The National Green Tribunal (NGT) has recently ordered all ceramic units that operate on coal gasifiers in Morbi, Gujarat to switch to gas or shutdown their operations. This move stands to benefit the industrial volumes of Gujarat Gas, which is the sole supplier of natural gas in the region.
Given this positive impact, the company’s stock has seen an steep uptick in trade. – Morbi accounts for almost 70 percent of the ceramic industry in India and almost five percent worldwide
– The region consumes around 2.5 million standard cubic feet per day (MMSCMD) of gas at present. Nearly 50 percent of ceramic companies were relying on coal gasifiers. Switch to gas is expected to take gas consumption to four MMSCMD Read More