A hybrid powertrain developer and a natural gas provider came up with the great idea of a truck loan program that allows local fleet operators to try out a CNG-electric hybrid truck and see for themselves what this powerful hybrid system can do.
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Dayo Adenubi
Dayo Adenubi
Published 26 May 2021
The Nigerian Content Development and Monitoring Board said that it had committed a total of $332m to venture partnerships and targeted $3.7bn in direct investment to the country.
The Executive Secretary of the NCDMB, Simbi Wabote, said this at the 2021 edition of the Nigerian Oil and Gas Opportunity Fair held virtually.
He listed the proposed projects under the partnerships and as well as the achievements the board had made from the previous edition in 2019.
Wabote said the partnerships included the 5,000 barrels per day Waltersmith Modular Refinery at Ibigwe, Imo State, the establishment of 80 million standard cubic feet per day gas processing plant with the NEDO Gas Processing Company in Kwale, Delta, and a 300 MMscfd Kwale Gas Gathering hub.
Motilal Oswal has a buy call on
GAIL (India) with a target price of Rs 205. The current market price of GAIL (India) is Rs 155.15.
GAIL (India) Ltd, incorporated in the year 1984, is a Large Cap company with a market cap of Rs 68870.37 Crore, operating in Gas & Petroleum sector.
GAIL (India) Ltd s key Products/Revenue Segments include Gas Natural, Polymers, Sale of services, Propane, Other Operating Revenue, Compressed Natural Gas (CNG), Power, Oil Crude and Income From Telecom for the year ending 31-Mar-2020.
Investment Rationale
Despite the ~23 per cent outperformance in CY21 and ~49 per cent in last six months, the stock trades at ~28 per cent discount to its 1-year forward long term PE average. Motilal Oswal doesn’t ascribe any valuation so far to GAIL Gas. However, if volume pick up commences in the CGDs (City Gas Distribution), especially Bangalore, then it may result in additional value. With potential of earnings revision by ~15 per cent as highlighted above, Motil