Shares of city gas distribution companies (CGD) such as Indraprastha Gas (IGL), Mahanagar Gas (MGL) and Gujarat Gas have rallied by up to 6% on the BSE in intra-day trade in an otherwise subdued market.
Consequent upon recent notification of Govt. of India increasing the prices of domestically produced natural gas, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd., BPCL and Government of NCT of Delhi on Monday announced revision in the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida, Ghaziabad and Rewari from tonight.
Indraprastha Gas Ltd will invest Rs 600 crore this fiscal to expand operations, including starting CNG and piped cooking gas retailing in three cities of Haryana.
The results for the eighth round of city gas distribution bidding for Karnal, Kurukshetra, Ambala and South Goa were disclosed during the week. Organized development of network through bids and government’s initiatives to promote cleaner fuels has facilitated rapid expansion of city gas distribution in Indian cities in the last decade.
CNG price to increase by Rs 3.52/kg due to increase in VAT in UP
Citing an increase in VAT in Uttar Pradesh on natural gas, which is used as input for CNG, Indraprastha Gas Limited (IGL), a joint venture of GAIL (India) Ltd.
The oil & gas sector remained a bright spot in an otherwise subdued quarter for the overall market, reporting 3% y-o-y PAT growth (ex-OMCs) versus 4% decline for NIFTY.
Indraprastha Gas Ltd (IGL) is expecting a revenue of Rs 150 crore annually from its planned city gas services in Gurgaon for which it has just received license from the Haryana government, its managing director has said.
Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the first quarter of FY’18, while continuing the growth momentum.
Indraprastha Gas Ltd (IGL), the sole retailer of CNG and piped natural gas in national capital region, today said it has started a pilot project to run diesel generators on gas in residential complexes with a view to cut pollution levels.
Indraprastha Gas Limited (IGL), The supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi, Noida and Greater Noida said in Wednesday that it has received permission from the state government of Haryana to lay City Gas Distribution (CGD) network in a part of Distt. Gurugram.