Indraprastha Gas Ltd
NSE:IGL
IGL's latest stock split occurred on Jan 31, 2025
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, IGL traded at 395.7 per share. Afterward, the share price was about 201.8.
The adjusted shares began trading on Jan 31, 2025. This was IGL's 2nd stock split, following the previous one in Nov 9, 2017.
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Indraprastha Gas Ltd
Glance View
Indraprastha Gas Ltd. (IGL) has emerged as a pivotal player in India's energy sector, catering to the bustling city of Delhi and its adjoining regions with an indispensable service: the distribution of natural gas. The company was founded in 1998 and is intricately woven into the urban fabric by offering cleaner energy solutions through its vast pipeline network. IGL ensures the delivery of compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for households, industries, and commercial establishments. This operational strategy taps into the growing demand for eco-friendly alternatives, as cities worldwide push for reductions in carbon emissions. By partnering with major fuel retailers and having an extensive network of CNG stations, IGL has firmly established itself as a go-to provider for clean automotive fuel in Northern India. Financially, Indraprastha Gas Ltd. generates revenue primarily through the sale of these two core products: CNG and PNG. The company's strategy hinges on expanding its infrastructure to reach new customers, facilitating higher consumption of natural gas. As urbanization accelerates and policies increasingly favor environmentally sustainable practices, IGL has leveraged this shift, fostering consistent sales growth. Furthermore, its profitability is underscored by efficient operations and strategic pricing, which balances competitiveness with margin preservation. Amidst India's mounting energy needs, IGL not only profits from meeting current demands but is also poised to capture future market opportunities as it invests in scaled, resilient, and greener distribution networks.
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