Solicitor General recommended that NTPC be given gas at a concessional rate under a provision of the production sharing contract.
RIL can sell gas below market rate to government or government nominee so NTPC can get gas at $ 2.34 which was price quoted in 2004 tender.
NTPC is already working on the gujrat plants hoping to get the gas. Gas will be allotted to the plants which are expected to complete this year.
If NTPC gets price at lower rate this will improve profitability and secure gas for the plant in long term.
Might be good new for NTPC which is trading in a narrow range of 190-200 for past few months without any news trigger
Sunday, August 22, 2010
NTPC to gain if RIL-NTPC dispute heads for truce
Subscribe to:
Post Comments (Atom)
1 comments:
A nice well done post very excellent.
Post a Comment