City Gas Distribution Post Conference Outlook By Prabhudas Lilladher
Gas pipeline. (Photographer: Luke Sharrett/Bloomberg)

City Gas Distribution Post Conference Outlook By Prabhudas Lilladher

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.

Prabhudas Lilladher Report

We hosted four city gas distribution players, a retired policy expert and a Morbi based ceramic major to understand growth drivers for CGD sector.

All CGD participants were extremely positive on growth prospects and expect accelerated development ahead. We sensed that the recent regulatory clarifications added to their comfort.

Steep discounts to petrol and diesel is driving compressed natural gas volumes and overall margins for CGDs. The CGD players are fairly confident in meeting their aggressive minimum work programme commitment.

The ceramic major also highlighted that Indian exports will likely rise to Rs 140 billion in FY22E (Rs 90-100 billion for FY21) and players may not be able to keep pace with demand opportunities.

Click on the attachment to read the full report:

Prabhudas Lilladher CGD Day Post Conference Note.pdf

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.