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Indraprastha Gas: Stock jumps after forming 50:50 JV with CEID for bio gas projects

Indraprastha Gas Limited announced a joint venture with CEID Consultants & Engineering Private Limited to set up compressed bio gas and biofuel projects with equal equity participation.

Introduction

Leading energy and infrastructure companies have formed a 50:50 joint venture to develop compressed bio gas and biofuel projects, with equal board representation and shared equity participation.

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Share price movement of Indraprastha Gas

On November 26, 2025, Indraprastha Gas Ltd opened at ₹196.00, up 0.56% from its previous close of ₹194.90. The stock reached a high of ₹198.50 (1.84%) and a low of ₹195.75. By 10:26 AM, it traded at ₹197.55, a 1.36% increase, with a market cap of ₹27,657.03 crore.

IGL and CEID Form Biofuel Joint Venture

Indraprastha Gas Limited announced that it has signed a joint venture agreement with CEID Consultants & Engineering Private Limited. The JV will focus on setting up compressed bio gas plants and biofuel projects.

The joint venture will have equal equity participation, with IGL and CEID holding 50% each. The board will initially include four directors, with two nominated by each partner.

Stock performance of Indraprastha Gas for Period of 1 week, 6 months, and 1 year

Indraprastha Gas Ltd delivered a 5.67% decline over the past week and recorded a 5.71% decline in the past six months. The stock gained 21.8% over the past year.

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Shareholding pattern of Indraprastha Gas

ParticularsSep 2025Jun 2025Mar 2025
Promoter45.00%45.00%45.00%
FII17.20%16.80%14.70%
DII29.10%29.00%31.20%
Public8.70%9.20%9.20%

About Indraprastha Gas

Indraprastha Gas Ltd (NSE: IGL), incorporated in 1998, operates city gas distribution in Delhi and nearby regions. It is a joint venture promoted by GAIL and BPCL, with Delhi government holding 5% equity.

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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.

FAQs

Q: Why is Indraprastha Gas Ltd share price going up today?

A: Indraprastha Gas Ltd share price is rising today as the company formed a 50:50 joint venture with CEID for bio gas projects.

Q: What does Indraprastha Gas Ltd specialize in?

A: Indraprastha Gas Ltd specializes in city gas distribution across Delhi and nearby regions, supplying gas to domestic, commercial, and industrial customers.

Q: How much stake do promoters hold in Indraprastha Gas Ltd stock?

A: Promoters hold a 45% stake in Indraprastha Gas Ltd stock, with GAIL and BPCL as main promoters.

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