City Gas Distribution

IGL is also expanding into renewable energy, with plans for solar power plants in Rajasthan, while pursuing backward integration through meter manufacturing

Partnership aims to aggregate demand and build an ecosystem for smart domestic PNG meters by bringing together CGD entities, manufacturers and technology providers

Eligible CGD companies will receive an additional 200 SCM of lower-priced domestic APM gas for every incremental billed PNG connection above the specified threshold

Mahanagar Gas says LPG supplies to housing societies with operational PNG infrastructure will stop after 90 days, urging residents to apply for piped gas connections

A reopening of the Strait of Hormuz and recovery in West Asian energy supplies could improve margins for oil marketers, gas distributors and LNG importers

Following the latest revision effective from 6 AM on May 26, the price of CNG in Delhi has increased to ₹83.09 per kg from ₹81.09 earlier

Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each

India adds over 3.1 lakh PNG connections in March as government extends drive to boost adoption amid LPG supply concerns and expand gas network coverage

The highway ministry has introduced a fast-track approval framework for CGD infrastructure, cutting timelines to boost PNG and CNG expansion amid LPG supply constraints

Government mandates shift to piped natural gas in connected areas, linking LPG supply to PNG adoption amid supply concerns and push for cleaner fuels

CGD companies may experience higher input gas prices, potential supply cuts and margin pressure amid regulatory and competitive constraints, according to Kotak Securities

The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted

The brokerage said INR depreciation of about 6% Y-o-Y in Q3 has weighed on margins of OMCs and CGD players, partly offsetting the benefit of softer crude oil prices.

According to Motilal Oswal Financial Services, the sector has also benefited from a series of regulatory and taxation reforms aimed at improving affordability and project viability

On the bourses, IGL share price rallied up to 5.54 per cent to an intraday high of ₹193.35 per share, while MGL share price rose up to 4.22 per cent to an intraday high of ₹1,159.25.

Since administered pricing mechanism (APM) and new well gas (NWG) prices are tied to global prices, which are tied to crude, this may be a positive

According to Nuvama, the outlook for OMCs is clouded by high capital expenditure commitments and rising under-recoveries, which are set to keep return ratios suppressed.

City gas distributors Indraprastha Gas and Mahanagar Gas may see a major earnings lift as Gujarat slashes VAT on gas to 2%. Analysts expect improved margins, profitability, and strong stock upside

Nomura said that the INR's depreciation remains a headwind for OMCs and CGDs, as their input costs are dollar-linked while revenues are in rupees.

Indraprastha Gas share price was trading 2.9 per cent higher at ₹217 per share against the previous close of ₹210.93 on the NSE