GAIL (INDIA) LTD.

GAIL (INDIA) LTD. - Updates

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05 Mar 2015
Gail (India) Ltd has informed BSE that Ministry of Petroleum & Natural Gas, Government of India vide letter dated March 03, 2015 has informed that under recovery burden on GAIL for the financial year 2014-15 is provisionally fixed at Rs. 1,000 crore. GAIL has been exempted from sharing of under recovery of Oil Marketing Companies (OMCs) for the 3rd and 4th quarter of FY 2014-15.<BR><BR>However, for the financial year 2015-16, the share of GAIL towards under recovery of OMCs would be reviewed again based on its sales realization, cost of production and under recovery of OMCs on quarterly basis.
View all announcements for GAIL (INDIA) LTD.	Source: BSE India

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