Gujarat Gas Protecting Margin Amid Higher Volume Offtake: Motilal OswalFebruary 1, 2021
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Gujarat Gas Ltd. has raised prices by approximately Rs 5/standard cubic meter for Morbi customers, taking its industrial gas price realisation to ~Rs 33/Rs 34.8 per scm for ceramic/non-ceramic customers.
The pricing action follows the recent spike in spot liquefied natural gas prices.
The company has been agile and aggressive with its pricing strategies, striking a balance between economics of gas and alternate fuel prices.
During FY21, on the back of huge volatility in global commodity prices, it increased the discount to Morbi customers in H1 (by ~Rs 4/scm), but rolled that back and took a price hike in H2.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.