GAIL plans ₹30,000 cr capex in next 3 yrs; stock surges
In the fiscal year 2022-23, GAIL makes capital expenditure worth ₹10,000 crore, while it incurs capex of ₹2,391 cr in Q1
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GAIL shares hit 52-week high on double upgrade from UBS
Consensus is yet to fully appreciate the upside to realised tariffs from tariff integration, as well as the scope of India's improving gas demand and GAIL's pipeline expansion, says UBS.
Rise Of India's Gas Economy
India is spending an astounding ₹3 lakh crore in nationwide pipelines, LNG terminals, city gas distribution and exploration to wean the nation away from coal to gas.
GAIL profit declines 46% YoY in September quarter; shares tumble 3%
Following this, the stock of GAIL tumbled as much as 3.2% to hit an intra-day low of ₹88.
The Gateway to LNG in India
Petronet LNG envisions being a key energy provider to the nation by leveraging the company’s unique position in the LNG value chain along with an international presence.
LNG: It’s light, natural and green
With the government pushing for clean energy when domestic gas production is falling, and renewables yet to take off, importing it could be the only option.
CNG: Government’s green money spinner
The government appears to be profiteering from its CNG push rather than promoting it as a clean and efficient fuel. A change is badly needed.
PSU losses: Rs 1 lakh crore and counting...
Public sector enterprises are bleeding crores, and there seems no end in sight. Is there a case for these companies anymore?
India must take advantage of low prices
GAIL’s boss believes the country is staring at a historic opportunity.
