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Healthcare Sector in India Set to Record 11% Rise in Revenue and EBITDA in Q1 FY26
Equities, Market News - June 21, 2025

B.R. Goyal Infra Shares Rise 7% After New Sewer Project Win

B.R. Goyal Infra Shares Rise 7% After New Sewer Project Win

New ₹64 Cr Sewer Project Boosts Order Book to ₹1,313 Cr, Fuels Investor Confidence in B.R. Goyal Infrastructure

Shares of B.R. Goyal Infrastructure Limited jumped by 7% following the company’s announcement that it had secured a ₹64 crore contract related to sewerage infrastructure development. Compared to its order book in September 2024, this marks a growth of approximately 56%, indicating strong project momentum and long-term revenue visibility.

The recently awarded contract falls under the urban sanitation category, an area the company is actively expanding into. This deal adds to B.R. Goyal Infra’s growing project portfolio, which now features *four new road development works, one major building construction project, eight toll operation contracts, and over ₹100 crore worth of wastewater management assignments. This diversification signals the firm’s commitment to expanding beyond traditional infrastructure into civic utilities and urban infrastructure.

In its latest financial report, the company showed a notable performance surge. Revenue grew by 39.5% on a quarter-on-quarter basis in the second half of FY25, and profits in the first half of the year nearly tripled compared to the previous reporting period. The company’s EBITDA margin improved to over 8%, while profit after tax (PAT) margin reached 4.96%, highlighting efficient operations and cost control.

B.R. Goyal Infrastructure continues to maintain a *low-debt business model, which has been a key strength in managing project risk. Additionally, it operates its own ready-mix concrete (RMC) facility in Indore and owns a fleet of more than *210 construction machines, giving it strong execution capability. With more than 900 employees and a presence across multiple Indian states, the company is well-positioned to execute and deliver on its growing number of contracts.

Analysts view this latest ₹64 crore contract as another step in the company’s ongoing shift into urban utility and sanitation infrastructure, complementing its strong presence in road construction and toll management. The news of this order appears to have boosted investor confidence, as reflected in the stock’s sharp rise on the trading day following the announcement.

Looking ahead, the company’s pipeline of diverse infrastructure projects, particularly in sanitation and wastewater, may serve as major growth drivers. With healthy profit margins, a lean balance sheet, and an expanding portfolio, B.R. Goyal Infrastructure is expected to benefit from India’s infrastructure push in the coming years.

Summary

The company continues to diversify into new areas like urban sanitation while maintaining strong financial performance, low debt, and operational efficiency—making it a growing force in the infrastructure space.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bharti Airtel Stock Hits Fresh 52-Week High on Strong Market Momentum

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BEML Surges by 7.86% on Likely Upgrade to Navratna Status
Market News - June 21, 2025

Premier Explosives Ltd: Riding High with Rs 750 Crore Order Book and Explosive Stock Gains

Premier Explosives Ltd: Riding High with Rs 750 Crore Order Book and Explosive Stock Gains

Defence-focused manufacturer secures fresh international orders as its stock delivers a staggering 885% return in three years.

Summary

Premier Explosives Ltd, a prominent Indian defence explosives producer, has strengthened its market position with a solid order book of ₹750 crore and a fresh international deal worth ₹6.62 crore. The company’s stock has soared nearly 885% over the past three years, reflecting strong investor confidence, sustained growth, and a pipeline of lucrative defence and industrial projects.

Introduction
India’s defence sector is witnessing a transformation, and Premier Explosives Ltd stands out as one of its most dynamic players. With a heritage in manufacturing high-quality explosives and propellants for defence and space, the company has not only secured a massive order book but also consistently delivered exceptional shareholder returns. The recent international deal and Premier Explosives’ stellar stock performance underscore the growing appetite for indigenous defence solutions and the company’s strategic readiness to capitalize on this trend.

Order Book Strength: Rs 750 Crore and Growing
Premier Explosives’ order book has swelled to approximately Rs 750 crore, a testament to its strong execution and trusted relationships with key defence and space agencies. This robust pipeline includes contracts for supplying explosives, propellants, and operation and maintenance services at critical facilities such as ISRO’s Sriharikota Centre and DRDO’s Solid Fuel Complex.
The company’s ability to consistently win both domestic and international orders highlights its technical prowess and reliability. Recent months have seen a string of new contracts, including a significant Rs 6.62 crore international order, which further diversifies its revenue base and strengthens its global footprint.

International Expansion: New Rs 6.62 Crore Order
The recent international deal worth ₹6.62 crore represents another significant step in Premier Explosives’ efforts to expand its footprint globally. This order, to be fulfilled over the next 12 months, demonstrates the company’s competitiveness in the global defence market and its capacity to meet stringent quality and delivery standards.
International deals such as this not only boost revenues but also enhance the company’s reputation, paving the way for future opportunities in export markets. As global geopolitical dynamics drive up defence spending, Premier Explosives is well-positioned to capture a share of the growing demand for specialized explosives and related products.

Explosive Stock Performance: Up 885% in Three Years
Premier Explosives’ share price trajectory has been nothing short of spectacular. Over the past three years, the stock has delivered a return of nearly 885%, far outpacing both its industry peers and broader market indices. The rally has been driven by a combination of strong order inflows, consistent financial growth, and a positive outlook for the defence sector.
The stock’s recent momentum has been particularly notable, with gains of nearly 85% in just the last three months. This surge has been fueled by news of new orders, a swelling order book, and robust quarterly results, despite occasional short-term volatility linked to operational updates or factory closures.

Financial Highlights and Operational Trends
Premier Explosives has demonstrated solid financial growth, with annual revenues rising sharply and profit margins improving. For the year ended March 2025, net sales stood at Rs 74.08 crore, and the company has maintained a healthy operating profit margin. Its compounded annual sales and profit growth rates over the past three years have been impressive, reflecting operational efficiency and effective cost management.
The company has also made strides in reducing debtor days, streamlining working capital, and lowering debt levels, all of which contribute to a stronger balance sheet. While the return on equity and cost of borrowing remain areas for ongoing improvement, the overall financial trajectory is positive.

Sector Outlook and Growth Drivers
India’s push for self-reliance in defence manufacturing, rising defence budgets, and the increasing role of private sector players are all tailwinds for Premier Explosives. The company’s expertise in high-energy materials, coupled with its proven track record in executing complex projects for ISRO and DRDO, positions it as a preferred partner in both public and private sector initiatives.
Global demand for defence products is also on the rise, offering further avenues for export growth. Premier Explosives’ expanding international order book is evidence of its ability to compete on quality and reliability in a highly regulated sector.

Conclusion
Premier Explosives Ltd has emerged as a star performer in India’s defence manufacturing landscape. With a robust Rs 750 crore order book, a new Rs 6.62 crore international contract, and a stock that has multiplied nearly ninefold in three years, the company is on a strong growth trajectory. Its ability to secure and deliver on large, complex contracts—both in India and overseas—bodes well for future expansion. As the defence sector continues to evolve, Premier Explosives is poised to remain at the forefront, delivering value to customers and investors alike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Bullish Weather Outlook Meets Cautious Market in Natural Gas: Summer 2025 Update

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BEML Surges by 7.86% on Likely Upgrade to Navratna Status
Market News - June 7, 2025

Shakti Pumps: Riding High on a Robust Order Book and Surging Investor Confidence

Shakti Pumps: Riding High on a Robust Order Book and Surging Investor Confidence

Why a High-Growth Solar Pumps Stock is Drawing Strong Market Interest in 2025

Introduction
Shakti Pumps (India) Limited, a leading manufacturer of energy-efficient and solar-powered pumps, has once again made headlines with its formidable order book and impressive stock market performance. As of March 31, 2025, the company boasts an unexecuted order book of ₹1,655 crore, a figure that has sent its share price soaring by over 5% in recent sessions, accompanied by heavy trading volumes.

The Order Book Story
The foundation of Shakti Pumps’ ongoing growth story is its strong order book.
With ₹1,655 crore worth of orders yet to be executed as of March 31, 2025, the company is well-positioned for sustained revenue growth over the coming quarters. The majority of these orders come from major Indian states such as Maharashtra, Haryana, and Rajasthan, reflecting strong government support for solar irrigation initiatives.
Management has indicated that an additional ₹1,000 crore in new orders is expected from other states, further bolstering the firm’s growth outlook. This steady inflow of contracts is a testament to Shakti Pumps’ competitive edge and its ability to secure large-scale projects in a rapidly evolving sector.

Recent Order Wins and Market Expansion
Shakti Pumps has been consistently winning new contracts, both domestically and internationally. In recent months, the company secured significant orders under various state government schemes, including the PM-KUSUM program, which aims to promote solar-powered irrigation for farmers. For instance, a notable recent order was from Haryana Renewable Energy Development Agency (HAREDA), valued at over ₹122 crore for the supply of more than 3,500 solar pumps.
The company has also been active in Maharashtra, where it received an empanelment for supplying 25,000 pumps, and in Uttar Pradesh, where it was awarded a substantial contract for over 12,000 solar pumps. These wins have not only expanded Shakti Pumps’ footprint but also cemented its reputation as a reliable partner for state-led renewable energy initiatives.

Financial Performance and Market Capitalization
The company reported an 83% year-on-year growth in revenue for FY25, with profitability and margins improving due to operational efficiencies and increased execution of orders. Its market capitalization has crossed ₹11,000 crore, reflecting strong investor confidence and the stock’s multibagger status over the past few years.
The company’s management has set a minimum revenue target of ₹3,000 crore for FY26, driven by the current order book and anticipated new contracts. This ambitious goal is underpinned by the expectation of continued order inflows from both existing and new states, as well as a healthy export pipeline.

Operational Excellence and Strategic Focus
Shakti Pumps’ success is not limited to order book size; operational excellence is a key differentiator. The company manufactures a wide range of energy-efficient pumps and motors, with a strong focus on in-house production of critical components. This integrated approach enables Shakti Pumps to uphold quality standards, manage expenses effectively, and guarantee on-time delivery.
Management has emphasized a profit-driven approach, focusing on states and product lines that offer the highest margins. This strategy has enabled the company to maintain an impressive EBITDA margin of around 24%, a figure that stands out in the competitive pump manufacturing sector.

Market Potential and Future Prospects
The solar pumps industry in India is experiencing rapid growth, driven by government initiatives such as PM-KUSUM, state-specific schemes like Maharashtra’s Magel Tyala Saur Krushi Pump Scheme, and Madhya Pradesh’s Pradhan Mantri Krishak Mitra Surya Yojana. These programs aim to provide farmers with affordable and sustainable irrigation solutions, reducing dependence on grid electricity and diesel pumps.
Shakti Pumps is well-positioned to capitalize on this momentum. The company is actively participating in tender processes across several states, including Madhya Pradesh and Punjab, and expects to secure significant new orders in the coming months. The management has highlighted the vast untapped potential in the solar pumps segment, with millions of pumps yet to be deployed across the country.

Investor Sentiment and Stock Performance
Investor sentiment towards Shakti Pumps has been overwhelmingly positive. The stock has delivered multibagger returns over the past two to five years, with recent sessions seeing a sharp uptick in price and trading volumes. The company’s strong order book, robust financial performance, and clear growth trajectory have made it a favorite among both retail and institutional investors.
The recent increase in the price band from 5% to 20% further highlights the market’s strong confidence in Shakti Pumps’ future potential.
This regulatory adjustment allows for greater price movement, reflecting the stock’s high liquidity and investor interest.

Challenges and Opportunities
While Shakti Pumps is riding a wave of success, it is not without challenges. Execution delays, regulatory changes, and competition from other manufacturers are potential headwinds. However, the company’s management has demonstrated a proactive approach, focusing on operational efficiencies and strategic bidding to mitigate these risks.
The ongoing expansion of government schemes and the increasing focus on renewable energy present significant opportunities for Shakti Pumps. The company’s ability to innovate, maintain quality, and deliver on large contracts positions it as a leader in the Indian solar pumps industry.

Conclusion
Shakti Pumps (India) Limited stands at the forefront of India’s renewable energy revolution, driven by a robust order book, strong financial performance, and a clear strategic vision. The company’s recent stock surge and heavy trading volumes reflect the market’s confidence in its growth trajectory. With ambitious revenue targets, a focus on operational excellence, and a pipeline of new contracts, Shakti Pumps is well-positioned to capitalize on the expanding solar pumps market in India.

 

 

 

 

 

 

 

 

 

 

 

 

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NSDL Unlisted Shares Skyrocket 50% as Investors Eye Upcoming IPO

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Waaree Energies Surges Over 11% on FTSE Index Inclusion Buzz
Market News - June 7, 2025

HG Infra Engineering Ltd: Targets ₹11,000 Cr Order Book for FY26, Stock Undervalued

HG Infra Engineering Ltd: Targets ₹11,000 Cr Order Book for FY26, Stock Undervalued

How India’s infrastructure powerhouse is leveraging sectoral diversification and robust execution to fuel growth, even as its stock remains undervalued.

Introduction
HG Infra Engineering Ltd (HG Infra) has emerged as a key contender in the Indian infrastructure landscape, especially in roads, highways, railways, and solar projects. With a proven track record of consistent growth, the company is eyeing a substantial order inflow of ₹11,000 crore for FY26. Yet, the market seems to be discounting its prospects, with the stock price hovering around ₹1,076—down nearly 43% from its 52-week high. What’s driving this disconnect, and does it present an opportunity for investors?

Order Book Strength and Growth Ambitions
HG Infra’s management has articulated a clear strategy for growth. For FY26, the company is targeting ₹11,000 crore in new orders, with approximately 70% expected from roads and railways, and the remaining 30% from other sectors such as solar and metro projects. This ambitious target is backed by a robust bid pipeline, especially in National Highways Authority of India (NHAI) projects, where the company has already submitted bids worth ₹16,000 crore and is eyeing opportunities in an ₹80,000 crore pipeline.
The order book is well-diversified:
• Roads and highways: ₹11,452 crore (approx. 73%)
• Railways and metro: ₹2,498 crore (approx. 16%)
• Solar: ₹1,691 crore (approx. 11%)
This diversification reduces dependency on a single segment and positions the company to benefit from India’s multi-sector infrastructure push.

Financial Performance and Operational Highlights
HG Infra has delivered impressive financial results, underpinned by strong execution and operational efficiency:
• Q1 FY2025 revenue: ₹1,528 cr, up 13.1% y-o-y
• Q1 FY25 EBITDA: ₹312 crore (margin of 20.44%)
• Q1 FY25 PAT: ₹163 crore (margin of 10.6%)
The management has maintained guidance for 17–18% revenue growth and EBITDA margins of 15–16% for FY25 and FY26. The company’s five-year revenue CAGR stands at over 20%, with sustained operating margins and a healthy order book-to-bill ratio of nearly 3x.
On the balance sheet front, HG Infra remains disciplined. The company has infused ₹728 crore into Hybrid Annuity Model (HAM) projects, with a further ₹425 crore planned for FY25 and the balance in FY26–27. Solar project equity requirements are also being met through internal accruals and asset monetization.

Sectoral Diversification and Future Prospects
Traditionally focused on roads and highways, HG Infra has successfully expanded into railways, metro, and solar segments. These now constitute a quarter of its total order book, reducing sectoral concentration risk and opening new revenue streams.
The company is also exploring opportunities in water infrastructure and transmission projects, particularly under the Tariff-Based Competitive Bidding (TBCB) model, which leverages its EPC expertise. This sectoral expansion is expected to support a 15% CAGR in revenues over FY24–26.

Market Valuation: Discounted Opportunity?
The current market capitalization stands at ₹7,012 crore. Over the past five years, the stock has delivered a stellar 433% return, yet recent corrections have created an apparent value gap.
Analysts remain bullish, with target prices ranging from ₹1,720 to ₹1,885, reflecting confidence in the company’s growth trajectory and execution capabilities. The substantial promoter stake (exceeding 71%) and strong institutional participation further highlight investor trust.

Challenges and Risks
While the outlook is positive, investors should be mindful of potential risks:
• Policy changes or delays in government project awards
• Rising input costs impacting margins
• Competitive intensity in the EPC sector
The company’s focus on operational efficiency, prudent capital allocation, and sectoral diversification are key mitigants to these risks.

Conclusion
With a robust and diversified order book, ambitious growth targets, and disciplined execution, the company is well-positioned to capitalize on India’s infrastructure boom. The current market discount offers a compelling entry point for long-term investors seeking exposure to the sector. However, as with all investments, a close watch on execution and macroeconomic developments is warranted.

 

 

 

 

 

 

 

 

 

 

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Silver Surges to Historic Rs 1.07 Lakh/kg, Gold Nears Record Highs: What’s Driving India’s Bullion Boom?

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HFCL Shares Zoom 5% as Firm Secures 1,000 Acres for Defence Facilities
Equities - June 3, 2025

Genus Power Stock Surges 9% on Fourfold PAT Growth in Q4 FY2025

Genus Power Stock Surges 9% on Fourfold PAT Growth in Q4 FY2025

Record quarterly earnings, robust order book, and industry tailwinds propel Genus Power to a multi-month stock high

Shares Rally on Exceptional Q4 Numbers
On June 2, 2025, Genus Power shares jumped 9% in intraday trading, reaching levels last seen over five months ago. This surge followed the company’s announcement of its March quarter (Q4 FY25) results, which far exceeded market expectations. The robust financial performance and upbeat management commentary have reinforced investor confidence in the company’s outlook.

Q4 FY25: Financial Performance at a Glance
Revenue and Profit
• Genus Power reported consolidated revenue of ₹937 crore for Q4 FY25, a 123% increase over the same quarter last year.
• Profit after tax (PAT) soared to ₹129.3 crore, more than four times the previous year’s figure.
• EBITDA increased by 276%
Margins:
• The company’s EBITDA margin expanded to 22.3%, up by more than 900 basis points from last year, marking one of the highest quarterly margins in its history.
• The net profit margin also improved significantly, underscoring the company’s ability to convert top-line growth into bottom-line gains.

Drivers of Growth
1. Smart Metering Boom
The nationwide drive to modernize electricity distribution with smart meters has created a massive opportunity for Genus Power. The company’s expertise in advanced metering infrastructure and its proven execution capabilities have helped it win significant tenders under government schemes.
2. Operational Efficiency
Genus Power’s focus on operational excellence has paid off, as reflected in the sharp improvement in margins. The company has streamlined its manufacturing processes, optimized supply chains, and increased its share of value-added products, all contributing to higher profitability.
3. Expanding Market Reach
In addition to its strong domestic presence, Genus Power is exploring opportunities in overseas markets, aiming to replicate its success in other emerging economies that are upgrading their power infrastructure.

Stock Performance and Market Sentiment
The Q4 results triggered a wave of buying interest, with the stock hitting its highest level in nearly six months. The sharp rally comes after a period of consolidation, and analysts believe the strong financials and healthy order book could support further upside. The stock’s performance stands out in a market that has otherwise been marked by volatility and selective sectoral gains.

Management Commentary and Outlook
The company’s management expressed optimism about sustaining the growth momentum, citing the record order book and continued policy support for smart metering. They emphasized ongoing investments in technology and capacity expansion to meet the rising demand. With the government’s push for digitalization and energy efficiency, Genus Power expects to maintain its leadership position and deliver consistent value to shareholders.

Genus Power Q4 FY25 Highlights
In Q4 FY25, Genus Power reported a remarkable 123% year-on-year increase in revenue, reaching ₹937 crore compared to ₹420 crore in Q4 FY24. PAT surged by 310% to ₹129.3 cr, up from ₹31.5 crore in the same period last year. The company also achieved a significant improvement in EBITDA margin, rising by 900 basis points to 22.3% from 13.3%. Additionally, the order book expanded substantially, growing 141% to ₹30,110 crore from ₹12,500 crore.
Genus Power’s latest performance not only highlights its financial and operational excellence but also its pivotal role in India’s energy transition. Investors and industry watchers will be keenly following the company as it builds on this momentum in the quarters ahead.

Conclusion
Genus Power’s Q4 FY2025 results mark a significant leap forward in the company’s growth path.
The quadrupling of profits, sharp margin expansion, and a robust order book underscore its operational strength and strategic positioning in the smart metering revolution. As the company continues to capitalize on industry tailwinds and execute on its large pipeline, it remains a compelling story in India’s power infrastructure sector.

 

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Kody Technolab Soars 5% After Massive Profit Growth

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ITD Cementation Reports Significant Profit Growth in Q4 FY25
Result Updates - May 14, 2025

ITD Cementation Reports Significant Profit Growth in Q4 FY25

ITD Cementation Reports Significant Profit Growth in Q4 FY25

 

ITD Cementation India Ltd. has reported a notable 27% increase in net profit for the fourth quarter of FY25, highlighting the company’s ongoing operational efficiency and strong market presence. The growth in profit, coupled with an expansion in profit margins, underscores the company’s resilience and ability to adapt to fluctuating market conditions in the infrastructure sector.

Strong Financial Results Amid Challenges

For the quarter ending March 31, FY25, ITD Cementation posted a solid performance with a 27% surge in net profit. This growth is attributed to the company’s strategic approach in diversifying its project portfolio and controlling operational costs. Despite the pressures from rising input costs and uncertainties in the global market, ITD Cementation has continued to thrive by focusing on high-value, long-term contracts.

The infrastructure industry has faced significant challenges due to inflationary trends, supply chain disruptions, and fluctuating raw material prices. However, ITD Cementation’s prudent financial management and strategic execution have allowed it to navigate these challenges successfully. The company’s diversified project base across key infrastructure segments such as urban development, roads, marine, and transportation has been integral in driving consistent performance.

Operational Efficiency and Margin Expansion

A key highlight of ITD Cementation’s Q4 FY25 results is the expansion in operating margins. The company has worked diligently to improve its operational efficiency by leveraging advanced project management technologies and optimizing resource allocation. These efforts have contributed to lower project costs, thereby improving the company’s overall profitability.

The use of digital tools and automation has allowed ITD Cementation to streamline project execution, enhance coordination, and reduce project timelines. These improvements in operational efficiency have provided a competitive edge, enabling the company to maintain strong margins even in the face of rising material and labor costs.

Order Book Growth and Future Prospects

ITD Cementation’s growing order book is another positive indicator of its market standing and future growth prospects. The company has been able to secure several high-profile contracts, including those in critical sectors such as transportation infrastructure and urban development. This diverse mix of projects not only provides a steady revenue stream but also positions ITD Cementation for sustained growth in the coming quarters.

The company’s strong order book ensures that it will continue to generate consistent revenues in the long term, providing a solid foundation for future growth. With major infrastructure initiatives underway both domestically and internationally, ITD Cementation is well-equipped to take advantage of the growing demand for infrastructure development.

Sustainability and Technological Advancements

Alongside its financial success, ITD Cementation remains committed to sustainability and technological innovation. The company has incorporated eco-friendly practices into its project execution, which includes the use of green building materials and energy-efficient construction methods. This focus on sustainability not only aligns with environmental goals but also positions the company to meet the increasing demand for eco-conscious infrastructure projects.

In terms of technological innovation, ITD Cementation has invested in cutting-edge tools to enhance its project management capabilities. By adopting artificial intelligence (AI) and machine learning technologies, the company has been able to improve decision-making, optimize resource utilization, and reduce inefficiencies across its projects. These technological advancements ensure that ITD Cementation remains at the forefront of industry trends and continues to improve its operational performance.

Expanding Market Reach

As ITD Cementation looks ahead, the company is focused on expanding its footprint both within India and internationally. The growing demand for modern infrastructure in emerging markets presents a significant growth opportunity for the company. ITD Cementation’s expertise in handling complex, large-scale projects positions it as a key player in these markets, where infrastructure development is a priority.

Additionally, the company is actively pursuing opportunities in international markets, particularly in regions such as the Middle East and Southeast Asia, where there is a growing demand for infrastructure development. By leveraging its experience and expertise in executing high-value projects, ITD Cementation aims to increase its international presence and diversify its revenue streams.

Looking Ahead: Continued Growth and Success

Overall, ITD Cementation’s Q4 FY25 performance reflects a strong track record of growth, driven by operational excellence, strategic expansion, and a focus on sustainability. With its expanding order book, commitment to technological innovation, and plans for international growth, the company is poised for continued success in the coming fiscal year.

The 27% increase in net profit is just one example of how ITD Cementation has successfully navigated a challenging market landscape. The company’s emphasis on efficiency, sustainability, and growth ensures that it will remain a leader in the infrastructure sector in the years to come.

 

 

 

 

 

 

 

 

 

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GAIL Secures Five U.S. Bids for LNG Project

 

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