The resumption of supplies from Sefe is crucial for GAIL, which reported an almost 93% slump in its December quarter profit due to lower gas sales triggered by supply disruptions.
GAIL, Oil India have to pay Rs 2.2 lakh crore thanks to SC order last year that expanded AGR definition to include non-telecom revenues. Deadline for payment expires tonight.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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