Indian Gas Sector - City Gas: looking beyond the short-term headwinds
We expect strong CNG volume growth to sustain, as the highest-ever pricing differential between CNG and petrol/diesel incentivizes faster CNG...
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Rewarding 2QFY22, although risk-reward unfavorable
Indraprastha Gas (IGL) reported EBITDA ahead of our estimates. This was led by better-than-estimated volumes (CNG volumes now 8% above pre-COVID...
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Indraprastha Gas: Volume Pick-Up Holds Key
Indraprastha Gas (IGL) is one of India’s largest city gas distribution company and primarily operates in NCT of Delhi. CNG sales contribute more...
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EBITDA/scm normalizes; stronger crosswinds ahead
IGL reported a mixed bag result, with lower than our estimate EBITDA/scm (at INR8) and higher than our estimate volumes (at 6.8mmscmd) translating...
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HSIE Results Daily: ONGC, Indraprastha Gas
Indraprastha Gas: Our BUY recommendation on Indraprastha Gas with a target price of INR 603 is premised on (1) robust volume growth, led by its...
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