Gas and Oil PSU stocks in limelight; PNGRB proposes changes to gas transmission tariff rules
Driven by infrastructure expansion and legislative assistance, natural gas demand is expected to climb by 60% by 2030 and reach roughly 103 billion cubic meters yearly.
Following the proposed changes to gas transmission tariff determination rules under discussion by the Petroleum and Natural Gas Regulatory Board (PNGRB), the shares of gas and petroleum equities have seen notable movement now open for public consultation.
Mid-April 2025 is scheduled to be an open house discussion. From 15,340 km in 2014 to about 25,000km by early 2025, India's natural gas pipeline industry is seeing notable expansion in operational network size.
Driven by infrastructure expansion and legislative assistance, natural gas demand is expected to climb by 60% by 2030 and reach roughly 103 billion cubic meters yearly.
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Following are some Gas and Oil Major Stocks to get benefit from the above proposal:
Gujarat State Petronet Limited: The company is primarily engaged in the transmission of natural gas through pipelines on an open-access basis from supply points to demand centers and then distribution to end customers. Having a market capitalisation of Rs 16,656 crore, the company’s shares were trading at Rs 296 each, rising almost 3 percent as compared to the last closing time.
Petronet LNG Limited: Engaged in the sale of re-gasified liquefied natural gas (RLNG), the Company primarily operates in the business of importing and processing of liquified natural gas (LNG). The shares were trading at Rs 304 per share, rising by 2 percent as compared to the previous closing period.
GAIL (India) Limited: Transmission Services, Natural Gas Marketing, Petrochemicals, LPG and Liquid Hydrocarbons and Other section of the company comprises, Natural gas and liquefied petroleum gas (LPG) constituting part of its Transmission Services division. With a market capitalisation of Rs 1.20 lakh crore, the shares were trading at Rs 183 each, rising around 5 percent as compared to the previous closing time.
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Indraprastha Gas Limited: The Company provides safe and uninterrupted gas supply through its extensive distribution network to transport, domestic, commercial, and industrial consumers and the shares were trading at Rs 203 per share, surging by 3 percent as compared to the previous closing period.
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