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Indraprastha Gas trades higher on raising CNG and PNG prices

10 Sep 2013 Evaluate

Indraprastha Gas is currently trading at Rs. 266.30, up by 4.70 points or 1.80% from its previous closing of Rs. 261.60 on the BSE.

The scrip opened at Rs. 273.00 and has touched a high and low of Rs. 274.95 and Rs. 265.50 respectively. So far 29019 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.50 on 09-May-2013 and a 52 week low of Rs. 236.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 264.00 and Rs. 252.30 respectively. The current market cap of the company is Rs. 3724.00 crore.

The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 39.20% and 15.80% respectively.

Indraprastha Gas (IGL) has increased prices of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad on September 7, 2013. Post price hike, the prices of CNG increased to Rs 45.60 per kg in Delhi and Rs 51.55 per kg in Noida, Greater Noida and Ghaziabad each.

The company has raised the prices because of recent weakening of rupee against dollar. Meanwhile, the new consumer price of PNG to the households in Delhi is also being revised from Rs 24.50 per standard cubic meters (scm) to Rs 27.50 per scm up to consumption of 30 scm in two months with effect from September 8. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs 47.50 per scm.

Indraprastha Gas, incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi. In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). 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.

Indraprastha Gas Share Price

168.85 1.60 (0.96%)
22-Apr-2026 14:38 View Price Chart
Peers
Company Name CMP
GAIL India 166.25
Gujarat Gas 381.40
Indraprastha Gas 168.85
Mahanagar Gas 1146.05
Adani Total Gas 627.00
View more..

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