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GAIL continues to supply natural gas to Haryana City Gas Distriution

By Religare
|

With reference to the reports in media that GAIL (India) Ltd. has stopped supply of natural gas to Haryana City Gas Distribution Ltd. (HCGDL), the state-run gas major has submitted its clarification in a filing to the Bombay Stock Exchange.

In the clarification, GAIL (India) has said that it has not stopped supply of natural gas to HCGDL, and is even currently supplying 0.025 mmscmd of natural gas to Haryana-based firm.

 

Moreover, HCGDL was also being supplied 0.25 mmscmd of natural gas by Indraprastha Gas Ltd. (IGL) under Administered Pricing Mechanism (APM) via GAIL's pipeline network.

However, on May 17, 2013, IGL informed GAIL that it will not procure any natural gas under APM for HCGDL as it has stopped making payments against the gas supplied to it, the filing stated.

Accordingly, the APM gas supply to HCGDL has been stopped from May 20, 2013. Nevertheless, GAIL continues to supply 0.025 mmscmd of gas to HCGDL, for which it has a separate contract, the filing added.

Read more about: gail india
Story first published: Friday, May 24, 2013, 13:31 [IST]
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