#cng price raised again
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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' काय कमवायचे आणि काय खायचे ? ' सीएनजी तब्बल सहा रुपयांनी महागले
‘ काय कमवायचे आणि काय खायचे ? ‘ सीएनजी तब्बल सहा रुपयांनी महागले
गेल्या काही महिन्यांपासून सातत्याने पेट्रोल डिझेलच्या दरात वाढ होत होती मात्र आता ही वाढ होण्याचे प्रमाण काहीसे स्थिरावलेले असले तरी अद्यापही इतर देशांच्या तुलनेत पेट्रोल-डिझेल भारतामध्ये महागच दिसून येत आहे. पेट्रोल आणि डिझेलसाठी पर्यायी इंधन म्हणून अनेक सीएनजी गाड्या तसेच रिक्षा आणि ट्रक विकले गेलेले आहेत मात्र आता सीएनजीचे दर देखील वाढत असल्याचे दिसून येत आहे.
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Expensive for both driving and cooking in Mumbai, the company again raised the price of CNG-PNG
Expensive for both driving and cooking in Mumbai, the company again raised the price of CNG-PNG
Mumbai. The form of ‘expensive witchcraft’ is slowly becoming more and more vicious in the country. Mumbaikars did not take full advantage of the fall in CNG prices five days ago as the company was shocked by the huge hike.
Mahanagar Gas Limited (MGL) on Wednesday hiked CNG prices by Rs 7 per kg, while PNG prices by Rs 5 per kg. The price of CNG in the city is now Rs. 67 per kg, while PNG has…
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CNG Price Hiked Again in Delhi by Rs 2.5 per kg; Know Latest Rates Here
CNG Price Hiked Again in Delhi by Rs 2.5 per kg; Know Latest Rates Here
After petrol and diesel, the CNG price in Delhi has been hiked again on Wednesday (April 6, 2022), taking the total increase since April 1 to about Rs 6.6 per kilogram. The CNG price in Delhi has been increased on April 6, by Rs 2.50 per kg. With this hike, the retail cost of CNG in the national capital territory (NCT) of Delhi has touched Rs 66.61/kg.
CNG price has been raised by Rs 6.6 per kg…
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CNG price rises again by Rs 6-84 in two months check out recent price - Business News
CNG price rises again by Rs 6-84 in two months check out recent price – Business News
CNG prices have also surprised the average person. Indraprastha Gas Limited has also raised CNG prices. Over the past two months, CNG prices have risen by Rs 6.84.
@IGLsocial has announced the resumption of its CNG commercial prices at the NCT of Delhi, Noida Greater Noida and Ghaziabad from 6pm on Sunday, 14 November 2021.
– Indraprastha Gas Ltd (@IGLSocial) November 13, 2021
Petrol and diesel…
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Indian equity markets were trading over half a per cent higher, but off the day's top, on the first day of the September F&O series, with financials contributing majorly to the gains.
The S&P BSE Sensex was up 250 points at 39,390 levels and the Nifty50 index hovered above the 11,650-mark. Axis Bank (up 6%) and IndusInd Bank (up 5%) were the top Sensex gainers, followed by ICICI Bank (up 4%) and State Bank of India (up 3%).
GMR Infra shot up 10 per cent after the company said the Group would separately list its airport business. READ MORE
The trend among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up 4 per cent.
In the broader market, the S&P BSE MidCap was trading 0.8 per cent higher and the SmallCap index was up 0.4 per cent.
Results today
A total of 81 companies, including Khadi India, and Archies, are scheduled to announce their June quarter results today.
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01:49 PM
HCC sinks 16% from day's high on Rs 406 crore consolidated net loss in Q1
The shares had jumped leaped 10 per cent in the morning deals today to hit a high of Rs 7.4 apiece, translating into an intra-day fall of 16.2 per cent. A combined 24.92 million shares had changed hands on the counter on the NSE and BSE till the time of writing of this report. READ MORE
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Expansion, demand triggers to help SRF maintain growth trajectory
After posting strong double-digit growth on the back of expansion over the past few years, SRF is looking at increasing capex to monetise multiple opportunities. The company’s board will meet next week to look at fundraising options to finance new opportunities. The firm has invested over Rs 4,000 crore in the past three years and is expected to invest Rs 2,000 crore over the next two years. READ MORE
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Tesla market valuation hits $420 billion
Elon Musk thanked his hardworking team at Tesla as the electric car makers market cap reached $420 billion which is equal to the next top five carmakers combined together. Tesla even surpassed Johnson & Johnson in terms of market cap. There are only seven companies in the S&P 500 index worth more, including Visa at $447 billion and Apple at $2.16 trillion, reports Barrons.com. About two months ago, the EV maker was at $200 billion. It first hit $100 billion in January. READ MORE
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Want to buy physical gold? Pick a digital platform for your investment
What can you get for a few rupees? Some sugar candies, perhaps. But do you know that you can also buy gold for a few rupees? Amazon Pay recently started allowing users to purchase digital gold on its platform. While existing players like Paytm, MobiKwik, and PhonePe allow you to buy gold for Rs 1, Amazon Pay has kept the minimum amount at Rs 5. Digital gold is essentially an avenue for investing in physical gold. READ MORE
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Nifty Bank gains 3.5%, hits 10-week high; Axis Bank soars 8%, ICICI Bank 5%
Bluechip financial counters such as Axis Bank, ICICI Bank, and State Bank of India lifted the markets on Friday as analysts turn positive on the sector. That apart, August Futures and Options (F&O) series, which ended on August 27, saw strong participation from banking sector underlying optimism in the space READ MORE
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Telecom stocks rally; Vodafone Idea surges 17%, Bharti Airtel up 2%
The S&P BSE Telecom index, up 3.44 per cent, was the top sectoral gainer at 11:30 AM. In comparison, the benchmark S&P BSE Sensex was trading 0.8 per cent higher. Among other individual stocks, Bharti Infratel rose 6.75 per cent to Rs 213.35 while Bharti Airtel gained 2.86 per cent to Rs 525.65. Reliance Industries, meanwhile, was trading 0.9 per cent higher at Rs 2,131. READ MORE
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12:12 PM
BROKERAGE VIEW:: ICICI Securities on Indraprastha Gas
The environmental concerns in Delhi had brought forth the urgency of using cleaner fuels, putting the company in a sweet spot. IGL has a unique identity of a company with a rare mix of volume growth and strong margins. However, there is a risk to its business growth if PNGRB implements open access policy for CGD network and faster adoption of EVs. In the near term, due to Covid-19 initiated lockdown, CNG and industrial/commercial PNG sales dipped in Q1FY21 and have not fully recovered yet. We believe a full recovery in demand will take time. We maintain HOLD recommendation on the stock and value standalone IGL at |Rs 378/share (21x FY22E EPS) and investment in Central UP Gas (CUGL) and Maharashtra Natural Gas (MNGL) at Rs 32/share to arrive at a target price of Rs 410.
11:54 AM
BROKERAGE VIEW:: Emkay Global on Jindal Stainless
RATING : HOLD | TARGET PRICE: Rs 52
JSL announced the issuance of equity convertible warrants to tide over working capital shortfall as it is under moratorium and does not expect banks to extend the additional loan in the near term. The company needs cash immediately as it ramps up plant utilisation.
The warrants are priced at Rs 42.55/share, a discount of 16.8% to yesterday's closing price. The warrants will be subscribed to by the promoters (89%) and Kotak Special Situations Fund (11%). 33% of the issue is payable upfront and balance will be due in 18 months.
The equity infusion by promoters is generally a sign of confidence in the company, but the pricing has caught us by surprise. The discount to the CMP should cap near-term upside. The QIP results in 7.9% EPS dilution; promoters' stake will rise from 68.12% to 69.87%.
We are constructive on SS demand in India due to increasing urbanization and government support to the domestic industry. We increase our target multiple from 4x to 4.5x Mar-22E and raise our TP from Rs 42 to Rs 52. But at the CMP, the near-term upside looks capped. Downgrade to Hold. Key risk is a slide in SS prices.
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Dharmendra Pradhan: Gas-based economy fuels cleaner growth
By Dharmendra Pradhan
In a momentous day in India’s energy history, Prime Minister Narendra Modi will lay the foundation stone of City Gas Distribution (CGD) projects in more than 60 geographical areas (GAs) spread across 124 districts on Thursday.
The Prime Minister will also launch Petroleum and Natural Gas Regulatory Board’s (PNGRB’s) 10th CGD bidding round. The development signifies the government’s resolve and the political will to develop a gas-based economy and increase the share of natural gas in the primary energy mix of the country.
I am often asked why the government is duplicating efforts by pursuing higher adoption of PNG when it has invested heavily in expanding LPG coverage through the PM Ujjwala Yojana. My answer is that LPG and PNG can happily co-exist. PNG is an affordable, safe and clean fuel for household kitchens, which also provides the convenience of uninterrupted supply. Besides, the government is utilising LPG saved through the PNG adoption in providing LPG coverage to disadvantaged households and in remote regions. Doubts have been raised in certain quarters about the wisdom in promoting CNG when BS-VI auto fuels will be introduced nationwide in April 2020 since the latter is considered as clean as CNG. Again, we are giving people a choice of clean fuels without favouring any one fuel or technology over another. Generally, CNG is cheaper than petrol or diesel. Also, there are mostly BS-IV or earlier vehicles on our roads which can’t really reap the full benefits of the cleaner BS-VI fuels.
Since April 2014, the number of CNG stations in the country has gone up by 79% to reach 1,450 as of September-end 2018. The growth in the number of domestic PNG connections has been even more impressive at 90% — from 24.72 lakhs to 47.09 lakhs — in the same period. In the Delhi-NCR region, IGL added over 1 lakh new PNG connections in a record seven months in 2018-19.
The 9th CGD bidding round was undertaken after extensive consultations with stakeholders, including state governments and CGD companies, and has proved to be a runaway success. After this round, CGD networks will cover 35% of the country’s area and 46.24% of its population. This round will attract about Rs 70,000 crore in investment.
Similarly, the 10th bidding round is expected to attract an investment of about Rs 50,000 crore. Cumulatively, after the implementation of the 10th bidding round, India will have CGD infrastructure operational in 228 GAs across 402 districts, serving over 70% of the population. India is looking at a robust infrastructure of about 10,000 CNG stations in 10 years from now. This will generate a new economy centred around CGD, and sets of employment opportunities will be created in about 400 districts in the country.
Expectedly, these developments in India’s CGD space have received a positive response from the industry. Several new companies, including from abroad, have entered the sector in recent years. The government has driven a firm message that CNG is a permanent auto-fuel. The response from leading auto-manufacturers has been encouraging and they are coming out with factory-fitted CNG vehicles.
While CNG can be a competitive fuel option for intra-city travel, we also see a bright future for LNG as a transportation fuel, especially for long-haul heavy commercial vehicles. Several companies are working on LNG trucking and LNG refuelling centres. Very soon, we will come across LNG refuelling stations on major industrial corridors in the country.
The government has been engaging stakeholders to address both supply and demand issues. Considerable progress has been made in extending natural gas access to eastern and north-eastern India through the Pradhan Mantri Urja Ganga pipeline and Indradhanush Gas Grid projects. LNG import infrastructure in the country will expand significantly in the near term with commercial operations of two new re-gas terminals at Mundra and Ennore slated to commence this fiscal. We expect gas supply in India to come not only from domestic fields and imported LNG but also from newer sources such as Bio-methane and Compressed Bio Gas (CBG). Oil marketing companies recently floated an ‘expression of interest’ with 100% offtake guarantee of CBG. The city gas infrastructure around more than 350 districts can receive CBG at any part of the country.
It is well known that the demand for natural gas in India is price-sensitive. The government is trying to increase gas consumption across diverse industries, especially MSMEs such as glass and ceramic units. Representatives of the steel industry have told us that gas-fired steel units are able to produce superior quality of steel. We are working on setting up India’s first-ever Gas Trading Exchange.
All of this, of course, will also promote employment for our youth. All stakeholders, but most importantly the companies, need to come forward to meet this challenge.
(The writer is minister of petroleum and natural gas)
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