The state government has mandated a minimum of 30 percent of net profit, or 5 percent of net worth, whichever is higher, to be a minimum level of dividend declared for shareholders.
In an interview to CNBC-TV18, T Natarajan, Joint MD of Gujarat State Petronet (GSPL) spoke about their volume trajectory as well as the tariff picture.
IIFL has come out with its positive report on India Natural Gas sector and has recommended buy rating for GAIL, GSPL, Indraprastha Gas and Petronet LNG in its June 14, 2011 research report.