Indian gas stocks up on govt panel's price recommendation

Indraprastha Gas

30/11/2022 10:06

** Shares of multiple Indian gas stocks rise as much as 
between 1% and 4.3%, after a govt panel favours ending control
on pricing of gas from old blocks
    ** Panel head Kirit Parikh, in an interview with CNBC TV18
on Wednesday, said it had recommended ending control on pricing
of gas output from old blocks from January 2027, confirming a
Reuters report published on Nov. 29  urn:newsml:reuters.com:*:nFWN32Q0PC
    ** Panel could also suggest a road map to end the
government's role in gas pricing from 2026, Reuters had reported
    ** Shares of Indraprastha Gas Ltd  IGAS.NS  jumps as much as
 4.3% to 452 rupees, a peak since Jan 19
    ** Mahanagar Gas Ltd  MGAS.NS  rises as much as 2.8% to a
more than 3-month peak of 922.50 rupees
    ** Gujarat Gas Ltd  GGAS.NS  was up as much as 2% to 508.65
rupees
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))