Shares of Indraprastha Gas Ltd (IGL) jumped over 2% in early trade after reports emerged that the Delhi government is set to review the Motor Vehicle Aggregator and Delivery Service Provider Scheme, which was introduced in November 2023 by the previous AAP-led administration.
As per a report by Hindustan Times, the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme—initially introduced in November 2023 under the previous AAP administration—is now being re-evaluated by the transport department. The revision may address concerns from aggregators, gig workers, and consumers, and could include a cap on surge pricing and a more gradual shift to EVs.
Transport Minister Pankaj Singh told the Hindustan Times on Tuesday that the government is revisiting key provisions to ensure the policy accommodates aggregators, gig workers, and commuters. Chief Minister Rekha Gupta also confirmed the policy is under review as part of a broader regulatory assessment.
Indraprastha Gas shares opened at ₹198.79 and reached a high of ₹204.25 during the session, while the low was ₹198.13. The stock continues to trade within a broad range, with its 52-week high at ₹285.18 and a 52-week low of ₹153.05.
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