Gujarat Gas, GAIL, and Petronet LNG stocks may gain if natural gas is included in GST
6 months, 1 week ago

Gujarat Gas, GAIL, and Petronet LNG stocks may gain if natural gas is included in GST

Live Mint  

In its latest note, global brokerage house Jefferies highlighted that the Modi government's renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL Ltd, and Petronet LNG Ltd. {{^adFree}} {{/adFree}} The brokerage noted that among the 4 key states that could hold sway, 3 are under the ruling NDA. The inclusion could potentially reduce natural gas costs by $0.8-0.9 per mmBtu, facilitating quicker adoption and boosting GAIL's transmission and trading volumes in the medium term. Meanwhile, Gujarat Gas's competitiveness relative to propane could improve by 6 percent, benefiting either volume or margins, and Petronet LNG could experience increased liquefied natural gas demand. Read here: Defence stocks PTC Industries, BEL, Mazagon Dock and 9 others gain up to 20% - here's why Gujarat Gas: The brokerage noted that the 6 percent VAT on NG sold in Morbi if subsumed under GST, would improve GUJGA's competitiveness to propane by ₹2.5/kg at current prices.

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History of this topic

City gas distribution stocks climb the wall of worry
4 days, 17 hours ago

City gas distribution stocks climb the wall of worry

Live Mint  

State-owned city gas distribution firms are bracing for a decline in earnings in the December quarter. Bringing natural gas under GST regime would enable CGDs to claim input tax credits for GST paid to vendors, potentially improving profitability amid rising input costs. “Following the surprise twin APM de-allocation for CGDs, gas costs shall increase by Rs1–3.5/scm for our coverage CGDs …

GAIL Q3 profit rises multifold to ₹3,193 crore on cheaper LNG
10 months, 3 weeks ago

GAIL Q3 profit rises multifold to ₹3,193 crore on cheaper LNG

Live Mint  

New Delhi: State-run GAIL on Monday reported a multifold jump in its consolidated net profit for the quarter ended December at ₹3,193.34 crore, buoyed by a fall in international prices of liquefied natural gas and increase in transmission tariff. On Monday, GAIL said it has concluded a long-term pact to buy around 0.5 million metric tonne per annum LNG from …

Gujarat State Petronet Limited shares hit 52-week high ahead of Q4 results
1 year, 7 months ago

Gujarat State Petronet Limited shares hit 52-week high ahead of Q4 results

Live Mint  

Ahead of Q4 earnings, Gujarat State Petronet Limited shares rallied by as much as 3% and touched their 52-week high mark of ₹298.40 apiece on BSE on Thursday. The company had declared a dividend of ₹5 per share of Rs10 each for FY2022-23.The company reported an 11% YoY rise in its net standalone profit to ₹224.33 crore in Q3FY23 against …

New pricing to benefit gas distributors
1 year, 8 months ago

New pricing to benefit gas distributors

Live Mint  

Gas distribution companies have emerged as major beneficiaries of the implementation of the Kirit Parikh Committee recommendations which has seen domestic gas prices revised down to $6.5 per mmBtu from $8.57 per mmBtu earlier. The key recommendations of Kirit Parikh Committee on natural gas pricing accepted included imposing a floor price of $4/mmBtu and ceiling on prices of $6.5/mmBtu, to …

CNG, PNG prices drop, which oil and gas stocks to buy?
1 year, 8 months ago

CNG, PNG prices drop, which oil and gas stocks to buy?

Live Mint  

After the government passed on several key recommendations of Kirit Parikh's committee, major oil and gas companies have started to trim their natural gas such as CNG and PNG prices. In a report, research analysts at ICICI Direct said, "With the implementation of this pricing, APM gas prices would be subjected to a floor and ceiling price of $4/mmbtu and …

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here
1 year, 8 months ago

GAIL Gas cuts CNG, PNG prices after IGL, MGL; check revised prices here

Live Mint  

GAIL Gas Ltd, the city gas arm of the nation's largest gas firm GAIL Ltd, announced a reduction of up to ₹7 in the prices of CNG and piped cooking gas. GAIL Gas cut the price of the gas that households received through piped natural gas, or PNG, by ₹7 per standard cubic metre in Bengaluru and Dakshin Kannada and …

Petronet to invest ₹40,000 crore in 5 years
2 years, 3 months ago

Petronet to invest ₹40,000 crore in 5 years

The Hindu  

Petronet LNG Ltd, India's biggest gas importer, will invest ₹40,000 crore in the next five years for expanding import infrastructure as well as foraying into new business to boost profitability to ₹10,000 crore. Petronet said it is raising import capacity of the Dahej terminal from 17.5 million tonnes per annum to 22.5 million tonnes at an estimated cost of ₹600 …

CNG price hiked by ₹2.50 per kg for second day in a row in national capital
2 years, 8 months ago

CNG price hiked by ₹2.50 per kg for second day in a row in national capital

The Hindu  

Compressed Natural Gas prices in the national capital on April 7 were hiked for the second day in a row by ₹2.50 per kilogram, taking the total increase since March to ₹12.5 per kg. CNG prices in Delhi have increased by ₹12.48 per kg since March when city gas distributors started factoring in high international energy prices. On Thursday, Mahanagar …

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