India's Indraprastha Gas climbs after GAIL increases gas allocation

Indraprastha Gas

09/01/2025 10:13

** Shares of city gas distributor Indraprastha Gas  IGAS.NS 
ends 4.1% higher
    ** IGAS says GAIL  GAIL.NS  increases domestic gas
allocations by 31% with effect from Jan. 16
    ** Says the increase to have positive impact on
profitability
    ** IGAS fell as much as ~25% after co flagged issues with
gas allocation in Nov, but has recovered since
    ** GAIL ends session ~4% lower

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))