NATURAL GAS VEHICLES
Brookfield targets USD 10 billion investments in renewable sector
Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a current portfolio of over 25 GW, Brookfield is the second-largest investor in India’s green energy assets. Through its new Catalytic Transition Fund, Brookfield aims to further its commitment to clean energy and transition projects in emerging economies, including India.
India's downstream oil and gas profits to fall; upstream to remain strong: Fitch Ratings
India's oil and gas sector is forecasted to have mixed fiscal performance in FY24, with downstream profits expected to decline while upstream growth remains robust, driven by a 3-4% increase in petroleum product demand for FY25. Diesel and petrol will dominate consumption, with anticipated stable marketing margins for oil marketing companies. Upstream companies will continue high capex for production growth, while crude oil import dependency is projected to increase despite rising domestic production.
IGL to diversify into solar rooftop, battery recycling
"With the exponential growth being witnessed in the electric vehicle market, demand for batteries has risen significantly. Many rare earth metals go into battery manufacturing, so IGL thinks recycling them could be a lucrative option, especially when not many companies are doing it," said another senior industry executive.
Tesla vs Tata Motors: Elon Musk's $56 billion salary more than TaMo revenue
Musk's compensation package not only outstrips TaMo but also surpasses the total revenues of other prominent Indian entities, including HPCL, SBI, Rajesh Exports, and TCS
These 5 energy stocks can give more than 18% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Volatility ahead, time to look at boring utility stocks? 4 stocks from the natural gas sector with an upside potential of upto 26%
Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better.
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India's May fuel use inches up on month on strong industrial activity
India's fuel consumption in May increased due to strong industrial activity and elections, as per data from the PPAC. The country's oil demand and consumption trends are reflected in the data provided by the PPAC.
Saudi Arabia may announce landmark Aramco share sale today: Report
Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval from Crown Prince Mohammed bin Salman, people with knowledge of the matter said.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
America is joining its frenemies back in the fossil fuel club
US President Joe Biden imposed tariffs on Chinese clean technology imports to support the US clean technology industry against China's dominance.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
Get your portfolio ready for election results: Hedge the re-rated oil and gas sector stocks
Right from power, railways, PSU banks, sectoral lenders to oil and gas there are many sectors which have made a comeback in the last 10 years. Comeback both in the real business sense, where the operating matrix and fundamentals of the sector have improved which has led to better performance. Also a comeback on valuation front, where the stocks which were quoting at a price earning multiple of single have been now consistently quoting in high double multiples. A number of them have seen this transformation due to a stable policy environment, policy push and policy cleanup which the government has undertaken in the last ten years. The consensus estimate of the street is that policy continuity is the most critical thing for the re-rating to continue. In this new series, we take a different sector and how much they are dependent on government policy and how investors can protect their portfolio from any sudden decline.
These 4 energy stocks can give more than 23% returns in one year
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
BJP manifesto gives 9 themes for investors in stock market
BJP manifesto, which promises continuity and enhancement of previous policies along with new measures to deepen and widen India’s economic progress, is seen as having a positive impact on multiple sectors if PM Modi returns to power. Domestic brokerage Phillip Capital sees a positive impact on sectors like automobiles, cement, metals, real estate, alternative fuels, financials, pharma, FMCG, EMS, hotels, airline, etc. Here are 9 ideas from the brokerage:
Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta
GAIL chairman Sandeep Kumar Gupta said the government should mandate the use of natural gas in refineries and steel making, and make emissions a factor in the merit order for electricity despatch to help gas-based power compete with coal-based supply. He also said natural gas should come under the goods and services tax (GST) regime, production-linked incentive (PLI) should be extended to LNG-powered vehicles and GST on CNG-powered vehicles should be slashed to 5% from 28%, on a par with electric vehicles (EVs).
India's petrol consumption doubles in a decade
Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the government's clean cooking drive increased access to LPG.
Halve your fuel expense? Bajaj's CNG bike may do just that
Bajaj Auto plans to disrupt the entry-level motorcycle market with the world's first CNG-run motorcycle, aiming to halve monthly fuel expenses. The bi-fuel motorcycles, priced at a premium, will challenge Hero MotoCorp's dominance. Bajaj aims to capitalize on the mileage-conscious entry-level segment, where it currently holds an 8% share. The move aligns with government carbon reduction goals and leverages Bajaj's experience in CNG three-wheelers. Launching first in Maharashtra and Gujarat, Bajaj plans to expand its CNG motorcycle portfolio in India and select international markets.
Energy, auto companies bet big on LNG trucks
LNG trucks are called long-haul vehicles, as they have a driving range of 600-1,000 km in a single fuel fill, giving them an edge over other fuels. By 2030, India could see 50,000 trucks serviced through 400 LNG retail stations, according to Emkay Research. India has around 4 million trucks operating, of which 1 to 1.5 million would be diesel-run trucks. Emkay Research says 3-5% of this can be converted to/replaced by LNG by CY30, which implies 50,000 trucks.
Is all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade.
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system.
Petrol, diesel prices fallen in India when global energy market in turmoil: Puri
Petroleum and Natural Gas Minister Hardeep Singh Puri highlighted that petrol and diesel prices in India have decreased despite global energy market turmoil, contrasting with price increases in other countries like Pakistan and Sri Lanka. Puri emphasized India's diversification of crude oil sources, increased use of alternative energy, and transition to electric vehicles.
Gas distributor AG&P Pratham cuts CNG price by Rs 2.5 per kg in Kerala
AG&P Pratham has announced a price cut of Rs 2.5 per kilogram in compressed natural gas sold at its outlets in Kerala and Andhra Pradesh. The reduction took effect from March 7. The price of CNG sold at Thiruvananthapuram, Alappuzha, and Kollam is now Rs 85.50. In Andhra Pradesh, the reduction is the same but the prices will vary between Rs 90.50 and Rs 91.50.
Tata Motors' Sanand plant crosses 1 million car rollout milestone
Tata Motors' Sanand plant in Gujarat, India, reached a significant milestone by producing its 1 millionth car. Established 14 years ago, the plant initially focused on small car production but has since transitioned to producing electric vehicles (EVs) and compressed natural gas (CNG) cars. The plant's success reflects Tata Motors' commitment to innovation and sustainability in the automotive industry.
Torrent Gas announces reduction in CNG prices by Rs 2.50 per kg across all locations
Torrent Gas reduces CNG prices by Rs 2.50/kg, following Mumbai and Delhi's price cuts. The reduction makes CNG up to 45% cheaper than petrol and up to 37% cheaper than diesel. Mahanagar Gas and Indraprastha Gas had earlier announced similar price cuts. The reductions are attributed to a softening in input gas prices. Torrent Gas, with 428 CNG stations and over 1 lakh piped cooking gas customers, expects the price cut to boost the adoption of CNG vehicles.
Full benefit of gas reforms hasn't reached end user: Hardeep Puri
Monopoly over licensed areas for too long has ensured strong profits for city gas companies. Listed city gas companies have routinely shown far higher returns on investments than natural gas producers or refiners. “The fact of the matter is if you have low punitive provisions and you are not able to enforce compliance, you have difficulty,” Puri said. “So, I’m very clear in my mind, that we’ve finished all bidding. And we will take all the measures necessary. It doesn’t matter who goes to the court and does what.”
Tata group will remain committed to integrity, innovation, social responsibility: N Chandrasekaran
Tata Sons Chairman N Chandrasekaran emphasized the company's commitment to upholding its founder Jamsetji Tata's legacy and principles of integrity, innovation, and social responsibility. He addressed a gathering in Jamshedpur, Jharkhand, and inaugurated an exhibition at Steelennium Hall at Jamshedpur Works of Tata Steel.
Adani-Total Gas betting big on LNG to fuel growth
Adani Total Gas aims to boost the adoption of liquefied natural gas (LNG) as a primary fuel for long-haul commercial vehicles, replacing diesel. The company plans to establish 50 LNG dispensing stations along national highways in the next few years. ATGL is engaging with stakeholders, including auto ancillaries, OEMs, fleet operators, and retrofitment players, to overcome distribution challenges.
Indian Biogas Association pitches for Rs 30k cr investment for compressed biogas plants
Indian Biogas Association Chairman Gaurav Kedia pointed out that there are obstacles to procurement, such as unappealing economics, which makes farmers prefer to burn rather than sell off the field straw promptly.
Niti Aayog moots sops, extension of PLI to LNG vehicles
According to the Aayog, India's rapidly expanding trucking market, which is expected to more than quadruple from 4 million trucks in 2022 to roughly 17 million by 2050, offers immense scope for lowering emissions and encouraging investments for growth.
Automakers brace for moderate sales after record 2023; gear up for more EV launches in 2024
Federation of Automobile Dealers Associations President Manish Raj Singhania said the automobile sector is poised for steady growth next year with an expected low single-digit growth in passenger vehicles and high single-digit growth in two wheelers.
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