Mahanagar Gas, IGL and MGL shares
IGL, MGL shares fall up to 13% post profitability warning: Will the sector see a de-rating?
As city gas distributor companies' reliance on market-linked gas reaches 50% and continues to increase, they may have to prioritise maintaining margins over pursuing volume growth. This situation could lead to a derating of the sector,
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
State-Owned City Gas Cos IGL, MGL & Gujarat Gas Share Price Plummet Amid Likely Gas Allocation Cuts
The shares of major city gas distribution (CGD) companies, including Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL), saw significant declines of up to 15% on October 18 following the governments announcement of a sharp reduction in priority gas allocation to CGDs.
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.
IGL, MGL fear lower gas allocation will adversely impact profitability
Shares of major city gas suppliers IGL, MGL and Gujarat Gas were all under selling pressure in trade, after reports of a ...
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IGL, MGL To Pass Higher Costs On To Customers As GAIL Cuts APM Gas Allocation
We are assessing the impact and trying to manage the portfolio. Whatever is not manageable, we will pass on to the consumers, ...
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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Indraprastha Gas sees 'adverse impact' on profitability on lower gas allocation
CNBC-TV18 had reported earlier on Thursday citing industry sources that India's City Gas Distributors, Mahanagar Gas, ...
CGD companies to be hit as govt cuts cheaper gas allocation for CNG by 20%
State-run Indraprastha Gas Limited (IGL) and Mahanagar Gas Limited (MGL) said that the reduction in APM gas allocation would have an “adverse impact” on their profitability.
The Financial Express7h
CNG prices to increase as APM gas supplies cut, yet CGD firms may take a hit
IGL and MGL on Thursday said that GAIL (India), the nodal agency for domestic gas allocation, has reduced domestic gas allocation to the companies effective from October 16, 2024.
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Name change: No more POGO, just IGL
In an exclusive interview at the recently concluded Global Gaming Expo or G2E summit in Las Vegas, Tengco reported that Pagcor will use the term “IGL” or Internet Gaming Licensee for all offshore ...