BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Gujarat State Petronet Ltd. reported numbers in-line with our estimates, with volumes at 37.5 million metric standard cubic meter (improves QoQ – supported by growth in city gas distribution and the fertilizer sector).
We continue to remain optimistic about volume growth for the company as CGD volumes grow further on the back of festive season demand and economy opening up to its fullest, and higher offtake from the ramp-up/commissioning of fertiliser plants over the next couple of quarters.
We expect spot liquefied natural gas prices to return to normal levels post winter (i.e. end of FY22) as seasonal gas demand subsides, with supply constraints being resolved.
Reliance Industries Ltd. has bought ~8mmscmd (4.8mmscmd/3.2mmscmd in auction-II/III) of its own Krishna-Godavari basin gas.
Various companies have procured gas in two rounds of auctions. We believe substantial volume will flow to Gujarat and thus on the pipeline of Gujarat State Petronet.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR