IRM Energy Limited has received a communication from GAIL (India) Limited regarding a revision in domestic gas allocations. Effective January 16, 2025, the company’s domestic gas share for the CNG segment will increase by 29%, raising the share from 37% to 51%.
This revision is expected to positively impact the profitability of IRM Energy Limited, enhancing its operational efficiency and cost-effectiveness in the CNG market.
In the meantime, IRM Energy shares opened at ₹345.90, reaching a high of ₹355.00 and a low of ₹336.05 during the trading session. The stock has seen significant fluctuations, with its 52-week high at ₹641.00 and its 52-week low at ₹334.80. As of 12:14 PM, the shares were trading 0.37% higher at Rs 342.70.
