The distributor raised prices by ₹1.50 per kilogramme (kg) for CNG, bringing the price up to ₹75 per kg, including taxes. Domestic PNG prices were hiked from ₹1 per standard cubic meter (SCM) to ₹48 per SCM, inclusive of taxes.
MGL also hosted its analyst meet in June, highlighting a strong FY24 performance, and gave guidance of a 5-year volume CAGR of 6-7 per cent (standalone) versus 5 per cent during FY19-24 and around 10 per cent CAGR for recently acquired subsidiary Unison Enviro Private Limited (UEPL). The management indicated a focus on infrastructure creation with a capex target of ₹1,000 crore for FY25, split between standalone and UEPL at ₹800 crore and ₹200 crore, respectively. APM (administered pricing mechanism) based gas allocation is around 70 per cent of priority volume now and the shortfall is met via HP-HT gas.
Bu hikaye Business Standard dergisinin July 11, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin July 11, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Filing tax last-minute? Follow this checklist to avoid errors, oversights
The July 31 deadline for filing your income-tax return (ITR) has arrived.
Gold loses lustre, Q2 demand drops 5%
India's duty cut to revive demand after weak June quarter: WGC
Investors pin hopes on govt support amid under-recoveries in BPCL, HPCL
The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus.
Easing additional disclosure norms for FPIs on cards
The Securities and Exchange Board of India (Sebi) is mulling changes in regulations for foreign portfolio investors (FPIs) belonging to landbordering countries (LBCs).
Amfi seeks rollback of equity MF taxation
The mutual fund (MF) industry on Tuesday called upon the government to rollback the hike in equity MF taxation.
Sensex, Nifty close flat as profit-booking continues
Benchmark equity indices Sensex and Nifty ended flat on Tuesday following a volatile trading session.
Adani Energy Solutions QIP overbooked 3x, $1bn raised
Adani Energy Solutions, the conglomerate's transmission and distribution entity, on Tuesday said it has launched a qualified institutional placement (QIP).
Don't want Paytm-like contamination in stock markets, says Sebichief
Decision on mandatory ASBA for secondary market expected soon
No stopping mid, smallcap bulls
The Budget's proposals for higher rates on long-term I and short-term capital gains tax (LTCG, STCG) and valuation concerns about mid and smallcap stocks have not deterred bulls in the two segments.
Les Hindous leads the way
The allure of India's rich heritage shone brightly Saffronart's \"Passages to India Auction 2024\".
