Nirmal Bang: Raise GAIL India Target Price On Unified Tariff, Petchem Gains
A GAIL India Ltd. logo sits on a sign during a news conference in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

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:

Nirmal Bang GAIL-Company Update-5 December 2020.pdf

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