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Shares of GAIL and GSPL spike as regulatory proposed changes may boost India's natural gas usage.
Shares of GAIL and Gujarat State Petronet Ltd (GSPL) surged up to 7% after the Petroleum and Natural Gas Regulatory Board proposed amendments to gas transmission tariffs.
These changes are expected to lower operating costs for gas companies and could boost India's natural gas usage.
Analysts are positive on GAIL, with a 1-year target price of Rs 215, while GSPL's target price is Rs 373.
The amendments could potentially increase natural gas's share in India's energy mix from 6% to 15%.
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Las acciones de GAIL y GSPL suben a medida que los cambios propuestos por la regulación pueden impulsar el uso del gas natural en la India.