A fast-read primer on India's gas sector — the backdrop against which we benchmark every company's cost structure in this category.
Natural gas consumption is on a clear growth path, and its share of India's energy mix is set to more than double.
Current → 2030 target
FY24 → FY25
Rising demand, expanding infrastructure, and a clear policy target define the sector.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Gas companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of net revenue. No company is named here.
Ranked from biggest to smallest.
Keeping pipelines, plants, and distribution networks running is where most of the money goes — repairs and maintenance, general overheads, and moving gas to customers together account for most of the typical spend.
This sector code covers very different businesses — retail gas distributors, terminal and logistics operators, and large exploration companies — so the spread between companies reflects different business models more than efficiency.
We use each company's own standalone financial records — not group numbers, not each company's own labels. Every cost line is read by hand and placed into one common set of categories, so every company is compared the same way.
This is the free, sector-wide view. It tells you where Gas stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.