The company would bring almost 50% (~2.25mmt) of US contracted LNG to India in FY19 while 0.7mmt from Gazprom, Russia. We roll over our TP to FY20 gives a new TP of Rs514. We downgrade the stock to ACCUMULATE from BUY. Key Highlights and Investment Rationale Strong volume growth across segment was offset by lower margins Gas transmission/trading/Petchem/LHC volume increased 6.3%/5.9%/23.7%/10.8% to 109mmscmd/88mmscmd/188KT/328KT respectively. However, lower margin from transmission and petchem businesses dent EBITDA growth. Further, 50% YoY rise in...