From IGL to MGL to Gujarat Gas: CGD stocks tank up to 20%; here's why
The sharp sell-off reflects market concerns over rising input costs due to lower APM gas availability, impacting profitability expectations.
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Gujarat Gas shares jump 14% on merger plan; extend rally for 4th session
Gujarat State Petroleum Corporation, GSPC Energy, and Gujarat State Petronet will be merged into Gujarat Gas. The gas transmission biz will be listed as a separate entity.
City gas distributors' shares tank up to 17%; MGL, IGL, Gujarat Gas lead fall
Mahanagar Gas on Tuesday cut CNG prices by ₹2.5 per kg to ₹73.50 per kg, citing dip in gas input costs.
IGL, Adani Total, Gujarat Gas, MGL surge up to 7%; here’s why
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution to cool down the CNG and piped cooking gas prices
