Gujarat State Petronet Ltd, the Natural gas transmission company is slated to buy 28.4% stake in Gujarat Gas from Gujarat State Petroleum Corporation.
Speaking to CNBC-TV18 T Natarajan, Joint Managing Director of GSPL, said that margins are linked to the tariffs. “We do expect a reasonable increase in margins when the tariff is implemented.â€
Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (E&P) sector.
Confirming the market buzz of bagging an order from MTPC, Ashok Punj, MD of PSL says the gas pipe industry may get a fillip in the near future with contracts coming from GSPL. Talking about the inflows, he says, "In the first quarter of the year 2011-12, we have added orders to the total of about Rs 1000 crore."