IRM Energy
325.15
-7.25(-2.18%)
Market Cap₹1,364.80 Cr
PE Ratio33.08
IndustryOil & Gas
Company Performance:
1D-2.18%
1M-1.50%
6M+8.55%
1Y-22.44%
5Y-31.28%
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More news about IRM Energy
01Aug 25
IRM Energy Reports Q1 Results, Declares Rs. 1.50 Dividend and Approves Merger Plans
IRM Energy's Q1 consolidated profit after tax decreased to Rs. 139.21 million from Rs. 187.03 million year-over-year. Revenue from operations increased to Rs. 2,854.78 million, driven by a 14% rise in sales volume. The company declared a dividend of Rs. 1.50 per share and approved plans for a potential merger with Enertech Distribution Management Private Limited. CNG segment sales volumes grew by 21%, while industrial PNG segment showed modest 3% growth. The company continues to expand its City Gas Distribution infrastructure and expects future volume growth.
16Apr 25
IRM Energy Implements Strategy to Offset 20% APM Gas Allocation Cut
IRM Energy Limited faces a 20% reduction in Administrative Price Mechanism (APM) gas allocation from April 16, 2025, as communicated by GAIL (India) Limited. The company has proactively addressed this by securing New Well Gas (NWG) to compensate for the decrease. Management assures that necessary steps have been taken to minimize adverse impacts on profitability.
27Mar 25
IRM Energy Secures 5-Year RLNG Supply Contract with Shell Energy India
IRM Energy Limited has entered into a five-year Regasified Liquefied Natural Gas (RLNG) purchase agreement with Shell Energy India Private Limited. The contract involves a total quantity of 1,23,21,200 MMBtu (approximately 326.84 mmscm) with a Gross Calorific Value of 9500 k/cal. This agreement aims to ensure stable and affordable energy supplies for IRM Energy's customers, supporting industrial and commercial growth while promoting cleaner energy adoption.
26Mar 25
IRM Energy Secures 5-Year RLNG Supply Contract with Shell Energy India
IRM Energy Limited has signed a 5-year Regasified Liquefied Natural Gas (RLNG) purchase agreement with Shell Energy India Private Limited. The deal involves a total quantity of 1,23,21,200 MMBtu, aimed at ensuring stable and affordable gas supply for Industrial and Commercial customers. This strategic partnership is expected to strengthen IRM Energy's sourcing portfolio and enhance its ability to provide cleaner fuel solutions, contributing to India's energy security and sustainability goals.
10Mar 25
IRM Energy Expands CNG Network: 100th Station Inaugurated in Gujarat
IRM Energy has opened its 100th Compressed Natural Gas (CNG) station in Banaskantha, Gujarat. This milestone underscores the company's rapid growth in India's alternative fuel sector and its commitment to expanding cleaner fuel infrastructure. The strategic location in Banaskantha, one of Gujarat's largest districts, serves a wide market range. This expansion aligns with India's push towards cleaner energy alternatives, strengthening IRM Energy's market position and supporting the country's environmental goals.
IRM Energy
325.15
-7.25
(-2.18%)
1 Year Returns:-22.44%
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