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Centrum Broking Report
Gujarat Gas Ltd. announced a price increase of Rs 4/standard cubic metre for industrial customers and a price increase of Rs 2/kilogram for the compressed natural gas segment with effect from August 24, 2021.
The effective price for the key region of Morbi is now at ~Rs 38/scm and CNG price in Gujarat is at Rs 54.45/kg (Rs 34/scm and Rs 52.45/kg earlier).
For non-Morbi customers, the effective industrial price would be ~Rs 40/scm or so.
The higher prices will help protect Gujarat Gas’ margins.
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