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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Indus Gas Ltd Ord Gbp0 01 | AQSE:INDI.GB | Aquis Stock Exchange | Ordinary Share | GG00B39HF298 | Ordinary Shares 1p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -6.06% | 15.50 | 14.00 | 17.00 | 17.1802 | 14.964 | 16.50 | 194,405 | 15:29:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMINDI
RNS Number : 3920W
Indus Gas Limited
18 August 2022
Indus Gas Limited
("Indus" or the "Company")
Gas Sales Price Increase
Indus is pleased to announce, that for its existing gas sales purchase agreement ("GSPA"), a gas price increase in respect of sales from RJ-ON/6 Block has been agreed with the gas buyer, GAIL (India) Limited ("GAIL").
The gas price for RJ-ON/6 Block effective 1 April 2022 will be as per the Domestic Gas Price on Gross Calorific Value basis (GCV) as notified by Petroleum Planning & Analysis Cell of the Government of India. The floor price of gas sales will continue to be US$4.5146 per MMBTU on GCV which is equivalent to the existing price realization of US$5 per MMBTU on a Net Calorific Value basis up to 31 March 2022. The GSPA otherwise remains unchanged.
This gas price revision has resulted in the gas price being revised to US$6.1 per MMBTU on Gross Calorific Value basis from 1 April 2022 to 30 September 2022 resulting in a price increase (as compared to the floor price) of about 35%. The Board is very pleased to have agreed this higher gas price with GAIL.
For further information please conta ct:
Indus Gas Limited
Jonathan Keeling +44 (0) 20 8133 3375
Strand Hanson Limited (Nominated and Financial Adviser)
Ritchie Balmer, Rory Murphy +44 (0) 20 7409 3494
Arden Partners plc (Broker)
Equity Sales: James Reed-Daunter +44 (0) 20 7614 5900
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END
MSCUBABRUBUWAAR
(END) Dow Jones Newswires
August 18, 2022 02:00 ET (06:00 GMT)
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