Megha Engineering & Infrastructures Limited (MEIL), which is the second-biggest buyer of electoral bonds - at INR 9,660 million - and is facing corruption allegations, has put its city gas distribution business on the block, according to four industry executives aware of the development. Megha City Gas Distribution Private Limited (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corporation Limited (NSEI:IOC), Hindustan Petroleum Corporation Limited (NSEI:HINDPETRO), Bharat Petroleum Corporation Limited (NSEI:BPCL), and Indraprastha Gas Limited (NSEI:IGL).
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Other stock markets
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5-day change | 1st Jan Change | ||
476.8 INR | +1.36% | -2.10% | +13.97% |
06-11 | Indraprastha Gas Limited Announces Cessation of Ramesh Narain Misra as Independent Director | CI |
05-27 | Megha Engineering Reportedly to Sell City Gas Business | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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626.2 INR | +1.70% | +1.11% | 16.01B | ||
523.8 INR | +1.61% | -0.86% | 8.77B | ||
476.8 INR | +1.36% | -2.10% | 3.95B | ||
169 INR | +1.33% | +0.01% | 27.53B | ||
EPS Revisions
1st Jan change | Capi. | |
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+13.97% | 3.95B | |
-24.15% | 20.95B | |
+1.64% | 17.65B | |
+34.86% | 17.05B | |
-6.30% | 12.23B | |
+16.43% | 8.92B | |
+9.33% | 8.85B | |
+2.64% | 7.51B | |
-1.87% | 7.21B | |
+9.45% | 6.58B |
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