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Indraprastha Gas raises CNG price by Rs 3.89/kg, shares jump 3%
Indraprastha Gas has increased CNG prices in Delhi NCR by Rs 3.89 per kg, effective August 31, 2026, citing higher gas costs. The price hike lifted IGL shares by 3% in early trading, while analysts at ICICI Securities suggest another increase may be needed if input costs remain elevated. The move reflects ongoing margin pressure from rising natural gas prices.
Indraprastha Gas raises Delhi CNG price by ₹3.89 per kg
3 Min Read Shares of Indraprastha Gas Ltd (IGL) are in focus on Monday, August 31, after the company raised its compressed natural gas (CNG) prices in Delhi by ₹3.89 per kg over the weekend. With this price hike, the retail CNG price in Delhi is now ₹83.09 per kg. The price hike took effect from August 29.
India offers city gas distributors incentives to boost piped cooking gas connections
India has approved an incentive scheme for city gas distributors to expand piped natural gas (PNG) connections for domestic cooking, triggering a rally in shares of IGL, MGL, and Adani Total Gas, which gained up to 6% on Wednesday. The scheme aims to increase PNG penetration, and analysts are assessing the financial impact on these companies. The policy details, including incentive amounts and eligibility criteria, are being digested by the market.
Nomura, CLSA cut IGL ratings after weak Q1 results
3 Min Read Shares of Indraprastha Gas (IGL) fell as much as 2.7% on Monday, August 17, after Nomura downgraded the stock and CLSA cut its target price following the company's June-quarter results. Nomura downgraded Indraprastha Gas to 'Neutral', with a target price of ₹155. The target implies an upside of around 2.2% from Friday's closing price of ₹151.70.
IGL Q1 profit drops 30% on margin pressure despite volume growth
Indraprastha Gas Ltd (IGL) reported a sharp sequential decline in profit and operating performance for the June quarter, even as revenue and gas volumes continued to grow. Net profit fell 29.5% to ₹240 crore from ₹341 crore in the previous quarter, while EBITDA declined 30.4% to ₹293.4 crore from ₹421.4 crore. EBITDA margin consequently narrowed to 6.4% from 10% in Q4 FY26.
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