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The Economic Times
The Economic Times
Debaroti Adhikary

IGL, MGL, Adani Total Gas shares rally up to 6% as govt boosts domestic PNG push

PNG Adani Total Gas Mahanagar Gas CGD

Shares of city gas distributors jumped by up to 6% on Wednesday after the government approved an incentive scheme to promote domestic PNG connections, which it called a major initiative to bring clean, safe and affordable piped cooking gas to households across the country.

Mahanagar Gas (MGL) shares jumped nearly 6% to trade at Rs 1,173 apiece on Wednesday morning, while those of Indraprastha Gas (IGL) and Adani Total Gas jumped over 5% each despite an overall muted market sentiment.

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