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Input-output gap in gas price a worry; buy ONGC: IIFL

Prayesh Jain of IIFL believes upstream companies that are now allowed to sell gas at USD 8.4/mmbtu may not be able to transfer the burden on to power and fertiliser firms. A decision on price at which gas will be supplied to power and fertiliser firms is yet to be notified.

first published: Jun 28, 2013 03:18 pm

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