Petchem turned profitable on higher volumes, and trading revenues were in-line.
Analysts are pointing at some favorable factors for FY26 and FY27. There could be a transmission tariff hike in Q4FY25, steady growth in transmission and marketing volumes, and petchem capacity rising by two times in FY27.
GAIL India expects 5 million standard cubic meters per day (mscmd) per annum growth in marketing volumes for next two years. Trading segment profit guidance of ₹4,500 crore may be exceeded. The management expects petchem segments Q2 operating profit run-rate to continue in H2FY25. The capex in H2FY25 may be higher, with FY25 capex going to ₹9,000-10,000 crore (earlier guidance was of ₹11,450 crore).
The state-owned energy giant plans to add 80 new compressed natural gas (CNG) stations and 120,000 new domestic piped natural gas (PNG) connections in next two years, and 500 kilo tonnes per annum (ktpa) PDH-PP (propane-based plant) at Usar will start commercial production by October 2025, and a 60 ktpa polypropylene plant at Pata will be commissioned by December 24.
Denne historien er fra November 08, 2024-utgaven av Business Standard.
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Denne historien er fra November 08, 2024-utgaven av Business Standard.
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