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.

Related News

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

has filed a Special Leave Petition (a copy of which has been received by the company) in the Hon'ble 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

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Lead up 0.2% on spot demand, short-covering

Market analysts said besides better demand in spot market, covering-up of short positions by speculators, supported the upside

Gold down 0.1% on weak global cues, low spot demand

The December delivery moved down by 0.09%

Crude oil down 0.7% on weak Asian cues

The December delivery moved down by 0.69%

Back to Top