GSPL shares in a 20% lower circuit after PNGRB nearly halves HP Pipeline tariff

 https://youtu.be/6ugvlnnzLxo?si=lwpW1MTqhZzjBANE

GSPL shares in a 20% lower circuit after PNGRB nearly halves HP Pipeline tariff

  • Tariffs have been cut by 47% by PNGRB to ₹34 per mmbtu from the earlier ₹18.1 per mmbtu. Contrary to the price cut, GSPL had sought ₹50.8 per mmbtu as the revised tariff. The 47% tariff cut is also higher than the street expectation of a 10% to 15% cut.
  • As a result of this order, GSPL's Earnings Per Share (EPS) is likely to decline by 30% to 40% in financial year 2025. PNGRB has cut the tariff citing higher volume assumption and economic life extension of the pipeline. GSPL's management said that it is studying the order.

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