Quarterly Result16 Apr 2025, 12:40 am
Indraprastha Gas Ltd Faces 20% Reduction in Domestic Gas Allocation
AI Summary
Indraprastha Gas Ltd has received a communication from GAIL (India) Ltd, the nodal agency for domestic gas allocation, informing a reduction in domestic gas allocation to the company. The reduction is approximately 20% and is effective from April 16, 2025. However, the company has been allocated additional ~125% of the reduction in domestic gas volumes as New Well Gas — NWG, priced at 12% of Indian Crude Basket — ICB, effective from the same date. This revision in allocations is expected to impact the profitability of the company.
Key Highlights
- Indraprastha Gas Ltd faces a 20% reduction in domestic gas allocation
- The reduction in allocation is effective from April 16, 2025
- Company has been allocated additional ~125% of the reduction in domestic gas volumes as New Well Gas — NWG
- New Well Gas — NWG is priced at 12% of Indian Crude Basket — ICB
- The revision in allocations is expected to impact the profitability of the company