IGL, MGL shares tumble up to 7% after changes in domestic gas allocations

April 16, 2025

The shift, driven by reduced domestic gas availability and changing supply dynamics, is likely to impact profitability for these companies, as they will now depend more on higher-cost gas for their PNG (domestic) and CNG (transport) segments. Each firm has filed separate disclosures with the stock exchange outlining the extent of the impact.

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