Tag Archives: kg basin

ONGC to Profit by Rs.2,350 Cr after Gas Price Hike

With the new natural gas price hike that was announced on Saturday, state-run Oil and Natural Gas Corporation (ONGC) said the company will benefit by an increase in its profits annually amounting to Rs.2,000 crore. "Every $1 rise in gas price increases our revenues by Rs.4,000 crore and net profit by Rs.2,350 crore," ONGC chairman D.K. Sarraf told reporters here. ...

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GAIL Apathy to Repair Rusted Pipeline Costs 15 Lives; Rs.25 Lakhs Announced to Silence Survivors

Four days before the Thursday/Friday night blast of the GAIL pipeline, gas was leaking from the place and local have reported the incident. But the “Chalta Hai” attitude of the officials resulted in temporary cover up of leak, not fixing the major problem that was a rust-ridden pipe leaking gas. Now that the inevitable has happened, an eye-wash attempt is ...

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