Cgd

Govt directs PNG rollout to schools, colleges within 5 days amid LPG crisis

Amid LPG shortages, the government has asked CGD firms to provide PNG connections to schools, colleges, and community kitchens within five days where pipeline infrastructure exists

West Asia disruptions to impact daily CGD sales volumes by 8-10%: CRISIL

Ongoing Middle East conflict may reduce India's city gas distribution sales volumes by 8-10 per cent due to LNG supply disruptions, though price pass-through may cushion margins

New gas order 2026: Nomura decodes impact on MGL, IGL, Gujarat Gas, GAIL

Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura

CGD stocks: IGL hits 52-week low, MGL tanks 9% on supply disruption fears

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

Motilal Oswal flags macro risks in oil & gas; HPCL, GAIL, MGL top picks

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.

India's natural gas consumption seen rising 3-4% in FY27 on demand: Icra

After moderating in FY26, India's gas demand is expected to rebound in FY27 on higher industrial offtake and city gas distribution expansion, aided by softer LNG prices

Indraprastha Gas jumps 6% as Nomura upgrades stock on easing gas prices

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.

Mahanagar Gas top pick among CGDs, Gujarat Gas least preferred: Nomura

Nomura has maintained a 'Reduce' rating on Gujarat Gas Ltd (GGL), citing intense competition in the I&C space, subdued volume growth prospects, and constrained pricing power.

Mahanagar Gas shares plunge over 6% after APM gas allocation cut

Mahanagar Gas' stock fell as much as 6.47 per cent during the day to ₹1,230 per share, the worst intraday session since November 18 last year

MGL, IGL plunge up to 20% as govt reduces APM gas allocation to CGDs again

Motilal Oswal Financial Services believe that IGL shall be affected the most by this significant reduction in the domestic gas allocation, followed by MGL and then Gujarat Gas.

Margin pressure ahead as city gas distribution majors continue to struggle

Given the weak demand, and lower price arbitrage versus petrol/ diesel, and upcoming Assembly elections, price increases will be gradual, hitting margins across H2FY25

MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?

APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL

New gas price policy positive for city gas distributors, oil producers

Market analysts are somewhat divided on the CGD companies and on OIL and ONGC

Core group of secretaries to hold meeting today to clear Concor EoI

The meeting is to be chaired by the cabinet secretary

Benchmarks extend record breaking run; Nifty tops 18,800; IT, metals shine

CLOSING BELL: Global cues triggered by Powell's positive remarks boosted sentiment. The Sensex scaled a new high at 63,583, while the Nifty 50 came within striking distance of 18,900 on Thursday.

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

Gujarat's ceramic tiles hub to take month-long break after production glut

'Leave' in August could be annual feature and will follow Chinese industry taking a break every February

City gas distributor stocks gain up to 9% post March quarter results

At 10:00 am; CGD stocks were up in the range of 4 per cent to 7 per cent, as compared to 0.43 per cent decline in the S&P BSE Sensex.

Torrent to invest Rs 8,000 cr in CGD; Pradhan bats for home-delivery of CNG

The company has got 16 geographical areas covering 32 districts with a population of over 90 mn, in the ninths and tenth round of CGD bidding

City gas distribution companies under pressure; MGL, IGL decline up to 5%

PNGRB has said the regulation for allowing competition in CGD areas will be notified in the next one to one and a half months.