Indraprastha Gas is currently trading at Rs. 270.50, up by 4.55 points or 1.71% from its previous closing of Rs. 265.95 on the BSE.
The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 276.00 and Rs. 270.10 respectively. So far 66878 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. 276.00 and Rs. 263.00 respectively. The current market cap of the company is Rs. 3808.00 crore.
The promoters holding in the company stood at 45.00% while Institutions and Non-Institutions held 38.83% and 16.17% respectively.
Indraprastha Gas (IGL) has increased prices of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi, Noida, Greater Noida and Ghaziabad by almost 10% on December 26, 2013. Post price hike, the prices of CNG increased to a record high of Rs 50.10 per kg in Delhi and Rs 56.70 per kg in satellite towns of Noida, Greater Noida and Ghaziabad, up from Rs 45.6 and Rs 51.55, respectively.
The company has also raised consumer prices of piped natural gas (PNG) to Rs 29.50 per standard cubic metre (scm) from Rs 27.50 per scm in Delhi. If a household consumes more than 30 scm of piped cooking gas in two months, then every extra unit would be at Rs 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of PNG to households in Noida, Greater Noida and Ghaziabad would be Rs 29 per scm.
Last month, petroleum ministry cancelled existing allocation of domestic gas for all city gas distribution entities. It directed Gail to ensure uniformity in supply of domestic gas across all entities distributing compressed natural gas and piped natural gas.
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.
| Company Name | CMP |
|---|---|
| Gujarat Gas | 551.80 |
| Indraprastha Gas | 461.70 |
| Mahanagar Gas | 1444.75 |
| Adani Total Gas | 920.00 |
| Guj. State Petronet | 300.10 |
| View more.. | |
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