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IGL, MGL and Mahanagar Gas
IGL, Mahanagar Gas shares crash up to 15% - Here's why
Shares of city gas distribution (CGD) companies - Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL), crashed by up to 15 per cent. Read on to know what triggered this sharp price correction.
Why MGL, IGL shares plunged 12-15% but Gujarat Gas stock stayed unfazed
Antique Stock Broking said the probability of CGDs getting impacted is likely to be a structural outcome. The fresh development, over five years, would imply APM allocation would be down to zero.
MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?
APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL
IGL, MGL shares plunge up to 15% today. Here's why
MGL's stock plummeted 11%, reaching a low of Rs 1,568.30, while IGL experienced a 10% drop, closing at Rs 453.70 on the Bombay Stock Exchange as of latest update.
1h
MGL sets up over 350 CNG stns in MMR
Mahanagar Gas Limited (MGL) has established over 350 CNG stations in the Mumbai Metropolitan Region, meeting the rising demand for eco-friendly fuel as the number of CNG vehicles surpasses 1 million.
cnbctv18
3d
Mahanagar Gas faces 20% cut in CNG transport allocation, explores alternative sources
City gas distributor Mahanagar Gas Ltd on Thursday (October 17) said it has encountered a setback following a recent ...
2d
Mahanagar Gas, Indraprastha Gas shares crack 15% as probability to be hit on lower gas allocations
CGD companies are likely to be forced to pass on the majority of the hike in gas cost to end-consumers or else take a huge ...
2d
Indraprastha Gas, Mahanagar Gas slump over 10%
Shares of Indraprastha Gas Ltd and Mahanagar Gas Ltd on Friday tumbled more than 10 per cent each after both the firms stated ...
abp LIVE
5h
CNG Prices Likely To Rise by Rs 4-6 Amid Supply Cuts: Report
Natural gas extracted from various sites across India, including the Arabian Sea and the Bay of Bengal, is the primary raw ...
devdiscourse
2d
Gas Supply Cuts Hit Indraprastha and Mahanagar Shares
Shares of Indraprastha Gas Ltd and Mahanagar Gas Ltd fell over 10% after domestic gas supplies were slashed. The reduction ...
ET Auto
11h
CNG price may go up INR 4-6 on input supply cut, excise duty cut to ease situation
The government's decision to cut domestic gas supplies by up to 20% to city retailers is likely to increase CNG prices by INR ...
ndtvprofit
2d
Indraprastha Gas, Mahanagar Gas Share Prices Lowest Since June As GAIL Cuts Domestic Gas Allocation
The revised domestic gas allocation to Indraprastha Gas is approximately 21% lesser than previous allocation, it said.
2d
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 ...
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