Gujarat State Petronet share price: Sharekhan initiates coverage with BUY call target price Rs 300
Gujarat State Petronet Limited (GSPL), India’s second-largest gas pipeline utility, is likely to see strong traction in gas transmission volumes, led by higher gas offtake (3-5 mmscmd) by revival of stranded gas based power plants. Moreover, the start of the Ramagundam fertiliser plant and GSPC’s LNG contract for 7 cargos could add 4 mmscmd to gas transmission volumes. Robust growth for the city-gas distribution (CGD) space is expected to sustain amid low domestic gas prices and regulatory push to curb pollution.
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Lower than expected gas demand from power, fertiliser and CGD due to a spike in LNG prices could impact gas transmission volume: Reuters