MGL, IGL sink up to 20% after cut in priority gas allocation
Business Standard|November 19, 2024
Shares of city gas distribution (CGD) companies Mahanagar Gas (MGL) and Indraprastha Gas (IGL) plunged up to 20 per cent on the BSE on Monday after the central government further reduced the administered price mechanism (APM) allocation of domestic gas to them.
DEEPAK KORGAONKAR

This move may impact the profitability of these gas distribution companies. The lower allocation will be applicable from November 16, 2024.

This story is from the November 19, 2024 edition of Business Standard.

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This story is from the November 19, 2024 edition of Business Standard.

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