[ad_1] CNG retailer Mahanagar Gas Ltd (MGL) on Thursday (January 9) announced a significant increase in its allocation of domestic gas at administered price mechanism (APM) prices, following a communication from GAIL (India) Ltd, the nodal agency for domestic gas distribution. Company Value Change %Change Effective January 16, 2025, the allocation has risen by 26%, […]
IGL, MGL shares fall up to 13% post profitability warning: Will the sector see a de-rating? – CNBC TV18
[ad_1] 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 in their gas allocation through the Administered Price Mechanism (APM) triggered concerns. The city gas distributor companies have indicated there […]