Indraprastha Gas Limited is not a completely government-owned entity, but rather a structured public sector-backed joint venture. It was established through a partnership involving prominent state-owned enterprises, with GAIL (India) Limited and Bharat Petroleum Corporation Limited each holding significant equity stakes of 22.5 percent, alongside participation from the Government of the National Capital Territory of Delhi. While it operates under public sector oversight and fulfills critical utility infrastructure mandates, its shares are publicly traded on major Indian stock exchanges like the Bombay Stock Exchange and the National Stock Exchange.