labels: oil & gas, economy - general, gas authority of india limited
GAIL''s share of subsidy down by 44 per centnews
31 December 2005

GAIL India Ltd''s share of the subsidy for the third quarter of the current fiscal is Rs206 crore — 44 per cent lower than its share of Rs369 crore during the corresponding period of the previous financial year.

The cumulative subsidy share for GAIL for the nine months of the current financial year is Rs526 crore against Rs864 crore during the corresponding period of the last financial year.

This follows the government''s notification of the sharing of under-recoveries on sensitive petroleum products, by upstream and downstream companies.


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GAIL''s share of subsidy down by 44 per cent