PNGRB slashes pipeline tariff for Gujarat Gas' HAPI Pipeline by 32% - Angel Broking

The Petroleum and Natural Gas Regulatory Board (PNGRB) has slashed the pipeline tariff for Gujarat Gas' Hazira-Ankleshwar Natural Gas Pipeline (HAPI) by 32%. The HAPI pipeline has a system capacity of 5.06mmscmd and the tariff has been slashed from Rs. 7.2/mmbtu to Rs. 4.9/mmbtu. The HAPI pipeline does not have a significant contribution to the total volumes transmitted by the company and hence the impact is not more than 1to1.5% on the financials of the company and therefore we maintain our Neutral view on the stock.

Source : Equity Bulls

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