It has been announced today that Gujarat Gas, an Indian subsidiary of British Gas and the largest city gas distribution company in India, is likely to witness a strong growth in topline and bottomline in the coming quarters, thanks to additional supplies of natural gas.
Gujarat Gas'supply contract with Panna-Mukta-Tapti (PMT) consortium became operational in September ’07. This will add nearly 50% to Gujarat Gas' supply contracts volumes once it becomes fully operational. In view of this, investors can consider investing in this company with a 12-month perspective
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