Indraprastha Gas rises on signing MoU with BHEL
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Indraprastha Gas is currently trading at Rs. 443.20, up by 3.40 points or 0.77% from its previous closing of Rs. 439.80 on the BSE.
The scrip opened at Rs. 434.60 and has touched a high and low of Rs. 448.30 and Rs. 434.60 respectively. So far 56031 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 455.00 on 08-Mar-2023 and a 52 week low of Rs. 335.10 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 448.30 and Rs. 423.00 respectively. The current market cap of the company is Rs. 30992.54 crore.
The promoters holding in the company stood at 45.00%, while Institutions and Non-Institutions held 46.48% and 8.53% respectively.
Indraprastha Gas (IGL) has signed a Memorandum of Understanding (MoU) with Bharat Heavy Electricals (BHEL) for Joint collaboration for development, manufacturing & deployment of Type-IV Cylinders (CNG and/or Hydrogen), Hydrogen blending in City Gas Distribution (CGD) and Fuel cell based power backup system. The company has signed a MoU on March 22, 2023.
Indraprastha Gas is in the business of city gas distribution presently operating in the National Capital Territory of Delhi including adjoining areas of Noida, Greater Noida, Ghaziabad, Gurugram, Meerut (except area already authorised), Shamli, Muzaffarnagar, Karnal and Rewari.
