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:   
|
|

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.

Indraprastha Gas 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.

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.

image

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 ...

Recommended for you

Quick Links

Market News

Jewellers expect good sales on 'Akhshaya Tritiya'

Investment experts are advising caution but with the price fall and easing of curbs, there's been a surge in gold imports last month and this, ...

Oil falls again as Saudi output remains near record high

Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude ...

Tamil Nadu jewellers line up attractive offers

This Akshaya Tritiya they are expecting much better sales than the last two years

Real's depreciation lends edge to Brazilian sugar export

Sugar exports from Brazil, the world's largest manufacturer and exporter of the commodity, is set to increase further

Today's picks- 20 April 2015

Nifty, Bank Nifty, Lupin, NMDC & Hero Motor

 

Back to Top