GAIL came out with strong set of numbers in Q2FY18 where EBITDA is in line with our expectation while PAT is 8% ahead of our expectation due to higher other income. Gas transmission/trading/LHC segment surprised positively while Petchem profit was a drag due to higher gas cost. The company has entered into different contract to swap its over 60% of high cost US LNG, which is starting from Feb-2018. Also, GAIL witnessed strong demand from...