Epic Update : GAIL India

GAIL India expects a hit of 13 billion rupees ($218 million) annually on pre-tax profits on account of higher costs in its liquefied petroleum gas (LPG) and petrochemicals businesses. The government approved a gas price hike for the first time in three years. Indicative pricing suggests domestic gas could rise to around $8.4 per mmBtu from April 1, 2014, compared $4.2 per mmBtu currently.
 
Top