Stockrabit · Analysts
Questions across 2 calls

Pratyush Kamal

InCred Equities

Mahanagar Gas Limited

Mahanagar Gas Limited CC-Dec24.pdf · 2025-01-29
So I have a few sets of questions, which I wanted to ask. First is regarding your sourcing. So you source couple of -- you do have a couple of contracts, which are linked to Henry Hub and some are linked to Brent. I just wanted to understand like what is the pricing mechanism for these contracts? And what is the general sourcing mix for you? What percentage of the total volumes do you get from Henry Hub versus Brent versus APM, etcetera?
Okay, sir. And what are the slopes and fixed components when you talk about Brent like contract and Henry Hub?

Indraprastha Gas Limited

Indraprastha Gas Limited CC-Dec24.pdf · 2025-01-28
So sir, one question which I have is regarding your current tax structure, because there has been a lot of noise about bringing natural gas into the GST regime. So how does the current tax structure looks like currently in natural gas? So you get the gas from GAIL. So does it attract additional VAT? And do you get any input credit for that? Because since I think it would be interest rate transfer, you might not be getting that. So what's your comment on this aspect?
Understood, sir. And just to clarify this, so the 15% is being paid by the GAIL when we gets the gas from Petronet. And when the GAIL gives you the gas, then you'll have to pay additional 2% VAT because of this interstate transfer. Am I correct? Or is there something different?