Regulatory Reforms Power IGL to Multi-Month Highs

Shares of Indraprastha Gas Ltd

rose 3.02% on July 4, closing at ₹226.10—its highest level (Intraday High of 229) since October 22, 2024. The upmove came after the Petroleum and Natural Gas Regulatory Board (PNGRB) approved key reforms under the Natural Gas Pipeline Tariff Regulations, 2025. The unified tariff zones have been reduced from three to two, with the benefit of Zone 1 tariff now extended nationwide to both CNG and PNG segments. Despite the intraday breakout above the ₹227 resistance level, the stock closed slightly below it. IGL, a joint venture of GAIL and BPCL, operates with a market cap of ₹31,675 Cr and offers a strong dividend yield of 4.64% Disclaimer: This post is intended solely for informational purposes and should not be construed as a recommendation to buy, sell, or hold any security. Investors/Traders are advised to consult their certified financial advisor before making any investment decisions.