Gujarat State Petronet Management Meet Update - Volumes Back To Normal: Motilal Oswal
Gujarat State Petronet Gas pipelines. (Image: Company website)

Gujarat State Petronet Management Meet Update - Volumes Back To Normal: Motilal Oswal

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Motilal Oswal Report

We interacted with the management of Gujarat State Petronet Ltd. to understand the current business prospects, along with its long-term growth vision. We highlight key near-term triggers for the stock.

The management reiterated their volume guidance and expects over 10% volume compound annual growth rate over the next three to five years.

Gas volumes moved away from spot liquefied natural gas as prices saw an abrupt spike in January-February 2021, however refinery/petrochemical demand has returned to normal levels (it was ~7 million metric standard cubic meter per day in Q3 FY21 versus ~12mmscmd in FY20).

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Motilal Oswal Gujarat State Petronet Company Update.pdf

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