Igl

The state of Gujarat used to levy 15% VAT on all gas sold within the state - both APM as well as imported LNG. After October 1, ONGC has started to levy lower tax for inter-state sale of gas to CGDs, fertilizer companies and power plants.

IGL, MGL shares rise up to 3% after PNGRB approves reforms in Natural Gas Pipeline Tariff Regulations

As part of the reforms, unified tariff zones have been reduced to two from three previously.

Indraprastha Gas sharply raises capex by 67 percent to fund solar, LNG, biogas diversification

Indraprastha Gas said higher spending in the current year is on account of plans to expand into solar, liquefied natural gas (LNG) and compressed biogas (CBG) space to mitigate risks related to core city gas distribution (CGD) business.

Indraprastha Gas says not looking at CNG price hikes for now, but closely watching international prices

CGD players including IGL, MGL and Adani Total Gas have undertaken multiple CNG price hikes in-line with the cut in allocation of cheaper domestic gas. APM gas is sold cheaper to city gas distribution players to ensure essential services such as domestic PNG and CNG.

Mahanagar Gas, IGL, Adani Total Gas stocks tumble as Centre trims priority gas allocation

The Centre further trimmed its priority gas allocation to MGL, Indraprastha Gas and Adani Total Gas, sending the stock prices of the firms tumbling.

CNG, PNG prices may go up as government mulls cutting APM gas allocation

City gas distribution companies, including Indraprastha Gas and Mahanagar Gas, would have to review prices of CNG used by vehicles and domestic Piped Natural Gas due to allocation cuts in cheaper APM gas

IGL, MGL shares jump 3% after Axis Capital sees 4 positive triggers for city gas companies

Axis Capital said that it prefers companies with higher exposure to CNG as they are set to see the fastest growth in the value chain.

Indraprastha Gas to increase capex by 20% in FY26, eyes acquisition of smaller CGD firms: Managing Director KK Chatiwal

The acquisition of smaller CGD companies would increase the number of geographical areas (GAs) under IGL, which currently has 11 GAs across 32 districts in the country.

IGL shares fall 3% after firm's Q3 net profit drops 31% to Rs 325 crore

The shares of the company were trading at Rs 367 apiece, as seen at 9.42 am.

Indraprastha Gas Q3 results: Net profit falls 31% to Rs 325 cr amid lower APM gas allocation

IGL’s revenue from operations was higher at Rs 4,146.09 crore in the quarter, compared to Rs 3,926.19 crore last year.

IGL shares close 3% higher after GAIL raises domestic CNG allocation to 51%

IGL will have 51% domestic allocation in the CNG segment, higher than the current 37% level. The change will be effective from January 16 onwards.

Citi maintains bullish outlook on Indraprastha Gas as subsidiary Maharashtra Natural Gas prepares to list

Maharashtra Natural Gas listing could help unlock value for IGL, noted Citi Research.

BPCL approves Rs 1,000 crore IPO of JV company Maharashtra Natural Gas

Maharashtra Natural Gas (MNGL) is a natural gas distribution company engaged in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Maharashtra.

IGL, MGL shares rise as govt asks GAIL and ONGC to divert 0.6 mmscmd gas to city gas firms

New well gas and oil-linked gas will not be auctioned but allocated proportionally on basis of volume to companies, says Oil Ministry

IGL, MGL, Gujarat Gas record sharp gains, rise up to 24% in one month despite cuts in APM allocation

Nuvama Institutional Equities said the fundamentals of these counters are unsupportive as markets are ignoring an imminent profit plunge.

Markets pricing in GST rollout for IGL, MGL, Gujarat Gas, ignoring 'imminent profit plunge', says Nuvama

Following the ~45 percent fall in share prices of these players, IGL, MGL and Gujarat Gas have rebounded sharply from November lows.

HDFC Bank, IGL, Piramal Pharma among the top gainers and losers in trade on December 17

Sensex and Nifty continued to face selling pressure on December 17, as financials, IT, and oil & gas sectors weighed on the indices. The decline in the benchmarks came amid weak FII volumes due to the holiday season and heightened caution ahead of the U.S. Federal Reserve's monetary policy meeting, which is expected to provide critical cues on the trajectory of interest rate cuts. Here’s a look at the top gainers and losers in trade today.

IGL, MGL, other gas stocks slide 3% amid reports of no GST inclusion for natural gas in upcoming meeting

Earlier this year, the Petroleum Secretary Pankaj Jain said that solving the taxation problem would lead to the rise in usage of natural gas.

IGL to consider bonus issue on December 10 amid share price fall over lower APM supply

The shares of both MGL and IGL have taken a significant hit of from the highs of the year to fall by more than a third, more so after Centre announced the decision to cut priority gas allocation to city gas distributors.

CNG price hike|CGD cos need to keep prices competitive: Gas regulator official

A CNG crisis is brewing with supply of APM gas running low and government cutting allocation to city gas distribution companies. The gas players may have no option but resort to a price hike.