{"id":418392,"date":"2021-06-03T10:28:53","date_gmt":"2021-06-03T04:58:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=418392"},"modified":"2021-06-03T11:18:50","modified_gmt":"2021-06-03T05:48:50","slug":"gujarat-gass-strong-q4-drives-hopes-despite-second-wave-hit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gujarat-gass-strong-q4-drives-hopes-despite-second-wave-hit\/","title":{"rendered":"Gujarat Gas\u2019s strong Q4 drives hopes despite second wave hit"},"content":{"rendered":"<p>Astronger-than-expected March quarter performance helped Gujarat Gas Ltd shares gain over 5% on Wednesday. Firm industrial gas demand from the Morbi cluster in Gujarat and rising compressed natural gas (CNG) volumes helped its sales volumes. <\/p>\n<p>The average sales volume for the quarter rose 22 % year-on-year to 12.13 mmscmd (million metric standard cubic metres per day). Industrial and CNG volumes grew 24% and 16% year-on-year, respectively. Volumes in the Morbi cluster were up 33% year-on-year, while the CNG business achieved the highest-ever quarterly volumes. The company had added 150 new CNG stations in FY21, taking its total outlets to 559. <\/p>\n<p>Since the company had taken price hikes for commercial gas in January, its net realizations rose 17% sequentially, according to analysts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Astronger-than-expected March quarter performance helped Gujarat Gas Ltd shares gain over 5% on Wednesday. Firm industrial gas demand from the Morbi cluster in Gujarat and rising compressed natural gas (CNG) volumes helped its sales volumes. The average sales volume for the quarter rose 22 % year-on-year to 12.13 mmscmd (million metric standard cubic metres per day). Industrial and CNG volumes grew 24% and 16% year-on-year, respectively. Volumes in the Morbi cluster were up 33% year-on-year, while the CNG business achieved the highest-ever quarterly volumes. The company had added 150 new CNG stations in FY21, taking its total outlets to 559. [&hellip;]<\/p>\n","protected":false},"author":40,"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-418392","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\/418392","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=418392"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/418392\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=418392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=418392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=418392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}