Indraprastha Gas faces revised domestic gas allocation

Indraprastha Gas Limited (IGL) announced revisions to its domestic gas allocation impacting profitability. Effective April 16, 2025, the company's domestic gas allocation has been reduced by approximately 20%. However, IGL has also been allocated an additional ~125% of the reduction in domestic gas volumes as New Well Gas (NWG), which is priced at 12% of Indian Crude Basket (ICB). The disclosure, made under Regulation 30 of SEBI Listing Regulations, 2015, indicates the allocation changes will affect the company's earnings. The original domestic gas allocation meets the requirement of PNG (D) & CNG sales volumes at the pricing fixed by the Govt. (presently at $6.75/MMbtu). IGL's stock is listed on the Bombay Stock Exchange under the symbol IGL.