India in the short term and medium term is facing acute shortage in natural gas. The prices are ready to explode making power generation very expensive. This in turn can provide a scenario for hyperinflation. Three companies, namely Gujarat Gas Company Ltd, Petronet LNG Ltd and Indraprastha Gas Ltd were the biggest contributors to the growth in this index and moved up by 105%, 82% and 42%, respectively, during the period. Incidentally, all these companies belong to the natural gas sector, which is gaining ground as an important source of energy both in terms of price as well as availability.
Monday, July 7, 2008
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