BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Key business perspectives from Annual Reports of Indraprastha Gas Ltd., Mahanagar Gas Ltd. and Gujarat Gas Ltd.
The government intends to increase the share of natural gas in India’s primary energy mix to 15% by 2030 from 6% currently.
To promote a clean-fuel economy, the government has adopted a systematic approach to focus on all aspects – upstream, midstream, and downstream, including city gas distribution (CGD) network development.
We look at the Annual Reports of all the listed CGDs to understand the key takeaways.
Customer additions across segments for all companies -Indraprastha Gas added 270,000 new residential consumers, a strong 22% addition, taking the total number of consumers to 1.4 million.
In comparison, Mahanagar Gas added 100,000 consumers, taking the total to 1.26 million households.
Gujarat Gas also added 93,000 households, taking the total number to 1.4 million.
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