Introduction:
Leading gas company has signed a 5-year RLNG supply agreement with Shell Energy India, ensuring stable and cost-effective energy for industrial and commercial customers while supporting India’s energy security and sustainability goals through cleaner fuel solutions.
Also Read: PSU stock jumps 4% after signing MoU worth ₹25,000 Cr with MAHAPREIT for housing projects
Share price movement of IRM Energy:
On March 27, 2025, IRM Energy Ltd opened at ₹265.85, unchanged from its previous close. The stock surged to a high of ₹303.00 (13.98%) and a low of ₹265.85. By 12:12 AM, it traded at ₹293.30, up 10.33%, with a market cap of ₹1,204.28 crore.
IRM Energy Secures 5-Year RLNG Supply Deal with Shell Energy India:
IRM Energy has signed a 5-year contract with Shell Energy India for the supply of Regasified Liquefied Natural Gas (RLNG). The agreement covers 1,23,21,200 MMBtu, ensuring stable and cost-effective energy access.
The deal strengthens IRM Energy’s strategic position, enhancing energy security for industrial and commercial customers. Signed in the presence of Director Shri Badri Mahapatra, the agreement highlights IRM’s commitment to cleaner and affordable fuel solutions, aligning with India’s sustainability goals.
Recent news on IRM Energy:
As of February 11, 2025, IRM Energy Ltd reported a 57.53% decline in net profit to ₹10.10 crore for Q3 FY24, while sales increased 10.90% to ₹250.75 crore compared to the previous year.
Stock performance of IRM Energy for Period of 1 week, 6 months, and 1 year:
IRM Energy Ltd delivered a 1.90% return over the past week, but declined by 39.5% in the past six months. The stock dropped 44.7% over the past year.
Shareholding pattern of IRM Energy:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 50.10% | 50.10% | 50.10% |
| FII | 1.70% | 1.90% | 0.50% |
| DII | 7.00% | 6.80% | 11.20% |
| Public | 41.30% | 41.30% | 38.30% |
About IRM Energy:
IRM Energy Ltd (NSE: IRMENERGY), incorporated in 2015, is a gas distribution company with exclusive rights to develop and expand natural gas networks in Banaskantha, Fatehgarh Sahib, Diu & Gir Somnath, and Namakkal Tiruchirapalli.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
