MGL's stock plummeted 11%, reaching a low of Rs 1,568.30, while IGL experienced a 10% drop, closing at Rs 453.70 on the Bombay Stock Exchange as of latest update. Listen to Story Gas firms IGL, MGL ...

Shares of city gas distributors (CGDs) -- Mahanagar Gas (MGL) and Indraprastha Gas (IGL) – plunged up to 14 per cent on the BSE in Friday's intraday trade. The shares came under heavy selling pressure ...

India's city gas distribution space is abuzz, and not for the best reasons. The three stocks Indraprastha Gas Ltd., Mahanagar Gas Ltd. and Gujarat Gas Ltd. are under selling pressure after a 20% cut ...

Shares of Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) plunged up to 15 per cent in Friday's trade after the two city gas distributors confirmed a 20 per cent ad hoc reduction in ...

India's City Gas Distributors, Mahanagar Gas Ltd., Indraprastha Gas Ltd. among other peers could raise prices after a 20% cut in their gas allocation through the Administered Price Mechanism (APM), ...

The supply has been slashed by 21% for IGL and 20% for MGL, respectively with effect from Oct. 16. The decision will impact the profitability of the companies as their overall procurement cost of ...

Indraprastha Gas and Mahanagar Gas have both confirmed a reduction of 21% in the domestic gas allocation to the company, a factoring that has weighed on the shares all city gas distributor ...