Mumbai, 13 November (Udaipur Kiran)। Indraprastha Gas Ltd (IGL) shares gained over 2% in Thursday’s trade after the company’s board approved an Alliance-cum-Partnership Agreement with Saudi Arabia–based MASAH Construction Company. The collaboration aims to participate in the pre-qualification process for licenses to develop Natural Gas Distribution (NGD) networks across multiple industrial cities in the Kingdom of Saudi Arabia (KSA).
On the BSE, the stock was trading at ₹215.35, up ₹5.20 or 2.47% from the previous close of ₹210.15. It opened at ₹208.85, hitting the day’s high of ₹216.55 and a low of ₹205.45. More than 1.88 lakh shares have changed hands so far. The company’s market cap now stands at ₹30,205.03 crore.
The BSE group ‘A’ stock has touched a 52-week high of ₹229.20 (9 July 2025) and a 52-week low of ₹153.25 (21 November 2024). Promoters currently hold 45%, while institutions and non-institutions own 46.28% and 8.72% respectively.
The board cleared the proposal in its meeting held on 12 November 2025. The partnership is expected to support IGL’s international expansion plans and open new avenues in the growing global natural gas distribution sector.
Indraprastha Gas is a leading city gas distribution (CGD) company supplying CNG and PNG across Delhi-NCR, including Noida, Greater Noida, Ghaziabad, Gurugram, Meerut, Shamli, Muzaffarnagar, Karnal and Rewari.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.