Page 3 - Indraprastha Gas

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.

Gas distribution companies' shares rally; Indraprastha Gas surges 10%

The new price for domestic natural gas is the lowest in six years since the Narendra Modi government introduced the new pricing formula in November 2014

War on Covid-19: IGL follows lockdown rule book, pares CNG supply in NCR

Just over a third of the 150 stations run by the company will be operational during lock down toll March 31

Top 10 biz headlines: Covid-19 fears, slow hiring at IT firms, and more

Business Standard brings to you top ten business headlines for the day.

Indraprastha Gas looks to expand its physical reach to other cities

During the last financial year, IGL provided 210,000 new PNG connections, taking the total to 1.1 million households

IGL looks beyond NCR to give a boost to revenue, bags six other areas

According to E S Ranganathan, MD of IGL, it is the price of gas and not the end of exclusivity that is the challenge.

Higher volumes, margins to fuel growth for gas-distribution firms

The Street's confidence on city gas distributors (CGD) remains high, considering the firm demand for gas, rising volumes, and future growth potential

Technical calls from HDFC Securities: Buy Bajaj Finserv, Indraprastha Gas

Technical calls from Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities.

MSCI adds Info Edge, Indraprastha Gas to India Index; YES Bank, BHEL out

MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year. It has added eight companies and deleted six from the MSCI India Domestic Index. Those deleted include Bharat Heavy Electricals Ltd (BHEL), Glenmark Pharmaceuticals, Indiabulls Housing Finance, L&T Finance Holdings, Vodafone-Idea Ltd and Yes Bank, MSCI said in a statement. Those added to the MSCI India Index include Berger Paints, DLF, HDFC Asset Management, ICICI Prudential Life, Indraprastha Gas Ltd, Info Edge (India), SBI Life Insurance Co and Siemens India. MSCI added seven stocks and deleted four from MSCI Global Standard Index. The additions included Berger Paints, Colgate, DLF, HDFC AMC, ICICI Prudential Life, SBI Life, and Siemens. Meanwhile, the deletions from the global index include ..

Indraprastha Gas rallies 8%, hits new high on healthy volume growth in Q2

In Q2FY20, compressed natural gas (CNG) sales volume increased by 10 per cent and piped natural gas (PNG) sales volumes increased by 12 per cent over Q2FY19.

Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales

IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries

City Gas distributors' stocks gain 6-8%, fundamentals remain healthy

While strong demand is driving volumes, low natural gas prices bode well for profitability

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

Tata Motors, Tata Power to install 300 charging stations in five cities

Over the next two months, they plan to install 45 more chargers across other four cities

Petronet joins hands with IGL and GSPC to sell liquefied natural gas

Company CEO Prabhat Singh said it was in the final stages of inviting bids to set up Liquefied natural gas (LNG) outlets

IGL extends gain on plan to take over the natural gas supply in Gurugram

The stock rallied 6% to Rs 297, extending its 11% rally in past two days after the company agreed to take over the supply of natural gas in Gurugram district from Haryana City Gas Distribution.

Gas distribution stocks in focus; Indraprastha Gas hits new high

IGL, MGL and Gujarat Gas were up in the range of 4% to 6% on the BSE in intra-day trade

Indraprastha Gas hits record high on good Q1 results; 1:5 stock split

The stock hit a record high of Rs 1,300, up 7% on BSE in early morning trade.

Gurugram foray adds to Indraprastha Gas' strong prospects

The approval is for 25% of total opportunity around Gurugram leading to scope for further expansion

Indraprastha Gas hits record high; stock up 70% in 2016

The stock hit a record high of Rs 901, up 3.6% on the BSE in intra-day trade in otherwise volatile market.