{"id":369712,"date":"2020-08-25T10:30:48","date_gmt":"2020-08-25T05:00:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369712"},"modified":"2020-08-25T10:30:48","modified_gmt":"2020-08-25T05:00:48","slug":"gails-weaker-ebit-highlights-us-lng-price-risks-fitch-ratings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gails-weaker-ebit-highlights-us-lng-price-risks-fitch-ratings\/","title":{"rendered":"GAIL&#8217;s weaker EBIT highlights US LNG price risks: Fitch Ratings"},"content":{"rendered":"<p>NEW DELHI : State-owned gas utility GAIL India Ltd&#8217;s 82 per cent plunge in pre-tax profit (EBIT) to \u20b9480 crore in the first quarter of the financial year ending March 2021 reflects price risks under the firm&#8217;s long-term Henry Hub (HH)-linked LNG contracts from the US, Fitch Ratings said on Monday.<\/p>\n<p>GAIL&#8217;s regulated gas transmission segment was the least affected by the coronavirus pandemic-related lockdowns and helped generate an overall positive EBIT margin over the quarter, it said.<\/p>\n<p>India&#8217;s largest gas marketing and transportation company had a negative EBIT of \u20b9610 crore in natural gas marketing segement in Q1, &#8220;largely driven by losses in HH-linked US liquefied natural gas (LNG) volumes,&#8221; Fitch said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : State-owned gas utility GAIL India Ltd&#8217;s 82 per cent plunge in pre-tax profit (EBIT) to \u20b9480 crore in the first quarter of the financial year ending March 2021 reflects price risks under the firm&#8217;s long-term Henry Hub (HH)-linked LNG contracts from the US, Fitch Ratings said on Monday. GAIL&#8217;s regulated gas transmission segment was the least affected by the coronavirus pandemic-related lockdowns and helped generate an overall positive EBIT margin over the quarter, it said. India&#8217;s largest gas marketing and transportation company had a negative EBIT of \u20b9610 crore in natural gas marketing segement in Q1, &#8220;largely [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-369712","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369712","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}