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'Buy' Indraprastha Gas Shares Maintains HDFC Securities — Check Revised Target Price
Negligible impact of rupee weakness: IGL poised for gains, says HDFC Securities
09 Dec 2025, 11:48 AM IST 
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With APM gas prices remaining unchanged sequentially and INR depreciating by ~2%, the total gas cost increase for IGL’s DPNG segment comes to around Rs 0.5/scm. (Photo: Company website)
Indraprastha Gas is likely to see minimal impact on its earnings from the recent INR depreciation. The company sources about 40% of its CNG gas requirement from RLNG, and the QTD average JKM LNG price has eased to $11.15/mmbtu, down 5% from the previous quarter’s $11.79/mmbtu.
