Member access

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

End-of-day quote. End-of-day quote NATIONAL STOCK EXCHANGE OF INDIA - 03/27
415 INR   -0.95%
2014 INDRAPRASTHA GA : ex-dividend day for annual dividend
2014DJIndia Shares Close Higher
2014INDRAPRASTHA GA : quaterly earnings release
News SummaryMost relevantAll newsSector news 

India Regulator Orders Indraprastha Gas To Cut Prices

04/10/2012 | 02:59am US/Eastern

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., 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;

React to this article
02/27 Bs1000-2015 rankings by consolidated total revenues: indraprastha gas limited..
02/17 INDRAPRASTHA GAS : Profit surges 21%
01/16 INDRAPRASTHA GAS : IGL pipeline catches fire in South Delhi's Moti Bagh area
2014 INDRAPRASTHA GAS : Piping up
2014 INDRAPRASTHA GAS : Bt500 rankings: india's most valuable top-500 companies - ind..
2014 INDRAPRASTHA GAS : Igl q2 profit rises 29%
2014 INDRAPRASTHA GAS : Oil ministry cuts natural gas supplies to gujarat industry
2014 INDRAPRASTHA GAS : India's fastest growing companies: the welterweights - indrap..
2014 INDRAPRASTHA GAS : Piped cooking gas to everyone in delhi & vicinity in 5 years:..
2014 INDRAPRASTHA GAS : Igl eyes more city gas firms for growth via acquisitions
Duration : Period :
Indraprastha Gas Limited Technical Analysis Chart | IGL | INE203G01019 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes