Page 3 - Igl

Margin woes emerge for gas distribution companies in Q3 but volumes improve

IGL, Gujarat Gas and MGL have seen profitability contract in Q3

IGL Q2 profit jumps 30% to Rs 400 crore on higher sales volumes

Indraprastha Gas Ltd, the firm that retails CNG in the national capital and adjoining cities, on Tuesday reported 30 per cent jump in its second quarter net profit on the back of higher sales volumes.

BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

India's capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG Ltd and Indraprastha Gas

Record 310,000 new PNG connections provided in Delhi-NCR in FY21: IGL

62 new CNG stations were set up during this period to take the total number of CNG stations set up by IGL in the national capital and adjoining cities to 612.

IGL reports eight-fold rise in consolidated Q1 profit to Rs 277.95 crore

Consolidated total income during the period under review nearly doubled to Rs 1,410.32 crore from Rs 723.16 crore in the same period a year ago

IOC, GAIL may buy shares if open offer for Petronet, IGL gets triggered

IOC, GAIL and ONGC may buy shares of Petronet LNG and Indraprastha Gas in the eventuality of an open offer getting triggered post privatisation of Bharat Petroleum Corporation Ltd (BPCL)

IGL reports 29% YoY surge in consolidated Q4 profit at Rs 375 crore

Board recommends 180% dividend, or Rs 3.6 per share

India's first mobile CNG refuelling units from IGL-Mahanagar Gas launched

Apart from cost, benefits include ability to reach consumers at malls and offices, and places not yet connected with pipelines or where land parcels to set up conventional CNG stations are scarce

BPCL says it has no intention to pare down stake in Petronet and IGL

BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL

BPCL may sell some stake in IGL, Petronet to shed promoter status

BPCL is a promoter of 2 companies and since there is a change in ownership of the promoter firm, an open offer is triggered under Sebi (Substantial Acquisition of Shares and Takeovers) Regulations

Notice to DJB, IGL over road, pipelines passing through Asola Sanctuary

The Delhi forest department has issued notices to the Delhi Jal Board, Irrigation and Flood Control Department and Indraprastha Gas Limited for constructing a road and laying water and gas pipelines

Shipping Corporation, BPCL, NFL: Trading strategies for news-driven stocks

With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels

Stocks to watch: ITC, Magma Fincorp, Titan, National Fertilizers, BPCL, IGL

The government will sell 20 per cent of its stake in National Fertilizers through an offer for sale

Stock picks by Nilesh Jain of Anand Rathi: Buy IGL, Colgate Palmolive

The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter

Indraprastha Gas may hike prices marginally to make up for rise in cost

The Petroleum and Natural Gas Regulatory Board recently notified access codes for new city gas distributors, a move that is expected to simplify tariffs and attract investment in the sector

Nifty support shifts higher, next target at 9,650: Vinay Rajani of HDFC Sec

IGL is in an overall up trend on the daily and weekly charts

IGL shuts down 2/3rd CNG outlets as demand drops over coronavirus lockdown

Fresh piped natural gas (PNG) connections will not be issued during the lockdown period

End of exclusivity period will ensure fair play in gas pipeline business

The PNGRB is now taking careful ste­ps to draft regulations on how to end the exclusivity and the subsequent issues of tariff and sharing of the existing infrastructure

Nifty view and top trading ideas by CapitalVia: Buy Cadila Healthcare, IGL

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Indraprastha Gas posts 24% rise in net profit to Rs 218 cr on higher sales

It meets fuel requirements of over 105,000 vehicles running on CNG in national capital region through a network of over 500 CNG stations