IGL, Mahanagar Gas, Gujarat Gas Annual Report Analysis-Building India’s Energy Future Together: Motilal Oswal
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Motilal Oswal Report
With city gas distribution operations set to start in newer geographies, their contribution to total natural gas consumption in India is expected to grow in the coming years from the current 20%.
The government has taken various measures in FY21, including the start of an Indian gas exchange and revision in its transport tariff policy, which would aid growth of the industry and transform India into a vibrant gas market.
Here are the key takeaways from the annual reports of all listed CGDs:
Indraprastha Gas Ltd. added 0.3 million new piped natural gas connections, which is the highest number of connections provided by any CGD in a single financial year, taking its total number of consumers to 1.7 million.
Gujarat Gas Ltd.’s addition of new compressed natural gas stations stood at 150 (the highest in its history).
For Indraprastha Gas, the same stood at 62, while Mahanagar Gas Ltd. added only 15 CNG stations.
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