Gujarat Gas vulnerable to tariff control
OIL & GAS

Gujarat Gas vulnerable to tariff control

Gujarat Gas has received authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the city gas distribution areas of Surat, Bharuch and Ankleshwar. The company hasfiled tariff application with PNGRB for its transmission pipeline. However, owing to high ROE (return on equity) of over 30 per cent, the company is vulnerable to tariff reduction from PNGRB, as was ordered for Indraprastha Gas. This is an operational performance risk, pointed out by SBI Cap Securities.

Contact: Gujarat Gas.
Tel: 079-2646 2980.
Fax: 079-2646 6249.
Website: www.gujaratgas.com

Gujarat Gas has received authorisation from the Petroleum and Natural Gas Regulatory Board (PNGRB) for the city gas distribution areas of Surat, Bharuch and Ankleshwar. The company hasfiled tariff application with PNGRB for its transmission pipeline. However, owing to high ROE (return on equity) of over 30 per cent, the company is vulnerable to tariff reduction from PNGRB, as was ordered for Indraprastha Gas. This is an operational performance risk, pointed out by SBI Cap Securities. Contact: Gujarat Gas. Tel: 079-2646 2980. Fax: 079-2646 6249. Website: www.gujaratgas.com

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