Further, the management expects the gas division Ebitda/tonne of ₹7,000 seen in FY26 to sustain, aided by increased distribution volumes and procurement efficiencies. It expects distribution volumes to reach 2 million tonnes by FY28, driven by the ramp-up of the Mangalore, Haldia, and Pipavav facilities, versus 754,000 tonnes in FY26. But the government’s increased thrust on PNG adoption poses a risk to the LPG business.
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