Falling LNG prices may lift city gas distributor margins by 250-300 bps: CRISIL Research

A 22-25 per cent decline in the prices of liquefied natural gas (LNG) since January this year, and an expected 5-7 per cent increase in consumption of piped natural gas (PNG) and compressed natural gas (CNG) should drive up the operating profit margins of city gas distribution (CGD) companies by 250-300 basis points (bps) in […]

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City gas distribution, fertiliser sector to drive gas demand: CRISIL report

Gas demand is expected to grow at 3.5% CAGR between fiscals 2018 and 2023 to 191-193 MMSCMD. The main push for incremental demand is expected to come from the fertiliser and city gas distribution (CGD) sectors, ratings agency CRISIL Research said in its latest report. The conversion of naphtha-based urea plants, commissioning of new capacities […]

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IMF retains India’s FY20 growth forecast at 7.5%; CRISIL predicts a modest recovery at 7.3%

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The International Monetary Fund (IMF) has retained its growth projection for Indian economy at 7.5 per cent for 2019-20 and said it is likely to accelerate to 7.7 per cent in 2020-21. This comes on a day when China announced that its GDP recorded its lowest growth rate in 28 years at 6.6 per cent […]

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Commercial coal mining by private sector in India likely to cut import bill by Rs 30,000 crore, says CRISIL

India’s recent move to allow the private sector to commercially mine coal will boost both production and mining efficiency, and substitution of imported non-coking coal with domestic production could save roughly Rs 30,000 crore of coal imports, credit rating agency CRISIL said in a report. The Indian government recently approved the methodology for auction of […]

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