Petchem turned profitable on higher volumes, and trading revenues were in-line.
Analysts are pointing at some favorable factors for FY26 and FY27. There could be a transmission tariff hike in Q4FY25, steady growth in transmission and marketing volumes, and petchem capacity rising by two times in FY27.
GAIL India expects 5 million standard cubic meters per day (mscmd) per annum growth in marketing volumes for next two years. Trading segment profit guidance of ₹4,500 crore may be exceeded. The management expects petchem segments Q2 operating profit run-rate to continue in H2FY25. The capex in H2FY25 may be higher, with FY25 capex going to ₹9,000-10,000 crore (earlier guidance was of ₹11,450 crore).
The state-owned energy giant plans to add 80 new compressed natural gas (CNG) stations and 120,000 new domestic piped natural gas (PNG) connections in next two years, and 500 kilo tonnes per annum (ktpa) PDH-PP (propane-based plant) at Usar will start commercial production by October 2025, and a 60 ktpa polypropylene plant at Pata will be commissioned by December 24.
This story is from the November 08, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 08, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Ex-senator Perdue is Trump's pick for China ambassador
President-elect Donald Trump announced he's nominating former Senator David Perdue as the US ambassador to China, enlisting a businessman with experience working in Asia for one of his key diplomatic posts.
Former PayPal COO to be White House AI and crypto czar
Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect's intent to boost two rapidly developing industries.
CHECKMATING HISTORY
If Gukesh beats Ding, he will rewrite chess history by becoming the youngest to win the classical world championship since it started 138 years ago
All We Imagine As Light named best '24 film by Sight and Sound
Director Payal Kapadia's \"All We Imagine As Light\" has been selected as the best film of the year by prestigious Sight and Sound magazine that also voted Anora, La chimera, Dahomey and Hard Truths amongst its top five.
High obsessions
In 1519, the Spanish conquistador Diego de Ordaz reached the summit of the stratovolcano Popocatépetl during an expedition in Mexico under Hernán Cortés.
The NFT is dead. Long live the NFT?
The giddy craze for nonfungible tokens brought the crypto crowd to art auctions. Now, long after the bubble burst, some still believe it did
Pushpa 2 smashes box-office records with ₹294 cr opening
'Pushpa fire nahi, wildfire hai', the popular dialogue from Allu Arjun's Pushpa franchise has come true with the historic box office performance of the second part, which has amassed ₹294 crore gross globally on day one of its release.
A $500 bn haul reignites passive controversy on Wall Street
The passive-investing juggernaut is picking up speed—and it's stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street.
Maruti, M&M join Hyundai in announcing price hikes
Up to 4% increase to be effective from Jan 1; higher input costs drive the move
Demat a/c additions hit 7-mth low in Nov
The number of new dematerialised (demat) accounts added in November dropped to less than 3.2 million, the lowest since April 2024.
