Indus has released its FY 2020 results to the end of March. These report revenues of US$58.0m compared with our US$60.6m forecast. EBITDA was then US$55.5m, marginally ahead of our US$55.1m forecast. The already-gained approval of the wider RJ-ON/6 development plan, incorporating SSG and SSF, and the ongoing progression of discussions for the new pipeline connection, are positive developments for Indus.
