Mahanagar Gas rose 2.87% to Rs 1173.90 after the company reported 27.72% jump in net profit to Rs 212.77 crore on 4.53% rise in revenue from operations to Rs 717.66 crore in Q4 FY21 over Q4 FY20.
The company s net profit has declined 2.04% while revenue from operations increased 7.69% in Q4 FY21 over Q3 FY21.
The company s total sales volume rose 2.11% to 260.25 SCM (standard cubic metre) million in Q4 FY21 compared with 254.87 SCM million in Q3 FY21.
While the city gas distributor s CNG volumes jumped 5.12% to 182.14 SCM million, the total PNG volumes have declined 4.29% to 78.11 SCM million in Q4 FY21 over Q3 FY20.
EBIDTA in the fourth quarter remained almost flat at Rs 316.16 crore in Q4 FY21 over Q3 FY21. EBIDTA margin was at 44.05% as on 31 March 2021 as against 47.53% as on 31 December 2020.
AGIG starts supplying hydrogen blended gas to Adelaide
Australian Gas Networks (AGN), part of Australian Gas Infrastructure Group (AGIG), has officially opened its A$14.5mn ($11.2mn) Hydrogen Park South Australia (HyP SA) green hydrogen plant and started adding the fuel into the Adelaide natural gas network, AGIG said on May 19.
AGN will provide a blend of 95% natural gas, 5% hydrogen to more than 700 homes in parts of the Adelaide suburb of Mitchell Park. AGN received a A$4.9mn grant from the South Australian government’s Renewable Technology Fund to build and operate the plant. HyP SA is an Australian first and one of only a few projects in the world to deliver a renewable gas blend to homes connected to an existing gas network, AGIG CEO Ben Wilson said. The hydrogen produced at HyP SA shows how we can use the state’s abundant solar and wind resources to deliver carbon-free gas to homes and businesses.”
Canada’s Suncor, ATCO plan blue hydrogen project
May 12, 2021 3:45:pm
Summary
by: Dale Lunan
Canadian integrated oil and gas producer Suncor Energy and Alberta utility ATCO said May 11 they were in the early design and engineering stages for a project near Edmonton that would produce 300,000 mt/yr of blue hydrogen and reduce the province’s CO2 emissions by more than 2mn .
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perfect but that that is what they were talking about, that can be your tank. you have this high minded obama line that, we cannot look at the short-term solutions that people will say it, four years ago he was saying the prices of gas are high, and elect me, in a few years we will figure it outs. it s been a few years. governor rendell, you have a question? the one thing that i think we can do in the medium term, how long would it take with good presidential leadership to build a distribution network to make natural gas available, at least to all of america s fleets? because natural gas, i m told right now is half to fuel a car, half what the price of petroleum, that with competition with a robust natural gas distribution network would cause petroleum prices to come down? it would be a multi-year effort, and it s a big