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Informist, Wednesday, Aug. 12, 2026

 

--Gujarat Energy: Propane availability has improved on diversified sourcing 

--CONTEXT: Comments by Gujarat Energy mgmt in post-earnings analyst concall 

--Gujarat Energy: Plan to have own propane import, storage facility 

--Gujarat Energy: Maintain profit guidance of INR 11 bln from gas trading ops 

--Gujarat Energy: See FY27 capex for city gas distrbution ops at INR 10 bln 

--Gujarat Energy: See FY27 gas trading EBITDA at INR 11-12 bln 

 

By Astha Oriel and Shakshi Jain 

 

NEW DELHI – Gujarat Energy Ltd. plans to add more than 75 new compressed natural gas stations, and upgrade 70 stations in 2026-27 (Apr-Mar), a senior company official said Wednesday. 

 

"CNG continues to remain an attractive fuel option for customers, offering a compelling economic advantage being approximately 46% cheaper than petrol and 25% cheaper than diesel based on current pricing. In the CNG domestic segment, we continue to witness healthy customer addition," the official said in a post-June quarter earnings call with analysts. The company's compressed natural gas volumes grew 13% on year to 3.76 million standard cubic metres per day in the June quarter.

 

Gas volumes rose significantly to 8 million standard cubic metres per day in May-Jun from in Morbi in Gujarat, as per the company's investor presentation. The availability of propane, which was severly impacted during the West Asia crisis, has gradually improved after July, as per another official. "Because it (propane) has started sourcing from non-Middle East countries like USA and Venezuela and others. As far as the current run rate is concerned, I think we are delivering close to 3 million gas in Morbi. And close to 5.3-5.4 million equivalent gas is being delivered as propane," the official said.

 

The company plans to set up its own propane import and storage facility in Gujarat, as per the official. "We have basically shortlisted few sites in Gujarat where we can put up our own terminal. Those studies are going on. We will be coming to you with some details shortly. But we have plans to set up our own import and storage facility of propane near the Morbi market," the official said. 

 

On a question related to capital expenditure, the company has no capital expenditure for gas trading business, as per the official. But for its city gas distribution segment, the company has a guidance of INR 10 billion for capital expenditure, the official said, adding that the company intends to stick to the guidance. 

 

The company is also maintaining its profit guidance of INR 11 billion for the gas trading business, the official said. The compay expects the gas trading segment's earnings before interest, tax, depreciation, and amortisation at INR 11 billion-INR 12 billion for FY27, the official said.  

 

The company reported a net profit of INR 9.98 billion on revenues of INR 96.70 billion for the June quarter. On Wednesday, shares of the company closed flat at INR 274.35 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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