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Indus Gas ( (GB:INDI) ) has shared an announcement.
Indus Gas Limited reported a significant decrease in revenues and profits for the six-month period ending 30 September 2024, compared to the same period in 2023. The company’s operations have been impacted by reduced gas off-take due to ongoing maintenance at the ultimate customer’s power plant, and Indus Gas is considering seeking additional external or shareholder funding. The gas sale price varied between $8.90 and $7.85 per MMBTU during the period. The company continues to engage with GAIL to increase gas off-take levels.
More about Indus Gas
Indus Gas Limited, listed on AIM under the ticker INDI, operates in the oil and gas exploration and development sector. The company focuses on the production and sale of gas primarily from the SGL, SSF, and SSG fields, with its main customer being GAIL.
YTD Price Performance: -88.53%
Average Trading Volume: 102,226
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £15.74M
See more data about INDI stock on TipRanks’ Stock Analysis page.
