Government revises HPHT gas allocation norms for IGL and MGL
City gas distribution shares are in focus after the government revised the high-pressure high-temperature (HPHT) gas allocation mechanism, with IGL and MGL highlighted.
Shares of city gas distribution companies, particularly Indraprastha Gas and Mahanagar Gas, are in focus after the government revised the allocation mechanism for high-pressure high-temperature gas. The revised formula is expected to improve access to relatively cheaper gas.