Nirmal Bang: Raise GAIL India Target Price On Unified Tariff, Petchem Gains
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.
Nirmal Bang Report
The unified tariff regulation notified by the Petroleum and Natural Gas Regulatory Board last week is designed to be revenue neutral for existing pipelines of natural gas transportation as explained in the new regulation.
And this view has been echoed by industry executives during our channel checks.
We agree with the regulations’ primary rationale to help deliver gas at a uniform tariff across India and expand the gas market.
And the proposal to notify rules for the gas exchange (and a grid management system) will support gas to gas competition.
Click on the attachment to read the full report:
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 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.