Business Standard

IGL dips as PNGRB files Special Leave Petition in Supreme Court

in April 2012, PNGRB directed IGL to reduce its selling prices and refund the difference in the two tariffs with immediate effect.

Read more on:    Pngrb | Indraprastha Gas | Supreme Court
Related News

Ltd (IGL) is trading lower by 3% at Rs 227 after the company said that Petroleum & Natural Gas Regulatory Board () has filed a Special Leave Petition in .

“PNGRB has filed a Special Leave Petition (a copy of which has been received by the company) in the Hon'ble Supreme Court against the order dated June 01, 2012 passed by Hon'ble Delhi High Court,” IGL said in a filing to the stock exchanges.

It may be mentioned that Hon'ble Delhi High Court vide its order dated June 01, 2012 had quashed the PNGRB order dated April 09, 2012, it added.

Earlier, in April 2012, PNGRB directed IGL to reduce its selling prices and refund the difference in the two tariffs with immediate effect.

The stock IGL opened at Rs 233 and hit a low of Rs 210 after the announcement on the National Stock Exchange. A combined 2.33 million shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Icra places 14 auto component makers under watch

Rating agency Icra today placed 14 auto component manufacturers on "rating watch with developing implications", following lockout at Maruti Suzuki's ...

Quick Links

 

Market News

Mentha oil up 0.4% on pick-up in demand

Oil for April contract traded higher by 0.45%

Zinc up 0.4% on spot demand, global cues

Metal for delivery in May traded higher by 0.43%

Nickel up 1% on global cues

Rising demand from alloy-makers in the spot markets also supported the upside

On buzz of merger with HDFC Bank: JM Financial stock soars

Analysts say uptick in J M stock indicates market has some knowledge of deal possibly cooking between two companies

Investors shy away from gold ETFs

Huge closure of accounts, net outflow of Rs 2,300 cr recorded in FY14

Back to Top