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上海后花园论坛

GAIL Rating: Buy | Supply disruption poses earnings risk

Strong profit of Rs 29 bn (c9% q-o-q) in Q1 driven by record marketing Ebitda of Rs 24 bn had little meaning as supply disruption in the current quarter puts future earnings at risk. Company indicated that its LNG cargoes from Gazprom Marketing and Trading Singapore (2.5mmtpa contract) have been disrupted since June and will …

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