In an interview to CNBC-TV18’s Reema Tendulkar and Nigel D’Souza, Anurag Mundra, Joint MD at Ujaas Energy spoke from the sidelines of the Valorem Week Analyst Conference 2017 about the order received from Indraprastha Gas and also spoke about their order pipeline going forward.
In an interview with CNBC-TV18, ES Ranganathan said that the company has capex plans of Rs 250 crore for 2017 and an additional Rs 100 crore plan for its Rewadi project next year.
Outlining future plans, SM Ranade said that the company is working on a technology to combine gas and diesel for vehicles.
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.
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.
With the prices of petrol and diesel rising, Rajesh Vedvyas, Managing Director of Indraprastha Gas, in an exclusive interview with CNBC-TV18 says that the company is confident of passing through their cost hikes because of increase in spot prices.