Prefer Petronet LNG for long term: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "I am excited about the announcement that the Finance Minister has made on the Budget and with that perspective we have coverage on Petronet LNG. A cut from 5 percent to 2.5 percent is going to augur well and they have also invested in their Dahej facility with a great capex plan and their Southern facility where there were some issues. Bottlenecking has now transformed into debottlenecking with strategy in place.""So rather than going for anything else with respect to this sector, I would say Petronet LNG is a much better choice from a long-term point of view," he added.