Indraprastha Gas Limited (IGL) Latest Updates

Stock Performance and 52-Week LowOn March 4, 2026, IGL shares dropped over 4% to hit a new 52-week low of ₹158.30. The stock has faced a persistent downward trend, losing approximately 7% in just three sessions. This decline is attributed to ongoing sector-wide pressure and investor caution regarding the company’s ability to maintain high margins amid rising input costs. Interim Dividend and Record Date The Board of Directors declared an interim dividend of ₹3.25 per share (162.5% of face value) for the financial year 2025-26. The record date for determining eligible shareholders was February 19, 2026, and the total dividend payout is estimated at approximately ₹455 crore. Expansion into Compressed Biogas (CBG)During India Energy Week in late January 2026, IGL signed MoUs with 22 potential partners to develop CBG projects across India. The company aims to offtake nearly 100–150 tonnes of CBG per day in the near term. This is part of a broader diversification strategy to reduce reliance on conventional natural gas and integrate renewable energy into its distribution network. Piped Natural Gas (PNG) Price CutEffective January 1, 2026, IGL reduced the prices of Domestic Piped Natural Gas (PNG) by ₹0.70 per SCM across Delhi and the NCR. Following this revision, the price in Delhi was set at ₹47.89 per SCM. The reduction followed a tariff overhaul by the Petroleum and Natural Gas Regulatory Board (PNGRB), aimed at making clean energy more affordable for residential consumers. Operational Targets for FY26 The company has outlined a capital expenditure (Capex) plan of ₹1,900–2,200 crore for the current fiscal year, with a significant portion dedicated to expanding its core gas network and the remainder for diversification into LNG for long-haul transport and EV charging infrastructure. IGL aims to reach a volume exit rate of 10 mmscmd (million metric standard cubic meters per day) by the end of March 2026.