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In the quarter, the group received new orders totalling ₹1,207 Crore across Defence, Castings (Ferrous & Aluminium), and the core Forging business.

The price band of the issue has been fixed at ₹140 to ₹148 per share and investors can apply for minimum 101 shares in a lot.

The company also reported revenue from operations to ₹3433.7 Crore. The EBITDA margin for the quarter that ended on September 30, 2024 stands at 17.5%.

Spot gold had risen 0.4% to $2,571.11 an ounce, following a two-month low the previous week. On Friday, gold saw its largest weekly drop in almost three years.

The revised allotment is projected to have a substantial impact on IGL's operations, including its capacity to satisfy Compressed Natural Gas (CNG) sales levels.

The euro was temporarily stabilised at $1.0530 thanks to the drop, but it was still uncomfortably near the previous one-year low of $1.0496.

U.S. West Texas Intermediate crude prices were up 9 cents, or 0.1%, to $67.11 a barrel, while Brent crude futures had increased 20 cents, or 0.3%, to $71.24 a barrel.

In the second quarter of this fiscal year, the operating EBITDA loss was ₹30.7 Crore, compared to ₹40.1 Crore in the same period last year.

In the second quarter of this fiscal, EBITDA decreased by 8.1% to ₹972 Crore from ₹1,057 Crore in the same period last year.

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