neither is true. USD 2 is price in USA. Price in Asia is USD 12.5. USA does not have export infra as of now to export more thats why price is low. Over next few months they will increase exports then US prices will increase and Asia price will decrease.
Price in Asia has come down from USD 60 to USD 12.5 so CNG price in India should come down in April. Asia prices should down to USD 5 to 6 in few months. CNG will be much cheaper than diesel.
by FY 24, LNG production in Qatar will more than double leading to further decline in LNG/CNG prices.
Hope EKCL is able to take advantage of surge in demand… unfortunately they are not present in lucrative segments like passenger vehicles !!! wonder what is stopping them…
Even if they continue doing whatever they are doing, sales & profits will back to March 22 levels and EPS of INR 25. If they set up the new plant for which land was bought… it could be higher… the story is back !!
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