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Gas Authority of India Ltd: The Gas Authority of India Ltd is expected to reduce the prices of natural gas worldwide later. This will promote its growth. The company has prepared a capital expenditure of Rs 12,000 crore for the business year 2026-27.
The company said, Henry Hub prices bounce is really no normal condition. We believe that these prices will be low. We are keeping an eye on the market regularly and making a plan according to our cost to reduce the cost. Let us know that Henry Hub is a natural gas pipeline and distribution center located in Erath of Louisiana. Gas prices in America are fixed based on the price of natural gas on the Henry Hub.
Crude oil can also be reduced
Gayle is also expected to reduce the price of crude oil in the coming years, which will remain between $ 60-70 per barrel, provided there will not be any major geopolitical obstruction, which can increase prices temporarily. The company also stated that the prices of alternative fuels like Nephtha remain low, which are related to crude oil prices. Nephtha prices are directly attached to crude oil. Since it is a product found with crude oil, its price affects the price of crude oil.
The company made a mega plan
The company has made a mega plan of Rs 12000 crore for the next business year. Of these, a plan has been made to spend Rs 4,000 crore on pipeline projects, Rs 200 crore on gas distribution project in cities, Rs 2,500 crore on petrochemical projects, 500 crore for E & P and Rs 1,400 crore on the company operations. 850 crore rupees will be spent as equity contribution and Rs 2,000 crore will be allotted to achieve the target of Net-Groers.
Company results in June quarter
The company announced its results for the first quarter of FY 2025-26 ended in June 2025 on Monday. In this quarter, Gayle’s net profit fell by 25 percent to Rs 2,382.24 crore against Rs 3,183.35 crore in the same period last year. The company’s operational revenue was recorded at Rs 35,428.81 crore with a slight increase of 1.7 percent from Rs 34,821.89 crore in the first quarter of the last financial year 2024-25.
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