What is your outlook on the Indian natural gas sector? What impact did the second wave of Coronavirus have on the sector?
Currently, natural gas accounts for 6.3 per cent of the total energy consumption in India. The Government of India is focused on increasing this share to 15 percent of the energy basket. India is expected to be the largest source of energy demand growth by 2050 while the country’s primary energy demand is expected to grow more than 100 per cent. Also, in the new economic order, energy-intensive activities are expected to shift to developing countries from the developed countries. So, 15 per cent of this huge energy basket is a big positive for the natural gas sector in India as this is a crucial source of near zero-carbon energy. The first and the second wave of Coronavirus did slow the journey towards the goal of a 15 per cent share of the energy basket but directionally, we remained on the track. The gas volumes have already surpassed the pre-COVID levels and I expect that the impact of the second wave of COVID-19 will be mitigated by Q2 of FY22.
GAIL India saw Q1FY21 net profit jump 500 per cent to ₹1,529.92 crore. Which factors have contributed the most in helping you record such a turnaround?
هذه القصة مأخوذة من طبعة August 16, 2021 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 16, 2021 من Dalal Street Investment Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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