In an interview with CNBC-TV18, RS Pandey, Former Oil Secretary said that the high court ruling has offered a significant relief for not only IGL, but also other city gas distribution (CGD) companies. According to him, the judgement has brought about a positive atmosphere.
Indraprastha Gas has not yet decided on pricing petroleum products it sells even after the Petroleum and Natural Gas Regulatory Board directed Indraprastha Gas Ltd asked the company to cut tariffs.
In an interview to CNBC-TV18, M Ravindran, managing director of IGL says, Q4 will be the best quarter of FY12. "This is going to be a good quarter where sales are touching around 3.6-3.8 mmscmd," he adds.
Indraprastha Gas Ltd (IGL) has hiked the price of compressed natural gas. In an interview to CNBC-TV18, M Ravindran, managing director of IGL says, the company has passed on the entire additional cost because of the rupee devaluation and issue of gas price increase.
Indraprastha Gas is confident of being able to maintain 25% Compound Annual Growth Rate (CAGR) in volumes over FY10- FY13, said Rajesh Vedvyas, managing director of the company to CNBC-TV18.