07-July-2025
Banking
 
Urban gas consumers to benefit from lower pipeline tariffs, CGD stocks rise
05-Jul-2025

The Petroleum and Natural Gas Regulatory Board (PNGRB) on Friday simplified the pipeline tariff structure, a move which will reduce transportation costs of city gas distribution (CGD) companies, and potentially improve their margins. Following the development, the prices of Indraprastha Gas (IGL) and Mahanagar Gas (MGL) shares rose on Friday. The IGL stock closed at Rs 226.25 apiece on Friday, up 3.22% from its previous close. MGL’s share closed at Rs 1,542.20, up 2.27% from its previous close.

News Source:- https://www.financialexpress.com/business/industry-urban-gas-consumers-to-benefit-from-lower-pipeline-tariffs-cgd-stocks-rise-3903294/?ref=morelatest_hp
 
 
 

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