Gas Authority of India Limited (GAIL) feels that though the government's decision for no duty on imported gas for power generation, it should be implemented for all purposes, he told CNBC-TV18.
Post the gas price hike, GAIL will invest significant capex in exploration activities as the price revision will boost its earnings.
R K Garg, director finance of Petronet, says that as far as Petronet is concerned, our Kochi terminal is likely to be fully completed by March 2013. It would be connected to the phase I pipeline which is being completed by GAIL.
RK Singh, chairman and managing director of BPCL pointed out that post diesel price hike, under recoveries of public sector oil companies will now reduce by Rs 20,000 crore.
PK Goyal, director - finance, IOC, says that the under recovery on diesel effectively will only be reduced by Rs 3.50 a litre.
In a big boost to gas utility companies, the Delhi High Court ruled in IGL favour yesterday saying PNGRB did not have the authority to fix tariffs. However, this will hardly have an impact on gas transporters like GSPL and GAIL. BC Tripathi, the CMD of GAIL says transmission companies will continue to fall under the ambit of PNGRB.