Natural gas transmission company Gujarat State Petronet (GSPL) reported above estimate EBITDA/PAT of Rs.334 crore/Rs.314 crore in the second quarter. The performance was supported by a strong blended transmission tariff, lower tax rate and higher other income.

However, gas transmission volume declined by 35% y-o-y due to lower demand from power, CGD, refinery and petrochem sectors amid higher spot LNG prices. Government emphasis on cleaner