According to TK Ananth Kumar, the company has taken up the issue that this kind of burden on upstream companies will not be sustainable with the government and also with Kirit Parikh, who is heading the oil committee.

Every $1 gas price hike to boost rev by Rs 400cr: Oil India

TK Ananth Kumar, director-finance, Oil India said, "Every one dollar hike will translate to over Rs 400 crore growth in topline.” He also said that the hike will lead to higher investment in exploration activities of the company."

Gas price hike will get thumbs up from market: Prayesh Jain

After the hike in gas prices, EPS estimates for Reliance, ONGC and Oil India will go up, but the main thing to be looked at is what kind of subsidy the government levies on these upstream companies, says Prayesh Jain, AVP- Research Analyst, IIFL.

Gas price hike to encourage exploration: Oil India

Commenting on the approved gas price hike by CCEA, Ananth Kumar, Oil India said,” The gas price hike is slightly more than we expected”. This move he says, will encourage the company to make more aggressive exploration."

See govt fixing gas price at $6.5-8.5/mmbtu: Feedback Infra

Vinayak Chatterjee, chairman, Feedback Infrastructure expects the government to hike the prices of gas in the range of USD 6.5-8.5/ mmbtu.

Will continue to be in oil biz; keen on bank foray: Dhoot

Videocon Group's Rajkumar Dhoot says, in an interview to CNBC-TV18 after Videocon's sale of stake to ONGC, that the group will continue to operate in the oil sector and is keen on a foray into the banking space.

Mozambique gas field production to commence in 2018: OVL

ONGC Videsh (OVL) and Oil India have inked a pact with Videocon Industries to buy its stake in a Mozambique gas field for USD 2.47 billion. OVL would be looking at a mix of two options to fund the deal - a part would come from ONGC's surplus cash balance and a part would come from external commercial borrowing (ECB).

Budgeting FY14 subsidy at $56/bbl: Oil India

Like industry players, Oil India expects government to approve a more predictable subsidy sharing mechanism for upstream firms.

Gas-price policy soon; 2 buys in advanced stages: Oil India

TK Ananth Kumar, CFO, Oil India says that there have been talks regarding the increase in gas prices for quite some time and the FM indicated that the gas-pricing policy would be finalised soon.

45 paise/L diesel hike to cut BPCL, ONGC losses

The government had said last month it would allow fuel retailers to raise the price of subsidised diesel by 0.40 rupees-0.50 rupees a litre every month and asked bulk buyers to pay market rates. Major oil marketing companies have taken the decision to hike fuel prices, which should be encouraging for the market.

See subsidy burden of Rs 8100 cr in Q4: Oil India

Higher subsidy burden has impacted net realisation, says T K Ananth Kumar, Director- Finance, Oil India Limited.

Not looking at fresh equity issue in near-term: Oil India

T K Ananth Kumar, Director - Finance, Oil India in an interview to CNBC-TV18, said overall the OFS saw a good participation from all segments. It was 2.6 times over subscribed, so it can be called an overall success, he added.

NTPC, Oil India issues likely in January: Divestment secy

Divestment secretary DK Mittal says NTPC issue is likely in second half of January or early February. He also expects Oil India issue in first half of January. "Oil India issue is likely before NTPC," he adds.

Gas pricing should be market driven, say experts

There is an urgent need for reforms in the gas sector believe experts who say that natural gas pricing in India should be market driven and not determined by the government.

OiI India to buy Shale Gas assets worth $200m

State-run Oil India Ltd (OIL) is looking to buy shale gas assets worth up to $200 million and is scouting for potential acquisitions globally, T.K Ananth Kumar, the company’s director(finance) told CNBC-TV18.

GAIL subsidy burden likely to be Rs 2500-2600cr

There was a bit of cloud on oil marketing companies yesterday on news that there could be rethinking on the one-third subsidy sharing formula that the government has been working with.

Experts see ad-hocism in oil subsidy sharing to continue

In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, RS Sharma, former chairman of ONGC and Kirit Parikh, member of Planning Commission, said that the government has never clarified on the subsidy sharing mechanism for upstream companies and higher upstream burden will not be received well by the market.