Sharp fall in natural gas output in Q1
- August 17, 2020
- 147
- Uncategorized
The gross production of gas is expected to fall by 10.6% during FY21, CARE Ratings has said–production fell by 5.9% during FY20 and 0.7% during FY19.Domestic natural gas production declined sharply by 15.5% y-o-y during Q1FY21, compared with a 0.5% fall in Q1FY20. Low offtake by industries due to the Covid-19 crisis was behind the fall in production, with environmental issues also playing a role. Consumption of natural gas fell by 14.3% y-o-y in the quarter.
Related News
The gross production of gas is expected to fall by 10.6% during FY21, CARE Ratings has said–production fell by 5.9% during FY20 and 0.7% during FY19.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
Add Comment