Currently, IGL receives gas at a government-fixed price of $6.75/MMBtu. The reduction in this cheaper domestic gas allocation is likely to increase input costs for the company.
To partially offset the shortfall, IGL has been allocated additional volumes of New Well Gas (NWG), equivalent to roughly 125% of the reduction in domestic gas. However, this gas comes at a steeper price—12% of the Indian Crude Basket (ICB).
The company noted that this shift in allocation and pricing structure is expected to affect its profitability. It has not yet outlined specific steps to mitigate the impact.
IGL is engaged in the marketing and distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) within the National Capital Territory (NCT) of Delhi.
On a consolidated basis, net profit of IGL declined 31.49% to Rs 326.55 crore while net sales rose 5.70% to Rs 3758.76 crore in Q3 December 2024 over Q3 December 2023.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."