IGL share price gains. (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

IGL Share price spiked over 1.5% on Wednesday, after it rose over 6% on Tuesday following changes in the tax implications on gas that is sourced from Gujarat. This marks two straight session of gains for the stock.

Source to NDTV Profit said earlier that, previously a 15% Value Added Tax was charged, but from October 1, a 2% Central Sales Tax will be charged.

This move is expected to reduce the cost incurred by IGL in sourcing the gas and hence has the potential to have a positive impact on the company's margins.

Indraprastha Gas Ltd’s Earnings Before Interest, Taxes, Depreciation, and Amortisation can see a boost by Rs 1–1.5 per standard cubic meter (scm), representing a more than 24

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