Targeting 10-15% volume growth this fiscal-:- Equity Research

After the government cut gas prices to USD 2.50 per MMBTU on Friday, Gujarat Gas says it will try to maximise the benefit of the price cut that can be passed on to the customers. Gujarat Gas is working on gas pricing and will try and pass on benefits as much as possible to customers and will likely revise prices by Monday evening, said Nitin Patil, Chief Executive of the company. Patil said the company expects a volume growth from the revised prices and is targeting 10-15 percent volume growth in FY17. He added that Gujarat Gas has started working on its projects like Dahej and Thane and volumes from such projects will start kicking in from next quarter onwards.