Latest IGL Dividend Announcement
Indraprastha Gas Limited (IGL), one of India’s leading natural gas distribution companies, has declared an interim dividend of Rs. 10.00 per share for the financial year 2022-23. The announcement of the dividend is likely to be received positively by the company’s shareholders, as it reflects IGL’s continued commitment to reward its investors. The ex-date and record date for the dividend have been set for 31 March 2023.
IGL is a joint venture between GAIL (India) Limited, Bharat Petroleum Corporation Limited, and the Government of the National Capital Territory of Delhi. The company supplies natural gas to households, commercial establishments, and industrial units in Delhi, Noida, Greater Noida, Ghaziabad, and Rewari.
IGL has consistently delivered strong financial performance, driven by its efficient operations, expanding customer base, and increasing demand for natural gas. The company has also been proactive in exploring new business opportunities, such as setting up compressed natural gas (CNG) stations and promoting the use of natural gas as a clean fuel for transportation.
The interim dividend declared by IGL reflects the company’s financial strength and stable cash flows. It is also a sign of the company’s commitment to returning value to its shareholders. The ex-date and record date have been set for 31 March 2023, which means that shareholders who own shares of the company before this date will be eligible to receive the dividend.
IGL Share Price
IGL Technical Analysis
IGL Dividend History
| Security Code | Security Name | Ex Date | Purpose | Record Date |
|---|---|---|---|---|
| 532514 | INDRAPRASTHA GAS LTD. | 04 Sep 2007 | Dividend – Rs. – 3.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 14 Jul 2008 | Dividend – Rs. – 4.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 20 Jul 2009 | Dividend – Rs. – 4.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 17 Aug 2010 | Dividend – Rs. – 4.5000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 19 Jul 2011 | Dividend – Rs. – 5.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 24 Jul 2012 | Dividend – Rs. – 5.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 20 Aug 2013 | Dividend – Rs. – 5.5000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 02 Sep 2014 | Dividend – Rs. – 5.5000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 09 Sep 2015 | Dividend – Rs. – 6.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 16 Sep 2016 | Dividend – Rs. – 6.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 29 Nov 2016 | Interim Dividend – Rs. – 3.5000 | 30 Nov 2016 |
| 532514 | INDRAPRASTHA GAS LTD. | 18 Sep 2017 | Final Dividend – Rs. – 5.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 09 Nov 2017 | Stock Split From Rs.10/- to Rs.2/- | 10 Nov 2017 |
| 532514 | INDRAPRASTHA GAS LTD. | 14 Sep 2018 | Dividend – Rs. – 2.0000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 12 Sep 2019 | Final Dividend – Rs. – 2.4000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 17 Sep 2020 | Final Dividend – Rs. – 2.8000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 16 Sep 2021 | Final Dividend – Rs. – 3.6000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 15 Sep 2022 | Final Dividend – Rs. – 5.5000 | – |
| 532514 | INDRAPRASTHA GAS LTD. | 07 Feb 2023 | Interim Dividend – Rs. – 3.0000 | 07 Feb 2023 |
| 532514 | INDRAPRASTHA GAS LTD. | 31 Mar 2023 | Interim Dividend – Rs. – 10.0000 | 31 Mar 2023 |
About IGL
Indraprastha Gas Limited (IGL) is a leading natural gas distribution company in India. The company was established in 1998 as a joint venture between GAIL (India) Limited, Bharat Petroleum Corporation Limited and the Government of the National Capital Territory of Delhi.
IGL has a strong customer base and provides natural gas to households, commercial establishments and industrial units in Delhi, Noida, Greater Noida, Ghaziabad and Rewari. The company has a network of pipelines that covers over 13,000 kilometers, which ensures the efficient distribution of natural gas to its customers.
IGL has been a pioneer in promoting the use of natural gas as a cleaner fuel for transportation. The company has set up over 500 CNG stations across its operational areas, which has helped reduce pollution levels significantly. IGL has also been actively involved in promoting the use of natural gas as a fuel for public transport and has partnered with several state governments to set up CNG-based public transport systems.
IGL has a strong focus on innovation and has been constantly exploring new business opportunities. The company has diversified its business portfolio by venturing into the production of bio-CNG and the setting up of waste-to-energy plants. These initiatives are aimed at promoting sustainable and eco-friendly practices.
IGL’s financial performance has been impressive over the years, driven by its efficient operations, expanding customer base and increasing demand for natural gas. The company has consistently delivered strong financial results, which is a testament to its robust business model and efficient operations.
In conclusion, Indraprastha Gas Limited is a leading natural gas distribution company in India with a strong focus on sustainability and innovation. The company’s efficient operations, expanding customer base and increasing demand for natural gas make it an attractive investment opportunity for investors looking to gain exposure to the natural gas distribution industry. With its continued focus on innovation and sustainability, IGL is well-positioned for growth in the years to come.