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Piped natural gas: Beyond business as usual

Piped natural gas: Beyond business as usual

As India transitions to a cleaner future, natural gas is emerging as a crucial bridge fuel. Recognising its strategic role, the government aims to increase the share of natural gas in the primary energy mix to 15 percent by 2030 from the 2022 level. As a part of this push, expansion of city gas distribution (CGD) networks has come into focus, witnessing the fastest growing gas demand and becoming the second-largest gas consuming sector after fertilisers. Yet the segment seems to be facing various hurdles to its growth, especially on the regulatory and policy fronts.
The Indian government has awarded 307 geographical areas across 12 bid rounds, spread over around 748 districts by 2024. The CGD companies—public and private—have committed to connect 120 million piped natural gas (PNG) users by 2030.
However, the actual rollout figures tell a different story. Currently, India has over 15 million PNG connections with nearly 1.6 million connections being added annually over the 2020-24 period. To hit the 2030 targets, the rollout of PNG connections would need to accelerate more than ten-fold, which translates to an addition of nearly 18 million connections annually over the next 6-8 years. Achieving this ambitious target requires a deviation from the 'business as usual' stance.
The gap between the targets and the actual PNG connections today is more of a performance issue reflecting deeper structural and regulatory challenges.
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Mphasis, 6 other stocks to trade ex-dividend tomorrow. Last opportunity to buy for benefit
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Mphasis, 6 other stocks to trade ex-dividend tomorrow. Last opportunity to buy for benefit

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The shares of a few companies like Mphasis and Pfizer , among others, will start trading on an ex-dividend basis from Wednesday, as the board of these companies had previously announced July 9 as the record date for the purpose of determining shareholder eligibility. This means that investors who wish to gain from the dividends of these companies should buy the shares of these companies by the end of today's trading session, so as to qualify for eligibility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo What does a record date mean? Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The record date for a dividend is the cut-off date set by a company to determine which shareholders are eligible to receive the dividend. Only those who hold the company's shares on or before the record date are entitled to receive the dividend payout. If an investor buys the shares after the record date, they will not receive the dividend. To be eligible, investors typically need to purchase the shares at least one trading day before the ex-dividend date, which is usually set one or two days before the record date. Live Events Why to buy one day before the record date? After the implementation of the T+1 framework, the record date and ex-date are the same in most cases unless there is a market holiday after the ex-date. The T+1 settlement system in the Indian stock market means that a trade is settled one business day after the trade date (T). So, if you buy or sell a stock on Monday (T), the settlement — i.e., transfer of shares and money — will be completed on Tuesday (T+1). Which companies go ex-dividend on Wednesday? Mphasis has declared a final dividend of Rs 57 per share Pfizer has announced a final dividend of Rs 35 per share and a special dividend of Rs 130 per share Elegant Marbles & Grani Industries declared a final dividend of Rs 1 per share Johnson Controls – Hitachi Air Conditioning India announced an interim dividend of Rs 36 per share Kabra Extrusiontechnik will pay a final dividend of Rs 2.5 per share SJS Enterprises will distribute a final dividend of Rs 2.5 per share (25%). SML Isuzu declared a final dividend of Rs 18 per share ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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