[ad_1] Shares of Indraprastha Gas Ltd. and Mahanagar Gas Ltd., the city gas distribution companies, were downgraded by analysts yet again after the government, over the weekend, cut its APM gas allocation to these companies by another 20%. This was the second straight month in a row that the gas allocation has been cut. The […]
Indraprastha Gas sees ‘adverse impact’ on profitability on lower gas allocation – CNBC TV18
[ad_1] City gas distributor Indraprastha Gas Ltd. (IGL) informed the exchanges on Thursday, October 17, that the company’s profitability will see an ‘adverse impact’, as it has received lower gas allocation than earlier, confirming a CNBC-TV18 newsbreak from earlier in the day. Indraprastha Gas’ domestic gas allocation is 21% lower than the previous allocation. The […]