In an interview to CNBC-TV18, KC Jatania, ED and CFO of GNFC said, in the second quarter, sales growth will be better than the first quarter. “In the first quarter, we had a one month shutdown. It was a planned shutdown. In the second quarter that is not there. So, compared to the first quarter performance is better.”
There are rumours going around that RIL may renegotiate its gas prices or completely decontrol it. However, according to KC Jatania, Executive Director and Chief Financial Officer of GNFC, this decision is taken by the Government of India, not RIL.