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GAIL expects its natural gas transmission volumes to expand 12% and polymer sales to double this financial year, its chairman Sandeep Kumar Gupta has said at the AGM. GAIL also expects the new levelized tariff determined by the regulator for its integrated pipelines to help boost its transmission revenues. ....
After remaining under pressure for a long time, analysts are forecasting a comeback of Utilities stocks. IGL is back on the radar and so is GSPL. For the purpose of this report, we have selected stocks wherein the count of analysts is at least 20 and the average stock report plus score is a minimum of 7. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. ....
City gas distributors sold 19.4 million metric standard cubic meters a day (mmscmd) of CNG in six months to March 2023, up 51% from October 2020 to March 2021 period, oil ministry data showed. In the same period, the sale of piped natural gas (PNG) meant for cooking at home rose 11% to 2.9 mmscmd. ....
India s LPG import dependence jumped to 64% in 2022-23 from 49% six years earlier as cooking gas consumption expanded 32% while domestic production went up only 14%, according to the petroleum and natural gas ministry data. ....