NEW PROJECTS👇
👉Entered into North-East Region for Oil & Gas projects for our new client IGGL –Appx. 121 Kms
👉Received Major order from AGP Tamilnadu & Kerala for Laying of CGD pipeline –Appx. 350 Kms
👉Order from Numaligarh Refinery Ltd. for laying of Cross-Country Pipeline
👉Entered into North-East Region for Oil & Gas projects for our new client IGGL –Appx. 121 Kms
👉Received Major order from AGP Tamilnadu & Kerala for Laying of CGD pipeline –Appx. 350 Kms
👉Order from Numaligarh Refinery Ltd. for laying of Cross-Country Pipeline
GOVT. INITIATIVES👇
👉PNGRB has increased the Geographical Areas to 293 comprising 617 districts, covering 96% of population
👉India is focusing on gas-based economy & a lot of work is done on ‘One Nation, One Gas-Grid’ as gas-based economy is crucial for an Atmanirbhar Bharat.
👉PNGRB has increased the Geographical Areas to 293 comprising 617 districts, covering 96% of population
👉India is focusing on gas-based economy & a lot of work is done on ‘One Nation, One Gas-Grid’ as gas-based economy is crucial for an Atmanirbhar Bharat.
👉Govt. has taken several initiatives to increase the share of natural gas in India’s energy basket from 6% to 15% in the upcoming years.
👉The Govt. has an integrated approach to energy planning. The country is now witnessing work on 16000 kms new pipelines all over the country
👉The Govt. has an integrated approach to energy planning. The country is now witnessing work on 16000 kms new pipelines all over the country
👉A gas-based economy is crucial for Atmanirbhar Bharat. Infrastructure development offered great potential for natural gas in India. The rising demand for natural gas in power generation & transportation is expected to drive the Oil & Gas market in near future.
👉The Minister of State for Petroleum and Natural Gas (MoPNG), announced that the govt. had set a target to raise the share of natural gas in the energy mix to 15% by 2030. Currently in India, the natural gas share in the primary energy mix has increased from 6.3% to 6.7%.
COMPANY FUTURE OUTLOOK 👇
👉Company is intending to expand into new verticals for Tankage Projects & expecting a order from IOCL.
👉Company is exploring opportunities in Middle East, Africa & other countries where there is huge demand of Pipeline Infrastructure companies.
👉Company is intending to expand into new verticals for Tankage Projects & expecting a order from IOCL.
👉Company is exploring opportunities in Middle East, Africa & other countries where there is huge demand of Pipeline Infrastructure companies.
CHALLENGES 👇
👉Indian oil & gas industry is faces Enterprise shake-up & Internal Resources.
👉Demand for oil & gas is relatively Price-inelastic & much more responsive to shifts in trends.
👉Any future COVID lock-down extensions would affect.
Thanks☺️
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👉Indian oil & gas industry is faces Enterprise shake-up & Internal Resources.
👉Demand for oil & gas is relatively Price-inelastic & much more responsive to shifts in trends.
👉Any future COVID lock-down extensions would affect.
Thanks☺️
--END--
#Likhitha received its first order of Year 2023 amounting to Rs. 120 Cr approx. from various Oil & Gas distribution Co.
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