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FY12 subsidy to be 5-10% higher than in FY11, expects GAIL

BC Tripathi, chairman and managing director of Gail expects to maintain transmission volumes at 120 mmscmd. However, Tripathi feels that the FY12 subsidy will be 5-10% higher than in FY11. The upstream subsidy is expected to be at 33% in FY12, he added.
Industry's total under-recovery in FY11 is Rs 78000cr: IOC

In an interview with CNBC-TV18, PK Goyal, Director-Finance, IOC said that if the subsidy share on upstream companies is increased then it would be a positive news for the downstream companies.

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Upstream Subsidy

FY12 subsidy to be 5-10% higher than in FY11, expects GAIL

Industry's total under-recovery in FY11 is Rs 78000cr: IOC