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  • 04 May 2022
  • ICICI Securities

CGD companies wait for gas allocation

News: As per The Economic Times, CGD companies that won new geographical areas in latest bidding rounds have not been allocated domestic gas and they are waiting for gas allocation to start opeartions.

Views: Domestic gas allocation has not been revised since April 2021, which is leading to deficit as allocated gas is consumed in existing geographical areas. This is likely to delay commissioning of operations in new geographical areas.

Impact: Negative