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Counterview-VII: CGD is the sector to watch
Feb 20: The bull run scripted by the OMCs can see a parallel in the city gas distribution business.
8PNGRB, under a dynamic boss, is working on bid reforms and is expected to come up with bids of a100 cities in the few weeks.
8This would provide longevity to volume growth for the sector and a big boost to the gas sector.
8EVs are not likely to be a threat for CNG for the next 10 years, according to this line of thinking.
8Bidding for new cities could re-rate the sector significantly upwards
8Even award of 10 cities each year for the next 10 years could result in volume CAGR of 8.5% for the next 20 years.
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