Indraprastha Gas rose 1.04% to Rs 268.10 at 10:45 IST on BSE after a bulk deal of 10 lakh shares was executed on the scrip at Rs 265.15 per share at 09:28 IST on BSE. Meanwhile, the S&P BSE Sensex was up 62.04 points, or 0.18% to 35,261.84 Bulk deal
Indraprastha Gas, India’s biggest city gas retailer, is looking at setting up CNG dispensing stations within residential housing complexes to ease queues at CNG pumps, its Managing Director E S Ranganathan said.
Indraprastha Gas, India’s biggest city gas retailer, plans to add a record 60 CNG dispensing stations and give piped cooking gas connections to at least 2 lakh households this fiscal as it steps up efforts to achieve the government’s target of a gas-based economy.
Strong volume growth led to a decent showing by Indraprastha Gas (IGL) and GAIL India (GAIL) during Q1 FY19. While both companies reported strong volume and topline growth, IGL saw slight margin pressure with changing product mix.
India’s push for cleaner fuels will not just trigger an electric car boom. It will also drive consumption of natural gas as the nation weans car owners away from polluting fuels like petrol and diesel, among the largest contributors to Asia’s third-largest economy’s import bill.
State-run Indraprastha Gas Limited (IGL), supplying natural gas in the NCR, on Thursday posted a 17 per cent jump in net profit for the second quarter ending September at Rs 168.61 crore on the back of increased sales.
Indraprastha Gas (IGL), Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licences to distribute gas in one city each in the latest round of auction, according to people with direct knowledge of the matter.
Indraprastha Gas (IGL), Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licenses to distribute gas in one city each in the latest round of auction, according to people with direct knowledge of the matter.
The news of Indraprastha Gas (IGL) getting a go ahead from the Haryana government to operate its city gas distribution (CGD) network in Gurugram led to more gains on the bourses.
Seven oil and gas firms are expected to report a 17 percent decline in revenue in the quarter-ended June over the previous three months. Net profit is expected to remain flat, while earnings before interest, depreciation and amortisation may rise 27 percent, according to Bloomberg consensus estimates.