Gas Companies

Brokerages lower GAIL target on weak Q3; long-term positive outlook intact

On the bourses, GAIL share price rallied as much as 7.03 per cent to hit an intraday high of Rs 178.75 apiece

Mahanagar Gas share pops 6% as Morgan Stanley initiates with 'Overweight'

Mahanagar Gas shares surged following reports that Morgan Stanley, a New York-based brokerage firm, initiated coverage with an 'Overweight' rating

Gujarat Gas stock flies 14% on merger, demerger plan; brokerages upbeat

Brokerages see an upside of up to 23 per cent in Gujarat Gas stock as they believe that the restructuring of these Gujarat companies will simplify the existing layered structure.

Shell beats forecasts with $6.3 bn Q2 profit, but shares down by 0.5%

The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit was nearly 25 per cent higher than the same time a year ago

Price pressures deflate gas use equations, put $2 trn investments at risk

City gas distribution (CGD) utilities were among the first to feel the impact of rising fuel prices on demand last year after customers deserted them for alternative fuels

India's consumption is rising as global prices have eased: Gas importer

Eased gas prices, triggered by the built-up of stocks by European nations, is boosting gas consumption in the price-sensitive Indian market

PNGRB to halt action against city gas distributors until Act's amendment

Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL

TMS Ep316: Pvt credit, Air India-Vistara merger, Markets, New rice variety

Why is demand for private credit rising? What are the challenges facing Air India-Vistara merger? How will Kirit Parikh panel gas reforms impact companies? What's the perennial rice variety of China?

How will the Kirit Parikh panel-gas reforms impact related companies?

A govt-appointed panel of Kirit Parikh has recommended doing away with the norms where prices of natural gas are fixed in tandem with world markets. How will the reforms affect companies in the sector

Proposed gas price revision to bring short-term relief to CGDs: Analysts

The proposed domestic gas pricing formula by Kirit Parikh panel will likely provide headroom to CGDs to reduce prices and improve margins, but this may hurt producers like ONGC, Oil India, experts say

Higher gas prices raise difficult questions for Reliance, Adani Group

The 153% jump in prices of natural gas this year has raised the stakes for the government of India to get its policy right in the sector

Germany prepares to lend billions to rescue ex-Gazprom unit: Report

A bailout for Gazprom Germania GmbH could come as early as this week, with state-owned bank KfW Group expected to issue a loan in the range of 5 billion euros ($5.2 billion) to 10 billion euros

Energy monitor blames Russia for worsening Europe gas crisis

Russian President Vladimir Putin has underscored that Gazprom has met its obligations under long-term contracts and blamed high spot gas prices on European decisions

Gas distribution sector stocks could fire up amid likely volume recovery

Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months

GAIL loses steam as financial, operational challenges tapers growth

Concerns over placement of the high-priced US gas contracts remain, even though GAIL has consistently met with success in placing them and reporting good numbers

Multiple factors in favour of gas utility companies

After posting strong quarterly performance, gas utility companies such as Indraprastha Gas (IGL), Gujarat Gas and Mahanagar Gas are well placed to clock robust growth in the coming years. While low gas prices are supporting demand, together with rupee appreciation the two factors are propping up margins. With companies continuing to expand distribution, it is fuelling topline growth.Gujarat Gas, for instance, posted a strong of 19 per cent year-on-year in volumes in June quarter (Q1), which analysts attribute to better economics for gas usage versus coal/fuel oil for the Morbi-based ceramic makers, and revival in demand from chemical plants in Vapi-Valsad-Ankleshwar region. Gujarat Gas is expected to continue benefitting from this favourable gas economics, due to which Sharekhan's analysts believe volumes will post a 15 per cent compounded annual growth (CAGR) over FY17-19. This for a gas utility is excellent by any measure. Expansion of gas distribution network across new areas in ...

Growth prospects upbeat for gas players

Pressure on natural gas prices will drive earnings of gas companies

Gas utility companies in a sweet spot

Indraprastha Gas is expected to see stronger gains, as compared to Mahanagar Gas, say analysts