IGL has recently announced a 20% reduction in its domestic gas allocation, which is expected to have a negative impact on the company's profitability.

The company has acknowledged that this reduction will affect its financial performance and is actively exploring various options to mitigate the consequences. In response to the reduced allocation, IGL is currently in discussions to potentially raise gas prices, which could be passed on to customers. Additionally, the company is in talks with multiple gas suppliers to secure both short-term and long-term supply solutions to meet its demand.

This strategic move follows the notification of the allocation reduction on October 16.