Gujarat State Petronet Q4 Review - Low Volume Offtake Due To Higher Spot LNG Prices: Dolat Capital

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Gujarat State Petronet Ltd. transmission volumes at 29.3 million metric standard cubic meter per day (de-growth of 13.5% YoY and of 8.3% sequentially) below our estimates of 37 mmscmd. Tariffs were at Rs 1.62/standard cubic meter (growth of 7.4% YoY and de-growth of 16.7% QoQ). Revenues below our estimates. Volumes have seen a hit across segments especially the city gas distribution sector due to third wave of Covid and higher spot gas prices. Due to National Green Tribuna’s March 06, 2019 order to ban the use of coal gasifiers in Morbi region, spurted Gujarat Gas volumes from its industrial belt of Morbi in the previous quarters, however with industrial units running below full capacity due to higher gas prices, sales from the CGD sector have reduced.We expect Gujatar State Petronet’s transmission volumes to increase from FY23 from Gujarat Gas volumes, other CGD projects and power sector..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gujarat State Petronet Q4 Review - Low Volume Offtake Due To Higher Spot LNG Prices: Dolat Capital

Gujarat State Petronet Q4 Review - Low Volume Offtake Due To Higher Spot LNG Prices: Dolat Capital

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