IRM Energy zooms after executing RLNG supply agreement with GSPCL
IRM Energy is currently trading at Rs 299.95, up by 21.60 points or 7.76% from its previous closing of Rs 278.35 on the BSE.
The scrip opened at Rs 286.95 and has touched a high and low of Rs 316.30 and Rs 283.40 respectively. So far 40610 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 635.00 on 22-Apr-2024 and a 52-week low of Rs 235.90 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs 316.30 and Rs 264.00 respectively. The current market cap of the company is Rs 1231.79 crore.
The promoters holding in the company stood at 50.07%, while Institutions and Non-Institutions held 8.62% and 41.31% respectively.
IRM Energy has executed its second long-term (5-year) Regasified Liquefied Natural Gas (RLNG) supply agreement with Gujarat State Petroleum Corporation (GSPCL). Under this agreement, IRM Energy will procure 65,76,000 MMBtu, equivalent to approximately 174.44 MMSCM at 9500 kCal Gross Calorific Value (GCV), ensuring a stable and cost-effective energy supply for its customers.
Earlier, on March 25, 2025, IRM Energy signed a similar agreement with Shell Energy India. Together, these agreements secure a total supply of 1,88,97,200 MMBtu of RLNG and Domestic Gas over the next five years, reinforcing IRM Energy’s commitment to energy security and sustainability.
This agreement marks a significant milestone in IRM Energy’s expansion strategy, enhancing its sourcing portfolio and ensuring uninterrupted, affordable natural gas supply. The partnership with GSPCL strengthens IRM Energy’s role in delivering cleaner and cost-effective fuel solutions, supporting India’s energy security and sustainability goals. The company remains committed to aiding industries in their transition toward low-carbon alternatives, reducing both environmental impact and operational expenses. Leveraging GSPCL’s expertise in the LNG market, IRM Energy is well-positioned to provide a consistent and reliable supply to industrial and commercial customers. This strategic move aligns with its vision of accelerating India’s clean energy transition by offering dependable, environmentally friendly fuel options.
IRM Energy is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.
