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Gujarat State Petronet Ltd
Investment Profile: Moderate Horizon: 1-1.5 Yrs
Business Summary Gujarat State Petronet Ltd (GSPL), a GSPC group company, is a pioneer in developing energy transportation infrastructure and connecting natural gas supply basins and LNG terminals to growing markets. It is the only company in India to transmit natural gas for its clients without trading in it.
Investment Rationale
As the world‟s second largest growing economy in the world, India‟s need for energy is huge. Overall macroeconomic conditions in the economy will set the demand for energy and the growth of energy demand. India has been enjoying higher growth rates since the early 1990s because of economic reforms. This growth will contribute to greater demand for energy. The robust growth outlook for the Indian economy and the resultant increase in the end - user consumption of the natural gas is expected to drive the natural gas market in the future. In this scenario, gas transmission business plays a momentous role linking the supply sources and the consumers both industrials and retail. Talking about the GSPL, it is the second largest gas transporter in the country, concentrating in Gujarat: India‟s most industrialized state. The current grid operations of GSPL account for 1,666 km in the state and another 1100km pipeline is underway. What makes GSPL a good bet is that it had made a bid for four interstate projects (Total length: 5724 Km) with which its network will get quadrupled and the financial are expected to have substantial growth. Meanwhile, GSPL‟s growth plans would be impacted if the company faces regulatory delays in authorization for installing new pipelines. Any delay in execution and construction of new pipelines would also impact the profitability of GSPL. Investors with a long-term perspective can consider accumulating the stock of Gujarat State Petronet Limited (GSPL), which operates an extensive gas transmission network in Gujarat and has ambitious expansion, plans, both within and outside the State. Expected increase in transmission volumes, widening of geographic footprint, limited downside on transmission tariff from current levels, and a recent steep fall in the stock price support our recommendation. We maintain a target of Rs.128
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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Gujarat State Petronet Ltd
Investment Profile: Moderate Horizon: 1-1.5 Yrs
Business Summary Gujarat State Petronet Ltd (GSPL), a GSPC group company, is a pioneer in developing energy transportation infrastructure and connecting natural gas supply basins and LNG terminals to growing markets. It is the only company in India to transmit natural gas for its clients without trading in it.
Investment Rationale
As the world‟s second largest growing economy in the world, India‟s need for energy is huge. Overall macroeconomic conditions in the economy will set the demand for energy and the growth of energy demand. India has been enjoying higher growth rates since the early 1990s because of economic reforms. This growth will contribute to greater demand for energy. The robust growth outlook for the Indian economy and the resultant increase in the end - user consumption of the natural gas is expected to drive the natural gas market in the future. In this scenario, gas transmission business plays a momentous role linking the supply sources and the consumers both industrials and retail. Talking about the GSPL, it is the second largest gas transporter in the country, concentrating in Gujarat: India‟s most industrialized state. The current grid operations of GSPL account for 1,666 km in the state and another 1100km pipeline is underway. What makes GSPL a good bet is that it had made a bid for four interstate projects (Total length: 5724 Km) with which its network will get quadrupled and the financial are expected to have substantial growth. Meanwhile, GSPL‟s growth plans would be impacted if the company faces regulatory delays in authorization for installing new pipelines. Any delay in execution and construction of new pipelines would also impact the profitability of GSPL. Investors with a long-term perspective can consider accumulating the stock of Gujarat State Petronet Limited (GSPL), which operates an extensive gas transmission network in Gujarat and has ambitious expansion, plans, both within and outside the State. Expected increase in transmission volumes, widening of geographic footprint, limited downside on transmission tariff from current levels, and a recent steep fall in the stock price support our recommendation. We maintain a target of Rs.128
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