GAIL, Petronet To Gain As India’s Gas Usage Spikes, Says HSBC

GAIL, Petronet To Gain As India’s Gas Usage Spikes — India’s city gas distributors will play a dominant role in improving the country’s demand for the cleaner fuel in the medium term even amid greater push towards electric vehicles and improved power supply, according to HSBC.

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Indian Oil, BPCL Fall On Report That They May Buy Stake In GAIL

Gold Silver Reports (GSR) – Indian Oil, BPCL Fall On Report That They May Buy Stake In GAIL — Shares of Indian Oil and Bharat Petroleum fell as much as 4.7 percent and 4.1 percent each respectively as both the companies may buy 26 percent stake each in gas utility GAIL (India) Ltd., paying the government over Rs 20,000 crore each to become integrated energy firms, news agency Press Trust of India reported. 

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