Our interaction with Gail management provided comfort on progress on East India gas grid, placement of high-priced contracted LNG volumes and plausible regulatory overhaul of gas pipeline tariffs. Near-term clarity on AGR liability, which is untenable in Gail\u2019s opinion, will be crucial for the stock. Sustained lower crude prices may pose downside risk to estimates; however, inexpensive valuations reflect all concerns. Recent sharp correction offers opportunity to \u2018buy\u2019.<\/p>\n
Our visit to a few construction sites around Durgapur region, organized by Gail, suggests that the physical progress of Jagdishpur-Haldia pipeline remains on track to complete in phases by December 2020. The section connecting Matix fertilizer plant will be commissioned in a month. Gail management indicated that work on Bokaro-Dhamra and Barauni-Guwahati sections is also progressing well and is expected to complete by December 2020 and 2021, respectively, which will mark the full commissioning of Pradhan Mantri Urja Ganga project.<\/p>\n","protected":false},"excerpt":{"rendered":"
Our interaction with Gail management provided comfort on progress on East India gas grid, placement of high-priced contracted LNG volumes and plausible regulatory overhaul of gas pipeline tariffs. Near-term clarity on AGR liability, which is untenable in Gail\u2019s opinion, will be crucial for the stock. Sustained lower crude prices may pose downside risk to estimates; however, inexpensive valuations reflect all concerns. Recent sharp correction offers opportunity to \u2018buy\u2019. Our visit to a few construction sites around Durgapur region, organized by Gail, suggests that the physical progress of Jagdishpur-Haldia pipeline remains on track to complete in phases by December 2020. The […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-340365","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340365"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340365\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}