IRM Energy Limited (IRMENERGY.NS)
IRM Energy Limited operates in the Regulated Gas industry of the Utilities sector, headquartered in Ahmedabad, GU, IN. The stock last traded at $296.00, up 0.29% on the session, giving a market capitalisation of $12.15B. Its beta of 2.06 implies it has historically moved more than the broad market.
IRM Energy Limited is an Indian firm primarily engaged in the development, management, and expansion of urban natural gas distribution infrastructure across the nation. Its operations are localized across specific territories including Banaskantha, Fatehgarh Sahib, Diu & Gir Somnath, and Namakkal and Tiruchirappalli. The company delivers its services to a diverse customer base, encompassing industrial, commercial, domestic, and vehicular sectors. As of March 31, 2023, its extensive network supplied 48,172 domestic connections, 179 industrial facilities, 248 commercial premises, and 62 compressed natural gas (CNG) retail stations. Initially established as IRM Energy Private Limited, the company formally adopted its current name, IRM Energy Limited, in March 2022. Founded in 2015, its corporate headquarters are situated in Ahmedabad, India.
IRM Energy Limited is most often compared with the following Utilities names: