Indraprastha Gas Limited — Important, 09-01-2025: Disclosure of material issue
09-01-2025 | 02:55 pm
09-01-2025 | 02:55 pm
Domestic gas allocations to Indraprastha Gas Limited (IGL) have been revised upwards by 31%, increasing the share of domestic gas in the CNG segment from 37% to 51%, effective January 16, 2025. Additionally, IGL has secured extra RLNG volumes on a term basis from a major supplier, amounting to approximately 1.0 MMSCMD, at competitive prices. This development is expected to positively impact the company's profitability, marking a significant operational enhancement that could strengthen its market position. Investors should watch closely as these adjustments may contribute to improved financial performance in upcoming periods.
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