tag:blogger.com,1999:blog-4899103722933689680.post3437715408825188415..comments2024-02-27T11:21:48.313+05:30Comments on Beating The Dalal Street............: I can't resist.....Rajeev Desaihttp://www.blogger.com/profile/13770541646082106675noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4899103722933689680.post-66258639451697438262009-07-11T21:43:17.285+05:302009-07-11T21:43:17.285+05:30Yes Mitz,
These are great news for Pipe Line manuf...Yes Mitz,<br />These are great news for Pipe Line manufacturerors.I have always emphasized on these sector.Rajeev Desaihttps://www.blogger.com/profile/13770541646082106675noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-88526791318490527072009-07-11T17:00:43.446+05:302009-07-11T17:00:43.446+05:30Read An article in todays Economic Times. Great fo...Read An article in todays Economic Times. Great for all Pipeline manufacturers i guess<br /><br />Numerous gas findings have been reported in the country over the past few months, but with a cross-country gas grid system nowhere on the horizon, the Indian consumer’s wait for gas, like in the US and Europe, is getting longer. <br /><br />While developed economies have a well-developed gas trading market with gas exchanges, futures and city-wide gas pipelines, India has none of these, and has a total pipeline length of just 10,600 km. In comparison, even Pakistan has a pipeline length almost five times at about 56,400 km. <br /><br />The US, on the other hand, has one of the largest networks with a total pipeline length of 18.3 lakh km. India also has the unique distinction of having one of the lowest pipeline spreads per sq km of land at .003 km of pipeline per sq km of land compared to the UK (1.08 km) and the US (0.19 km). <br /><br />A widespread gas transmission system is critical to the development of an economy. While the Henry Hub in the US connects nine inter-state and four intra-state gas pipelines in Louisiana, India has no such hub. With a transportation capacity of 1.8 billion sq ft, Henry Hub acts as the pricing point for Nymex gas futures. <br /><br />Currently, two major pipelines run across the country, connecting the North to the West and the South to the West. The HBJ pipeline operated by GAIL acts as the backbone, connecting an ONGC delivery point in Hazira (Gujarat) to Jagdishpur (Uttar Pradesh) and Bijapur in Madhya Pradesh. <br /><br />It is the largest at 3,187 km long. The other pipeline — Reliance Gas Transportation India’s transports gas from Kakinada on the Andhra coast, the landfall point for gas from the Krishna Godavari Basin, to Bharuch in Gujarat is about 1,386 km, connecting south India to the West. <br /><br />GAIL has extended the pipeline connecting an Liquefied Natural Gas (LNG) terminal in Dahej, Gujarat to Uran in Maharashtra <br />. RIL plans to connect its KG Basin finds with Chennai and Bangalore. <br /><br />But there is still a gaping hole in the East, with no existing or a future pipeline pointing to that direction. Even northern states like Punjab, Rajasthan and Bihar, which have a desperate need for energy, have no new pipelines being set up in them. According to reports, the government may announce plans to build a 6,000-km pipeline, at a cost of over Rs 30,000 crore soon, by laying a gas cessMitzzzzzzhttps://www.blogger.com/profile/00407714675154666479noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-46935920734173721592009-07-10T18:54:56.577+05:302009-07-10T18:54:56.577+05:30Hey rajeev,
Luks like we are havinf\g a steep fal...Hey rajeev,<br /><br />Luks like we are havinf\g a steep fall despite the fact that we are getting better than expected news. Infy results were gud and IIP nos were even better and yet FIIs sold 1000 Cr worth of stocks.<br /><br />Is it to create an entry point for all those who missed out or are we in for a deeper correction ??<br /><br />Anything that you see in the US that should make us wary ?<br /><br />Thanks in advance.Mitzzzzzzhttps://www.blogger.com/profile/00407714675154666479noreply@blogger.com