Indus has released its FY18 results, which are in line with our forecasts on a total revenue basis and continue to show good operational cash flows. Of significance, the company has confirmed that the Petroleum & Natural Gas Regulatory Board (PNGRB) have invited bids for laying the planned Langtala-Bhilwara pipeline, which once connected, will facilitate increased capacity for gas production, and give Indus access to India’s national gas pipeline network. We see this as being very g
01 Oct 2018
FY 2018 Results
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FY 2018 Results
Indus Gas Limited (INDI:LON) | 49.4 0 0.0% | Mkt Cap: 90.3m
- Published:
01 Oct 2018 -
Author:
Tim Dainton -
Pages:
3
Indus has released its FY18 results, which are in line with our forecasts on a total revenue basis and continue to show good operational cash flows. Of significance, the company has confirmed that the Petroleum & Natural Gas Regulatory Board (PNGRB) have invited bids for laying the planned Langtala-Bhilwara pipeline, which once connected, will facilitate increased capacity for gas production, and give Indus access to India’s national gas pipeline network. We see this as being very g