A gas pipeline. (Photographer: Callaghan O’Hare/Bloomberg)
Gujarat Gas Ltd. stands out among peers as the bulk of its demand comes from one industry. There lies its strength. And a potential risk too. But analysts aren’t concerned. While the city gas distributor dominates Gujarat, ceramic firms in the western Indian state’s Morbi region are among the biggest consumers of its fuel. Chemical and agrochemical makers follow. All three are growing industries. The consumption at factories, howev...