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Igl

Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut

Mahanagar Gas and Indraprastha Gas may raise prices of compressed natural gas by up to Rs 6 per litre. Meanwhile, their shares plunged by up to 14 per cent in intraday trading on the BSE on Friday

Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut
Updated On : 18 Oct 2024 | 12:15 PM IST

Josler Energy, IGL, Heath Consultants join hands for safe, green gas infra

Oil exploration and production player Josler Energy on Monday announced its collaboration with Heath Consultants, Inc and Indraprastha Gas Ltd under the US-India Low Emissions Gas Task Force (LEGT). As per the collaboration, advanced gas leak detection technologies will be introduced into IGL's gas distribution network that spans Delhi-NCR, Haryana, Uttar Pradesh and Rajasthan. The MoU, signed between IGL and Heath Consultants at GASTECH 2024, Houston, is a significant step towards reducing methane emissions and bolstering public safety across IGL's network, a company statement said. Josler Energy will provide technical support, field expertise, and training to IGL's employees, empowering them to utilize the latest technologies and best practices in gas leak detection. Since 2019, Josler Energy has surveyed over 20,000 kilometers of underground pipelines, preventing dangerous leaks that threaten public safety, the environment, and financial resources. "Partnering with Heath ...

Josler Energy, IGL, Heath Consultants join hands for safe, green gas infra
Updated On : 23 Sep 2024 | 5:54 PM IST

IGL Q1 results: Net profit falls 8.6% to Rs 400 crore, revenue rises 3.4%

Total gas sale volumes rose 5.3% to 786 million standard cubic meters

IGL Q1 results: Net profit falls 8.6% to Rs 400 crore, revenue rises 3.4%
Updated On : 24 Jul 2024 | 5:22 PM IST

Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices

Banking stocks are witnessing decent traction and IDFC First Bank has witnessed a fresh breakout. It had been trading in a corrective phase for over 8 months

Stocks to buy on June 20: IDFC Bank, RBL, IGL; check target prices
Updated On : 20 Jun 2024 | 6:37 AM IST

Attractive valuations of city gas distributors after recent price fall

Domestic gas consumption in CGD declined to 26.5 mmscmd in January

Attractive valuations of city gas distributors after recent price fall
Updated On : 11 Mar 2024 | 11:32 PM IST

After MGL and IGL, Torrent Gas reduces CNG prices by Rs 2.50 per kg

After city gas retailers in Mumbai and Delhi reduced CNG prices, Torrent Gas on Saturday announced a Rs 2.50 per kg reduction in compressed natural gas (CNG) prices across all its locations. "This makes CNG cheaper by up to 45 per cent vis a vis petrol and up to 37 per cent vis a vis diesel," the company, which has a city gas license to sell CNG to automobiles and piped cooking gas to households in 34 districts, said in a statement. "This reduction in prices of CNG has been done with an objective of promoting the usage of clean fuel and enhancing the ecosystem of natural gas." Mahanagar Gas Ltd, the city gas operator in Mumbai and its adjoining areas, on March 6, announced a Rs 2.5 per kg reduction in CNG price. Accordingly, the revised CNG price will be Rs 73.50 per kg. "MGL's CNG price now offers attractive savings of 53 per cent compared to petrol and 22 per cent compared to diesel at current price levels in Mumbai while delivering unmatched convenience, safety, reliability and

After MGL and IGL, Torrent Gas reduces CNG prices by Rs 2.50 per kg
Updated On : 08 Mar 2024 | 8:11 PM IST

IGL Q3 results: Net profit jumps 41% on higher CNG, piped gas sales

Indraprastha Gas Ltd, India's leading CNG retailer, has reported a 41 per cent jump in third quarter net profit, as the firm recorded higher sales of CNG to automobiles and piped cooking gas to households and industries. The company clocked a net profit of Rs 392.07 crore in October-December - the third quarter of current fiscal that started in April 2023 - compared to Rs 278.26 crore in the same period in the previous year, it said in a statement. IGL operates city gas distribution (CGD) networks across 30 districts in 11 geographical areas across four states of Delhi, Uttar Pradesh, Haryana and Rajasthan. The company said it "registered an overall sales volume growth of 4 per cent over the corresponding quarter in the last fiscal, with the average daily sales going up to 8.48 million standard cubic meters per day from 8.12 mmscmd." "Product wise, CNG recorded sales volume growth of 4 per cent in the quarter, while piped natural gas (PNG) recorded sales volume growth of 5 per cent

IGL Q3 results: Net profit jumps 41% on higher CNG, piped gas sales
Updated On : 26 Jan 2024 | 2:41 PM IST

IGL Q3 results: Net profit rises 41% to Rs 392 crore, revenue falls 4%

On a sequential basis, however, the compressed natural gas (CNG) distribution company's net profit fell 26.6 per cent from Rs 534.8 crore registered in Q2 FY24

IGL Q3 results: Net profit rises 41% to Rs 392 crore, revenue falls 4%
Updated On : 25 Jan 2024 | 8:05 PM IST

CNG price hiked by Rs 1 per kg in Delhi-NCR from today: Check new rates

The price of compressed natural gas (CNG) has been increased to Rs 76.59 per kg in Delhi-NCR; the new price of CNG in Noida is now at Rs 82.20 per kg, and Rs 81.20 per kg in Greater Noida

CNG price hiked by Rs 1 per kg in Delhi-NCR from today: Check new rates
Updated On : 14 Dec 2023 | 12:35 PM IST

IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR

The users will also be allowed to scan any UPI QR using their digital Rupee app across all IGL stations in the region

IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR
Updated On : 24 Nov 2023 | 2:07 PM IST

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon

Stocks to Watch on November 21, 2023: Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon
Updated On : 21 Nov 2023 | 8:09 AM IST

TMSEp564: Turmeric problem, EVs vs IGL, Prashant Jain, Ozempic effect

How big is India's adulterated turmeric problem? Will EVs eat into IGL's future? What does Prashant Jain think of markets in Samvat 2080? What is the Ozempic effect? All answers here

TMSEp564: Turmeric problem, EVs vs IGL, Prashant Jain, Ozempic effect
Updated On : 15 Nov 2023 | 11:25 PM IST

IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade

The slump in the gas distributor's stock rubbed off on peers Mahanagar Gas and Gujarat Gas, while EV-maker Olectra Greentech advanced

IGL stock slips on Delhi's EV policy, Jefferies, Morgan Stanley downgrade
Updated On : 20 Oct 2023 | 1:29 PM IST

Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally

CLOSING BELL: The NSE Nifty 50 ended with a gain of 84 points; Realty index soared over 4%; auto and bank shares also logged significant gains.

Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally
Updated On : 15 May 2023 | 4:04 PM IST

5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?

These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts

5 mid-cap stocks hit crucial peaks, enter next bull run; Do you own any?
Updated On : 10 Apr 2023 | 12:31 PM IST

IGL to reduce CNG price to Rs 73.59 per kg in Delhi-NCR from today

Indraprastha Gas Limited (IGL), which operates CNG stations across the Delhi-NCR, has decided to decrease the prices of CNG in the region from Sunday

IGL to reduce CNG price to Rs 73.59 per kg in Delhi-NCR from today
Updated On : 09 Apr 2023 | 7:47 AM IST

City gas distribution shares trade weak: MGL, IGL fall up to 6%

The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023

City gas distribution shares trade weak: MGL, IGL fall up to 6%
Updated On : 03 Apr 2023 | 11:26 AM IST

Genesis, IGL to invest Rs 110 cr to set up meter manufacturing plant

Genesis, an arm of Vikas Lifecare Limited (VLF), has inked a pact with Indraprastha Gas Limited (IGL) to set up a meter manufacturing plant at an estimated cost of Rs 110 crore. The unit will be set up through a joint venture company, VLF said in a statement on Monday. Genesis Gas Solutions Pvt Ltd (Genesis) has entered into a JV agreement with IGL to set up a smart meter manufacturing plant with a capex of Rs 110 crore, it added. "The unit will manufacture diaphragm gas meters equipped with IoT technologies like LoRa, LoRaWAN, Bluetooth, NFC, NB-IoT etc.," the statement said. Initially, the smart meter plant will have an installed capacity to manufacture one million meters annually. In the JV, IGL and Genesis will have equity participation in the ratio of 51:49. The unit is expected to be operational by April 2024. Vikas Garg, Chairman of Vikas Group & Director Genesis, said the JV will be a game changer. It will also aim to tap the demand in the international market, besides .

Genesis, IGL to invest Rs 110 cr to set up meter manufacturing plant
Updated On : 07 Mar 2023 | 4:01 PM IST

IGL Q3 net profit drops 11% at Rs 334 cr on holding CNG, piped gas prices

Indraprastha Gas Ltd, the firm that retails CNG and piped cooking gas in the national capital and other cities, reported 11 per cent drop in third quarter net profit after it held retail prices despite rise in input cost. Consolidated net profit of Rs 334.06 crore in October-December 2022 is compared with Rs 374.76 crore a year back, according to the company's filing with stock exchanges. The firm saw more than doubling of the cost it incurs on procuring natural gas, which is converted into CNG for sale to automobiles and piped to household kitchens for cooking purposes. Revenue from operations soared to Rs 4,089.03 crore in the third quarter of current fiscal year from Rs 2,438.48 crore in the year-ago period. "For the quarter ending December 2022, IGL registered an overall sales volume growth of 6 per cent over the corresponding quarter in the last fiscal, with the average daily sale going up from 7.66 million standard cubic meters to 8.12 million standard cubic meters per day,"

IGL Q3 net profit drops 11% at Rs 334 cr on holding CNG, piped gas prices
Updated On : 26 Jan 2023 | 11:28 PM IST

IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations

The S&P BSE Oil & Gas index hit a 52-week high of 20,653.57 in intra-day trade on Wednesday

IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations
Updated On : 30 Nov 2022 | 11:24 PM IST