0

0

0

0

0

0

0

0

0

economy | IST

Gujarat State Petronet expects profit to rise by Rs 200 crore due to new tariffs

Mini

Petroleum and Natural Gas Regulatory Board (PNGRB) has revised tariffs for key gas transportation pipelines The revised tariffs are ahead of analysts’ estimates and Gujarat State Petronet (GSPL) looks best placed to benefit from the latest developments.

Petroleum and Natural Gas Regulatory Board (PNGRB) has revised tariffs for key gas transportation pipelines The revised tariffs are ahead of analysts’ estimates and Gujarat State Petronet (GSPL) looks best placed to benefit from the latest developments.
T Natarajan, MD of GSPL, spoke to CNBC-TV18 about the tariff revision and how that will impact the company's business.
"PNGRB announced increase in high pressure (HP) tariff by 28 percent and low pressure (LP) by 100 percent.The overall impact we are expecting on the topline would be in the order of 25-30 percent which will translate into Rs 350 crore from current Rs 1,000 odd crore,” Natarajan said.
He further said that margin would increase in tandem with topline.
“Our profit after tax (PAT) would also increase in the range of Rs 200 crore,” said Natarajan.
On the business front, he said, “We are also adding some new pipelines in the GSPL portfolio; new pipelines which will be connecting to LNG terminal in Kutch will also be commissioned soon.”
 
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.