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Best Natural Gas Stocks in India
Last Updated: 21st May 2024 - 04:04 pm
India's energy environment is undergoing a significant change, with natural gas appearing as a critical component in the country's move towards a more sustainable and better energy future. As the nation tries to reduce its reliance on coal and lessen the environmental effect of fossil fuels, The best natural gas investments have received broad notice from investors who want rich chances. This piece talks about the best natural gas stocks in India and gives you information about the future of the business and possibly the best natural gas investment opportunities.
Overview Of Best Natural Gas Stocks In India
Reliance Industries Limited is a diverse conglomerate with a strong position in the natural gas field. The company runs one of the best natural gas stocks plants in the world and has substantial stakes in offshore and downstream natural gas operations. Reliance's natural gas business includes research, production, transportation, and selling. The company holds significant stakes in critical local gas fields, including the KG-D6 block, and has spent money in building facilities for gas shipping and marketing. Reliance's combined method and large-scale activities make it a significant player in India's natural gas business.
GAIL (India) Limited is a state-owned company that plays a crucial part in India's best natural gas stock to buy. It is involved in the transportation, processing, and sale of natural gas through a vast pipeline network spanning across the country. GAIL runs several LNG import ports and has a prominent position in the city gas delivery business. The company also works in petroleum production and has moved into green energy projects. GAIL's strategic location and diverse operations make it a key player in the natural gas business.
Oil and Natural Gas Corporation (ONGC):
Oil and Natural Gas Corporation (ONGC) is India's most extensive research and production business, with a significant focus on the best natural gas investment. ONGC is involved in the discovery, growth, and supply of oil and gas resources, both locally and globally. The company holds sizable natural gas sources and runs several gas fields across the country. ONGC's offshore operations are supported by its role in gas processing, shipping, and selling. The company's solid resource base and vertically integrated processes add to its place as a top natural gas player.
Indraprastha Gas Limited (IGL) is a significant city gas delivery company working in the National Capital Region (NCR) of India. The company is responsible for the distribution of natural gas to homes, business establishments, and compressed natural gas (CNG) stations for cars. IGL has an extensive network of pipes and CNG stations, allowing better fuel options to be transported to urban areas. The company's focus on growing its distribution facilities and pushing the use of natural gas in transportation fits with India's goals of lowering pollution and supporting sustainable energy solutions.
Petronet LNG Limited is a critical player in India's best natural gas investments, focusing on the sale and regasification of liquefied natural gas (LNG). The company runs LNG import ports along the country's shoreline, enabling the flow of natural gas to different areas. Petronet LNG has created strategic ties with global LNG producers and has played a crucial role in increasing India's supply of natural gas. The company's experience in LNG handling and delivery adds to the nation's energy security and supports the growing demand for cleaner fuels.
Gujarat Gas Limited is a significant city gas delivery company working primarily in the state of Gujarat. The company has an extensive network of pipes and delivery facilities, allowing the sale of natural gas to homes, business establishments, and industrial units across different cities and towns in the area. Gujarat Gas Limited has been at the forefront of pushing the use of natural gas as a cleaner and more efficient fuel option. The company's focus on growing its delivery network and customer base fits with the state's efforts to improve energy access and reduce environmental effects.
Gujarat State Petronet Limited:
Gujarat State Petronet Limited (GSPL) is a state-owned company involved in the transportation and sale of natural gas within the state of Gujarat. GSPL runs a vast network of gas pipes, connecting major industry hubs, power plants, and city gas delivery networks. The company plays a vital part in ensuring the dependable and efficient transportation of natural gas across the state. GSPL's infrastructure and operating skills add to the efficient spread of natural gas, supporting the growth of various sectors and pushing the use of cleaner energy in the area.
Adani Total Gas Limited is a joint partnership between India's Adani Group and France's TotalEnergies, focusing on the city gas delivery business. The company has been constantly working in the government's efforts to grow the natural gas distribution network across various physical places in India. Adani Total Gas Limited has won permits to create and run city gas distribution networks in multiple cities and regions, allowing the sale of natural gas to homes, business places, and transportation sectors. The company's approach to infrastructure development and customer service places it as a significant player in the fast-growing city gas delivery segment.
Mahanagar Gas Limited (MGL) is a significant city gas delivery company working in the Mumbai Metropolitan Region. The company has created an extensive network of pipes and compressed natural gas (CNG) pumps, easing the sale of natural gas to households, businesses, and industrial users. MGL's operations have played a crucial role in pushing the use of natural gas as a cleaner fuel option in one of India's most heavily crowded urban places. The company's focus on growing its distribution facilities and improving customer service has added to its place as a significant player in the city gas distribution sector.
ONGC Videsh Limited:
ONGC Videsh Limited (OVL) is a wholly-owned division of Oil and Natural Gas Corporation (ONGC), responsible for the company's foreign drilling and production operations. OVL has bought shares in different oil and gas projects across multiple countries, including Russia, Vietnam, Myanmar, and Brazil. The company's foreign activities add to ONGC's general natural gas output and help broaden its resource base. OVL's experience in handling foreign projects and its innovative partnerships with international companies improve India's access to global energy resources, including natural gas reserves.
Performance table of best Natural Gas Stocks
Company | Market Cap (INR Cr) | P/E Ratio | Dividend Yield (%) | YTD Return (%) | 1-Year Return (%) |
Reliance Industries Limited | 17,21,729 | 23.2 | 0.6% | 4.1% | 16.8% |
GAIL (India) Limited | 74,839 | 7.8 | 6.2% | -6.7% | -3.2% |
Oil and Natural Gas Corporation (ONGC) | 2,12,942 | 4.9 | 9.1% | -9.3% | 11.4% |
Indraprastha Gas Limited | 43,855 | 28.5 | 1.6% | 5.8% | 11.7% |
Petronet LNG Limited | 37,293 | 9.6 | 5.3% | -12.6% | -13.9% |
Gujarat Gas Limited | 37,019 | 20.1 | 1.8% | -3.8% | 5.2% |
Gujarat State Petronet Limited | 26,508 | 14.9 | 2.4% | -6.4% | 7.1% |
Adani Total Gas Limited | 1,89,345 | 56.7 | 0.1% | 10.2% | 24.6% |
Mahanagar Gas Limited | 22,367 | 24.7 | 1.4% | 1.9% | 12.8% |
ONGC Videsh Limited | 26,912 | 5.6 | 5.3% | -4.2 | - |
Frequently Asked Questions
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