Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Indraprastha Gas Limited    IGL   INE203G01019

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

India Regulator Orders Indraprastha Gas To Cut Prices

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/10/2012 | 08:59am CET

India's Petroleum and Natural Gas Regulatory Board has ordered Indraprastha Gas Ltd.(532514.BY) to lower certain tariffs and prices of the natural gas it sells in the capital city, a move that is likely to hurt the company's operating margins.

In an order issued on its website Monday, the regulator fixed the tariffs retroactively from April 2008 at levels lower than Indraprastha had been charging, and ordered it to refund the difference to its customers.

An Indraprastha Gas executive who declined to be named said the company is studying the order would comment later.

The Petroleum and Natural Gas Regulatory Board is India's downstream regulator. It has a mandate to set prices.

ICICIdirect.com, which offers retail trading and investment services, advised investors to "stay away from the stock even after a meaningful correction," citing the regulator's order, in a note early Tuesday.

Shares of Indraprastha Gas plunged to INR244.70 a share, a decline of 29.36%, in morning trade on the Bombay Stock Exchange, while the benchmark index gained 0.19%.

Indraprastha Gas is a joint venture of GAIL (India) Ltd. (532155.BY), Bharat Petroleum Corp. (500547.BY) and the state government of New Delhi to sell auto and cooking gas in New Delhi and adjacent areas.

Indraprastha gas sells piped natural gas to household consumers and compressed natural gas to automobiles in New Delhi and adjoining areas.

-By Saurabh Chaturvedi; Dow Jones Newswires; +91-11-4356-3304; saurabh.chaturvedi@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INDRAPRASTHA GAS LIMITED
01/04 Mahanagar Gas, Indraprastha Gas, Oil India, HCC hit 52-week high
2016 INDRAPRASTHA GAS : Pradhan kicks off digital payments drive
2016 INDRAPRASTHA GAS LIMITED : ex-dividend day for interim dividend
2016 INDRAPRASTHA GAS : Global Compressed Natural Gas Market - Indraprastha Gas Limit..
2016 INDRAPRASTHA GAS : increases by 5% in quarter ended September 30
2016 INDRAPRASTHA GAS : Igl profit rises 42% in sep quarter
2016 Results to watch out for! Indraprastha Gas, Voltas, Shipping Corp in focus
2016 INDRAPRASTHA GAS LIMITED : ex-dividend day for annual dividend
2016 INDRAPRASTHA GAS : Adds another feather in its cap
2016 INDRAPRASTHA GAS : Profit rises 44%
More news
Sector news : Natural Gas Distribution
2016 U.S. stock market performance in 2016
2016DJSinopec to Sell 50% Pipeline Stake
2016DJChina Resources Power to Form JV With China Resources Gas in Fujian
2016DJBEIJING ENTERPRISES : to Buy Stake in Verkhnechonskneftegaz for US$1.1 Billion
2016 GAIL INDIA : Russia's Gazprom sees new LNG deal with India's Gail in six months
More sector news : Natural Gas Distribution
Advertisement
Financials ( INR)
Sales 2017 38 637 M
EBIT 2017 8 016 M
Net income 2017 5 819 M
Finance 2017 5 117 M
Yield 2017 0,97%
P/E ratio 2017 22,47
P/E ratio 2018 20,62
EV / Sales 2017 3,18x
EV / Sales 2018 2,81x
Capitalization 128 100 M
More Financials
Chart INDRAPRASTHA GAS LIMITED
Duration : Period :
Indraprastha Gas Limited Technical Analysis Chart | IGL | INE203G01019 | 4-Traders
Full-screen chart
Technical analysis trends INDRAPRASTHA GAS ...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 847  INR
Spread / Average Target -7,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
E. S. Ranganathan Managing Director & Executive Director
Mathilakath Ravindran Chairman
Rajesh Agrawal Chief Financial Officer
Sadashiv Shreenivasa Rao Independent Non-Executive Director
V. Ranganathan Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INDRAPRASTHA GAS LIMIT..1.50%1 883
THE HONG KONG AND CHIN..3.87%23 744
UGI CORP0.74%8 030
CHINA RESOURCES GAS GR..16.94%7 227
ENN ENERGY HOLDINGS LT..15.59%5 134
PERUSAHAAN GAS NEGARA ..--.--%4 913
More Results