Dolat Capital: Gujarat Gas - Annual Report Analysis FY20 - Leadership Position Of Largest CGD Company
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Dolat Capital Report
Growing environmental concerns and imminent threats to the ecosystem have compelled the world to identify opportunities for developing clean energy.
Natural gas is the cleanest and most efficient of the fossil fuels.
It is only fossil fuel whose share of primary energy mix is expected to grow, as it has the potential to play an important role in the world’s transition to a cleaner, more affordable and secure energy future due to it high energy content, which results in lower emissions of carbon and volatile organic compounds at combustion, relative to coal and oil.
Gujarat Gas has an expanse of around 1,69,700 square kilometer of licensed area under its umbrella and continues to hold the leadership position of being the largest City Gas Distribution company in terms of market share catering to more than 14.4 lakh residential consumers, over 12,600 commercial customers, dispensing compressed natural gas to 396 CNG stations for vehicular consumers and providing clean energy solutions to over 3,700 industrial units through its wide spread operations with around 24,300 km of Natural Gas pipeline network.
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