IGL Share Price and Company Information(as of May 9, 2024)
About IGL
Incorporated in 1998, IGL is a leading player in the Indian city gas distribution sector. They focus on selling natural gas to residential, commercial, and industrial consumers. Their extensive network ensures safe and reliable supply of CNG (compressed natural gas) for transportation and piped natural gas for other uses.(IGL Share Price and Company Information)
IGL Share Price and Company Information (as of May 9, 2024)
Share Price: ₹444.70 (down 1.44% from the opening price)
Market Cap: ₹311,220.27 Cr
Stock Exchange: National Stock Exchange of India (NSE)
Company: Indraprastha Gas Limited (IGL)
Business: City gas distribution (CGD) in Delhi and surrounding areas
Big Projects (IGL Share Price and Company Information(as of May 9, 2024)
While I couldn’t find specific details about upcoming large-scale projects, IGL’s focus lies on expanding its reach.
This could involve:
1. Geographic Expansion: Obtaining licenses for CGD operations in new cities and towns.
2. Network Expansion: Laying down new pipelines to reach more consumers within their
Existing areas of operation.
Promoting CNG Usage: Encouraging the adoption of CNG vehicles and promoting natural gas as a cleaner alternative fuel.(IGL Share Price and Company Information)
Future Price
Predicting future stock prices is inherently difficult. However, some factors could influence IGL’s share price:
1.Overall Market Conditions: The general performance of the Indian stock market can impact IGL’s share price.
2.Natural Gas Prices: Fluctuations in natural gas prices can affect IGL’s profitability.
3.Government Regulations: Changes in government policies related to the natural gas sector could impact IGL’s business.
4.Company Performance: IGL’s financial performance, including revenue growth, profitability, and dividend payouts, can influence investor sentiment and share price.(IGL Share Price and Company Information(as of May 9, 2024)
Basic Technical Data of the company
NAME : IGL
52 Week’S High: Not available (due to limited information provided)
52 Week’S Low: Not available (due to limited information provided)
P/E Ratios: 16.65 (as of March 2023)
Dividend’s Yield: 2.80% (as of March 2023) IGL Share Price and Company Information(as of May 9, 2024)
FUTURE OUTLOOK OF IGL
IGL continues to augment its infrastructure so as to meet the increasing demand of CNG arising out of growing number of CNG vehicles in Delhi. The growth drivers for increase in demand of CNG are – car manufacturers coming up with CNG variants and Delhi Government’s directive making it mandatory for all LCVs operating in Delhi to run on CNG. The company is in the process of enhancing its compression capacity by adding new stations.
On the PNG front, IGL is already operating in the residents of the areas of NCT of Delhi; districts Gautam Budh Nagar, Ghaziabad, Hapur, Muzaffarnagar, Shamli, uncovered parts of Meerut & Kanpur, Fatehpur and Hamirpur in Uttar Pradesh; districts Rewari, Gurugram, Karnal and Kaithal in Haryana; and, district Ajmer, Pali & Rajsamand in Rajasthan. Our customers will now be benefited with supply of PNG for non cooking applications like Geysers also. IGL is also planning to expand its pipelines even further.
Industrial and commercial segments would remain one of the focus areas for the organization.
Disclaimer: This information is for informational purposes only and should not be considered financial advice. It’s advisable to consult with a qualified financial advisor before making any investment decisions.
Additional Resources:
You can find more detailed information about IGL, including their financial statements, annual reports, and investor presentations, on their website or through financial information websites.
READ MORE FROM OFFICIAL WEBSITE
https://www.iglonline.net/
Several financial news websites and apps provide real-time stock quotes and analysis for IGL.
I hope this information is helpful! Let me know if you have any other questions.
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