Indraprastha Gas Limited (IGL) shares surged 2% following a price hike in Compressed Natural Gas (CNG) across regions outside Delhi. The revised rates show an increase of ₹1.5 to ₹4 per kilogram, impacting about 30% of IGL’s operational areas. Notably, Delhi, which contributes 70% of the company’s total CNG consumption, remains unaffected by this hike.
The move is likely to boost IGL’s revenue in non-Delhi regions, sparking positive sentiment among investors. Analysts will closely watch for any ripple effects on demand and profitability in the coming months.
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