Gas Pipeline Stock, GAIL increases domestic gas allocation of IRM Energy by 29%
The company stated that the revised allocation will positively impact its profitability.
Gas Pipeline Stock, GAIL increases domestic gas allocation of IRM Energy by 29%
The nodal agency of domestic gas allocation, GAIL (India) Limited has announced a 29% increase in the domestic gas allocation to IRM Energy Limited which will be effective from January 16, 2025, and this revision will raise the share of domestic gas in the CNG segment from 37% to 51%.
The company stated that the revised allocation will positively impact its profitability. Shares of IRM Energy were trading flat at Rs 340.60, down 0.39%, on the BSE. The company's stock hit a new 52-week low of Rs 335.50 on January 10, 2025.
IRM Energy, a small-cap entity in the gas transmission and marketing sector, views this revision as a significant step towards enhancing profitability in a challenging market environment.
Join PSU Connect on WhatsApp now for quick updates! Click here
Read Also : GRSE Delivers State-of-the-Art Zero-Emission Electric Ferry 'Dheu' to West Bengal
News Must Read
- RailTel and Microsoft Forge Five-Year Strategic Partnership to Drive AI Innovation
- CMD IREDA highlights contribution of firm in renewable financing at Pravasi Bharatiya Divas Convention
- Navratna CPSE, SECI Achieves Excellent Rating under MoU performance in FY24
- Bharat Electronics to Announce Quarter and Nine Months Results...Check Date
- Indian Navy received Mazagon Dock's 6th Scorpene Submarine ‘VAGHSHEER’
- IREDA Q3 Results in Focus: Revenue and Profit goes up
- REC Limited signed Rs 2.01 Cr agreement Under CSR
- NLCIL CMD conferred with Mining Innovation Award
- MOIL gets monetary penalty of Rs 17 Crore for Excess Production at Tirodi Mine
- NTPC Green Energy, RVUNL enters into JV NTPC Rajasthan Green Energy for RE parks