A prominent energy distribution company is set to make a significant announcement that could impact shareholders and market dynamics. The upcoming board meeting promises to explore a potential bonus share issuance, a strategic move that often signals financial strength and investor confidence.

Investors and market watchers are closely monitoring the developments, with trading windows already being adjusted to accommodate this important corporate action. 

Share Price Movement 

The share price of  Indraprastha Gas Limited went up by 6.55 percent to Rs. 383.85 per share on Thursday, an increase from its previous close of Rs. 360.25 per share. The market capitalisation now stands at approximately Rs. 26,617 crore as of December 05, 2024.

What happened 

Indraprastha Gas’s Board of Directors is scheduling a meeting on December 10, 2024, to discuss issuing bonus shares, subject to shareholder approval. The trading window will close from December 4, 2024, until 48 hours after the meeting’s outcome.

Q2 Financial Highlights

According to its recent filing, in the quarter ending September 2024, Indraprastha Gas’s consolidated revenue from operations has increased by 6.8 percent YOY from Rs. 3,697 crore in Q2 FY24 to Rs. 3,459 crore in Q2 FY25 and increased by 4.9 percent QoQ from Rs. 3,521 crore in Q4 FY24. 

The company’s consolidated net profit has decreased by 19.4 percent, from Rs. 535 crore in Q2 FY24 to Rs. 431 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 7.4 percent QoQ from Rs. 401 crore.

Market Outlook 

The Indian natural gas industry is poised for growth, according to the information provided. The Indian economy is expected to register a GDP growth of around 6.5% in 2023–24. Natural gas is considered one of the cleanest fossil fuels available in India, currently accounting for around 6.7% of the country’s primary energy mix.

The government plans to develop a gas-based economy and increase the share of natural gas in the energy mix to 15% by 2030, driven by growth in the transport, residential, and energy sectors. Overall, the industry outlook appears positive, with the government’s focus on expanding the natural gas infrastructure and utilisation across various sectors.

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Shareholding Pattern

As of the December 2024 shareholding pattern, Indraprastha Gas Limited is primarily held by the promoters at 45 percent, foreign institutional investors hold 19.29 percent, and the public with 7.53 percent.

About Company

Indraprastha Gas Limited (IGL), a key player in India’s natural gas industry, was established on December 23, 1998. It entered the market by taking over the Delhi City Gas Distribution Project in 1999. As a joint venture between GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd., IGL enjoys a robust foundation to drive its growth. The company’s mission focuses on delivering safe, clean, and efficient natural gas solutions to urban consumers across the country.  

IGL serves diverse regions, including Delhi, Noida, Ghaziabad, and parts of Haryana and Rajasthan, with an expanding pipeline network. It offers compressed natural gas (CNG) for vehicles, piped gas (PNG) for households, and regulated liquefied natural Gas (R-LNG) for industries. Over the years, the company has increased its infrastructure with over 1,000 kilometres of pipelines and numerous CNG stations, meeting the surging demand.  

With consistent financial growth and recognition for safety and innovation, IGL continues advancing cleaner energy solutions, significantly reducing urban pollution. Its customer-focused approach ensures reliability and sustainability, cementing its leadership in India’s gas distribution sector.

Written By Fazal Ul Vahab C H

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