renewables, city gas distribution (CGD) space or any other, then we have the cash," he said, however, adding that there is no proposal available currently.

City gas distribution (CGD), biogas and LNG will remain the core focus of investment plans. "We are also looking for renewables, solar. It will also be helpful for our internal net zero plans," he said.