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Indraprastha Gas trades higher on the bourses

04 Jun 2012 Evaluate

Indraprastha Gas is currently trading at Rs. 253.00, up by 3.65 points or 1.46% from its previous closing of Rs. 249.35 on the BSE.

The scrip opened at Rs. 251.35 and has touched a high and low of Rs. 265.00 and Rs. 248.00 respectively. So far 7,93,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 453.25 on 07-Sep-2011 and a 52 week low of Rs. 170.00 on 10-Apr-2012.

Last one week high and low of the scrip stood at Rs. 270.95 and Rs. 192.50 respectively. The current market cap of the company is Rs. 3,542.00 crore.

The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 39.76% and 15.24% respectively.

Indraprastha Gas (IGL) won its fight against the government regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), as Delhi High Court ruled in favour of the former, raising questions on the regulator’s jurisdiction and role in the downstream gas market. The verdict in favour of the company only implies that the monopoly supplier of compressed natural gas in Delhi/NCR, could now decide on the market price of compressed (CNG) and piped natural gas (PNG).

Delhi High court via its order dated June 01, 2012, quashed Petroleum & Natural Gas Regulatory Board (PNGRB)’s April 9 order, where in the regulator had not only slashed the tariff rates of supplier by 63% with retrospective effect from April 1, 2008 but had also ordered IGL to refund extra money, charged by it, to customers since 2008. The regulatory board, vide its order, fixed IGL's pipeline network transportation tariff at Rs 38.58 per million metric British thermal unit (mmBtu) as against Rs 104.05 per mmBtu proposed by IGL.

IGL then approached the court over the constitutionality and legality of the powers of PNGRB to fix network tariffs, only to emerge victorious.

Indraprastha Gas Share Price

169.25 3.15 (1.90%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.80
Gujarat Gas 362.60
Indraprastha Gas 169.25
Mahanagar Gas 1125.45
Adani Total Gas 632.90
View more..

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