The gas supplier's stock price climbed 3.05 per cent to hit an intraday high of ₹216.65 per share on the NSE on Thursday
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For FY26, we are planning capex of around Rs 2,000 crore which includes around Rs 1,400 crore in the core business and Rs 600 crore for diversification in renewables, CBG
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
Gas demand dipped in August, but upcoming LNG supply, policy targets and steady CNG growth support long-term outlook as stock valuations turn more attractive
Indraprastha Gas Ltd added 3.7 lakh PNG connections and 72 CNG stations in 2024-25, taking domestic PNG users past 3 million and posting Rs 1,468 crore profit after tax
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
PNGRB tariff news: While analysts see IGL benefitting the most from the changes due to the possibility of charging higher tariffs, MGL and GGL may be negatively impacted, they said
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.
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A bonus issue refers to a corporate action in which a company issues additional shares to its existing shareholders without any cost
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The surge in IGL share price came after the company announced that its board would meet to consider a proposal for a bonus issue of equity shares for its shareholders
City gas companies like Indraprastha Gas Ltd and Adani Total Gas Ltd are mulling an increase in CNG prices after supplies of cheaper input gas was cut for the second time in a month, but the government officials say the retailers must give a cost breakup to justify the hike. The government, with effect from November 16, cut supplies of low-priced natural gas coming from old fields to city gas retailers by up to 20 per cent. This reduction came on the back of a 21 per cent reduction on October 16. City gas retailers IGL, which retails CNG in national capital and adjoining cities, Mahanagar Gas Ltd that does the same in Mumbai, and Adani Total Gas Ltd which operates in Gujarat and elsewhere, in regulatory filings flagged profitability concerns due to supply cut and hinted at price hike. Officials in the ministry of petroleum and natural gas however are unimpressed as they feel the retailers operate on "hefty" margins and can easily absorb the additional cost they may have to incur on
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
According to reports, global brokerage UBS has recommended 'Buy' ratings on IGL and MGL with target prices of Rs 700 per share and Rs 2,400 per share, respectively
Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.
Chatiwal talks about strengthening efforts to establish CNG to LNG conversion plants for servicing difficult terrains
Despite a muted Q1 show, analysts at JM financial were positive on IGL, and maintained 'Buy' on the stock with an unchanged target price of Rs 550
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