State-owned gas utility firm GAIL (India)’s investment plan to expand the National Gas Grid and city gas distribution network over the next five years bodes well for the firm. GAIL India — the country’s largest gas pipeline operator — has more than 11,000 km of pipeline network, and markets two-thirds of the country’s natural gas.
However, near-term concerns are likely to weigh on its financial performance and stock. New tariffs levied by the regulator for some of its pipelines, such as Hazira-Vijaipur-Jagdishpur (HVJ), have been a setback. This led ...
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