Growing domestic gas supplies, LNG liquefaction capacity and expectations of relatively moderate pricing of the same, normalisation of LPG prices and improvement in the petchem segment implies that earnings of each of these segments of GAIL (India) Ltd. should improve over the next 2-3 years, according to HDFC Securities. The brokerage is projecting the company's operating profit (EBITDA) and net profit to grow 48% and 46.4% respectively for financial year 2024 and 13.5% and 13.4% respectively for financial year 2025. HDFC Securities recommends buying GAIL in the ₹106 - ₹120 band for a price target of ₹140.
energy
C
CNBC TV1801-01-2026, 17:42

GAIL Gas Slashes CNG, PNG Prices by ₹1 Amid Tariff Rationalization

  • GAIL Gas Ltd announced a ₹1 reduction in CNG price per kg and domestic PNG price per SCM.
  • The price cut is effective from Thursday across its authorized areas in 9 states, including Uttar Pradesh, Karnataka, and Madhya Pradesh.
  • Decision follows rationalization of pipeline tariffs by PNGRB, making gas transportation more cost-effective.
  • PNGRB's revised tariff structure, effective Jan 1, 2026, introduces a single Zone-1 rate for CGD entities nationwide.
  • This move aligns with the government's vision for a gas-based economy and promotes clean fuel adoption.

Why It Matters: GAIL Gas cuts prices due to new PNGRB tariffs, promoting clean energy and a gas-based economy.

More like this

Loading more articles...