Gas-fired stocks to charge ahead as demand for cleaner fuels rises: Experts

Rising availability and demand for cleaner fuels will aid growth

Completion of new trunk pipelines over the next few years, increased availability of gas in India and from foreign markets, coupled with the government’s focus on cleaner fuels augurs well for gas players, both manufacturers and transporters, say analysts.

Additional domestic gas production in India, according to analysts at Motilal Oswal Securities, is estimated to peak around 40 million metric standard cubic metres per day (mmscmd) by the end of fiscal 2023-24 (FY24) with the commissioning of production wells in the KG Basin.

Reliance Industries (RIL), the report says, is likely to produce around 28 mmscmd of gas (12.5 mmscmd has been