Nirmal Bang: Indraprastha Gas - City Gas Distribution Expansion Aided By New Markets To Drive Growth

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Indraprastha Gas Ltd. management expects gas demand outlook to revive from H2 FY21 and is planning massive investments in city gas distribution network expansion in existing areas across NCT/NCR in Delhi as well as the new geographical area licenses – which the company won in the ninth and 10th rounds of bidding conducted by the Petroleum and Natural Gas Regulatory Board.The company’s capex target for FY21 is Rs 13.7 billion, which the management hopes to achieve despite the delays suffered in Q1 FY21 due to the lockdown forced by the Covid-19 outbreak.Key initiatives to develop new gas markets include converting DG sets to gas, domestic appliances running on gas, H-CNG (hydrogen-CNG mix), liquefied natural gas retailing and electric vehicle charging services.Equally interesting is the management’s plan to look for inorganic growth opportunities. .Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Nirmal Bang: Indraprastha Gas - City Gas Distribution Expansion Aided By New Markets To Drive Growth

Nirmal Bang: Indraprastha Gas - City Gas Distribution Expansion Aided By New Markets To Drive Growth

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