Indraprastha Gas receives order from PNGRB

Indraprastha Gas receives order from PNGRB

On August 6, PNGRB had granted the letter of intent to the company for the project and now they have sent an authority letter for the work. Indraprastha Gas has received a letter from the Petroleum and Natural Gas Regulatory Board (PNGRB) for development of a CGD network, the company said in a press release to the exchanges on Monday. “The Company has received the letter dated September 13, 2018, from PNGRB authorizing the Company for development of CGD network in the Geographical Area of Meerut (except areas already authorized), Muzaffarnagar and ShamIi Districts,” said Indraprastha Gas in a press note. On August 6, PNGRB had granted the letter of intent to the company for the project and now they have sent an authority letter for the work. Indraprastha Gas Ltd ended at Rs271.25, down Rs0.75, or 0.28%, from its previous close of Rs272 on the BSE. The scrip opened at Rs273.90 and touched a high and low of Rs277.45 and Rs266.05, respectively. A total of 26,75,822 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs19,040.02cr.

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