Indraprastha Gas (IGL) is trading higher by 4.5% at Rs 374 on raising compressed natural gas (CNG) by 5% due to an increase in the overall input costs.
“IGL, the sole supplier of CNG in Delhi and the neighbouring National Capital Region (NCR), on Monday raised gas prices by Rs 1.70/kg in Delhi and Rs 1.90 per kg in neighbouring areas such as Noida, Greater Noida and Ghaziabad," reports suggest.
The company no longer gets any supply from Reliance Industries' D6 block, where output has fallen sharply.
A combined around 50,000 shares have changed hands on the counter so far on the NSE and BSE.
