• SENSEX
    NIFTY 50
VIDEOS
Business

IGL says CNG volumes have recovered to 80% of pre-COVID levels

Updated : August 21, 2020 18:19:08 IST

Shares of Indraprastha Gas have been buzzing in trade after Nomura upgraded the stock to buy, seeing a 45 percent upside.

In an interview with CNBC-TV18, AK Jana, MD of IGL, said the company has seen has seen a sharp bounceback in volumes.

“We are selling 80 percent of volumes compared to before," he said, adding that domestic CNG sales were at 120 percent while industrial sales were at 80 percent.

"My projection is that by mid of Q3, we will be surpass the last year’s average sale of 6.5 mmcmd,” he said.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement