Q1-FY25 · Kamal Kishore Chatiwal
We are targeting 9.5, exiting the fourth quarter at 9.5.
Indraprastha Gas · tone and specificity signals across the available quarters.
Language signals
We are targeting 9.5, exiting the fourth quarter at 9.5.
We are targeting much more closer to 8, or rather in excess of 8.
CBG would be the cheapest gas available in the country... landed cost to be somewhere around, even 10%-12% cheaper than the APM.
We are quite confident and hopeful that around 8%-10% CNG traction will happen.
We will try to keep the long term in the range of 7-8. In case if it is on the upper end, we may try to think of giving some benefit to the consumer.
The industry has already represented that one is to the sector under GST. Second is the rationalization of excise duty. Third one would be your Gujarat VAT.
We have a target of 9.5 million per day, and if we see the Q2 average, we have attained around 9.03. We are hopeful of touching in the balance period of the half year of around 9.5.
If you're talking about the reduction, how much price increase it warrants, that is around INR 5 in Delhi and around INR 5.5 to INR 6 in other states.
We are not seeing too much of conversion to electric at this moment, other than the Delhi Transport Corporation. The private vehicles, additions are definitely there, but the existing numbers continue to be with us.
We are confident that INR 7-INR 8, the guidance, we will be able to maintain.
Our bigger vision is to create an IGL kind of entity.
If we get INR 1+ kind of a benefit in tariff and INR 1 from this VAT reduction, then I think we are in INR 7-INR 8 range.
We have successfully secured additional gas volumes at competitive price from our existing suppliers... with gas prices of these additional volumes remaining within ₹38-₹40 per SCM.
If we have a INR 2 increase per kg, then I think INR 2 per SCM, rather, then I think that should take care of us reaching back to around INR 7-INR 8 range.
The data shows that EV has been growing by around 4%-5%. That too only in the premium segment. Whereas in the passenger commercial vehicle, the normal category and all, I think CNG is growing fast at around 43%.
Our vision is to make it queueless. I mean, there should be no queue at stations.
The long-term guidance remains that seven to eight is our target range.
We will be exiting the quarter at 10 million, that we are confident.
We are quite sure that the gas mix available with us or current portfolio is one of the best in the CGD sector.
Our main concern is how to remain competitive with respect to EV. That is what we are competing against.
We are confident that first quarter will be in this range [INR 6-7 EBITDA per SCM].