Indraprastha Gas rises on the buzz of introducing Type three CNG Cascade

Indraprastha Gas rises on the buzz of introducing Type three CNG Cascade

by admin- Friday, April 12th, 2019 04:02:22 PM

Indraprastha Gas is presently buying and selling at Rs. 313.70, up through 6.50 factors or 2.12% from its previous closing of Rs. 307.20 at the BSE.

The scrip opened at Rs. 309.65 and has touched a excessive and coffee of Rs. 315.85 and Rs. 309.30 respectively. So a long way 52116 stocks have been traded on the counter.

The BSE organization ‘A’ inventory of face value Rs. 2 has touched a 52 week high of Rs. 320.30 on 02-Aug-2018 and a 52 week low of Rs. 215.20 on 08-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 318.10 and Rs. 304.70 respectively. The modern-day marketplace cap of the business enterprise is Rs. 22039.53 crore.

The promoters protecting inside the organization stood at forty five.00%, while Institutions and Non-Institutions held forty three.Sixty four% and 11.36% respectively.

Indraprastha Gas (IGL) has reportedly delivered the Type three CNG Cascade mounted on a CNG-pushed Medium Goods Vehicle (MGV) in collaboration with Tata Motors. The Type 3 cascade (cylinder casing) is a structured bunch of aluminium-coated, carbon fibre-wrapped cylinders. These extremely-mild weight cylinder cascades are approximately 70 in step with cent lighter than traditional metallic cylinders.

This service could be offered in areas that have CNG stations however wherein pipeline infrastructure is yet to attain. This will provide consumers get right of entry to to a sizeable amount of herbal fuel to begin their operations without having to anticipate pipeline infrastructure to develop.

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