Indian city gas distributor stocks rise as regulator proposes lower pipeline tariffs

Indraprastha Gas

24/03/2025 04:17

** Indian city gas distributor stocks GAIL (India) Ltd GAIL.NS, Gujarat State Petronet Ltd GSPT.NS, and Indraprastha Gas Ltd IGAS.NS rise between 2.4% and 4%

** India's natural gas regulator proposes lower pipeline tariffs

** Morgan Stanley analysts estimate GAIl, GSPT could see 8%-10% rise in earnings due to proposed regulations; GAIL's return on investments could also improve

** CLSA says IGAS likely to be biggest benefactor of proposed norms, which would help bring down operating expenses

** IGAS' ~1.5% YTD drop least among pack; GAIL down 4.4%, while GSPT down 18.3%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))