Gas transmission volumes flat; trading outlook encouraging Gas transmission segment volumes were flat YoY at 109.8 mmscmd in line with estimate. Transmission volumes are expected to improve driven by industrial/commercial demand post commissioning of pipelines. In the short term, volumes in the current quarter (Q1FY22E-TD) fell 10-15% in April, May and recovered in June. Hence, we revise estimate and expect volume at 112.7 mmscmd, 123.5 mmscmd in FY22E, FY23E, respectively, mainly due to additional domestic gas from newer fields. Gas transmission EBIT at...