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Expansion● Neutral for Indian Oil
India plans LNG storage boost, a pipeline tariff surcharge to support
The brief
- Planned LNG storage capacity expansion requires ₹15,000 crore investment
- India currently has 12 days of LNG storage capacity
- Storage investment and pipeline surcharges may affect Indian Oil and domestic gas-sector costs
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| IOC | Fri, 25 Sept | −0.4% | −0.8% | 1.0× | −0.4% · Nifty +0.3% |