Indraprastha Gas advances on hiking selling prices of CNG, PNG

26 Jul 2017

Indraprastha Gas is currently trading at Rs. 1130.55, up by 3.45 points or 0.31% from its previous closing of Rs. 1127.10 on the BSE.

The scrip opened at Rs. 1136.10 and has touched a high and low of Rs. 1140.95 and Rs. 1127.50 respectively. So far 7,321 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.70 on 17-Jul-2017 and a 52 week low of Rs. 617.00 on 26-Jul-2016.

Last one week high and low of the scrip stood at Rs. 1148.20 and Rs. 1116.10 respectively. The current market cap of the company is Rs. 15,827.00 crore.

The promoters holding in the company stood at 45.00%, while Institutions and Non-Institutions held 43.39% and 11.61% respectively.

Indraprastha Gas (IGL) has revised the selling prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in NCT of Delhi, Noida, Greater Noida and Ghaziabad. This step has been taken by the company in order to offset the overall impact on its costs after transition to GST regime.

The revision would result in an increase of Rs 1.11 per kg in the consumer price of CNG in Delhi and Rs 1.27 per kg in the same in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs 38.76 per kg in Delhi and Rs 44.42 per kg in Noida, Greater Noida & Ghaziabad would be effective from midnight of July 25, 2017. For households, the company revised the PNG price from Rs 24.86 per standard cubic meter (scm) to Rs 25.19 per scm in Delhi.

IGL is engaged in distribution of CNG and PNG in Delhi. IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.

Related Indraprastha Gas Ltd. Links:

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