IGL forms 50:50 JV with HWT for Compressed Bio Gas plants

Marquee JV announcedStrategic Transactions View source PDF Explain this filing

IGL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹194.01

prior close

₹197.89

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-0.3% vs market

LPG/CNG/PNG/LNG Supplier peers, median of 6sector+1.0%-0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Smallcap 250 and 0.3 pts less than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-1.2

15m

-0.9

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+1.0-0.3+1.0-0.3

Next day

+1.3+1.4-0.1+1.1+0.2

-0.4+1.4-1.8+0.2-0.5

-0.3+1.3-1.5+1.1-1.4

+0.3+0.7-0.4+0.2+0.1

-1.5+0.5-2.0+0.3-1.8

-1.1+1.6-2.7+3.9-5.0

15d

-6.4-1.2-5.2-1.7-4.8

-7.4-4.8-2.6-3.2-4.2

-12.5-2.3-10.1-3.1-9.4

-23.9-13.3-10.6-14.2-9.6

UpDownMarket · Nifty Smallcap 250Sector · LPG/CNG/PNG/LNG Supplier peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IGL has signed a Joint Venture Agreement with Hindustan Waste Treatment Private Limited (HWT) to set up Compressed Bio Gas plants and biofuel projects. The JV will be a 50:50 partnership with equal equity participation from both sides. The JV board will have two directors nominated by each party. The transaction is not a related party transaction.

Likely market impact

Expands IGL into biofuel and clean energy segment via 50:50 JV; modest near-term impact on revenue and earnings.