Tag: city gas distributors igl mgl de rating

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 […]

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