The more you look into it the more you see they still need that Cambay Gas in Gujarat, the situation is unbelievable with
"A 58 per cent reduction in gas supply has been in effect since September this year, affecting these 33 manufacturing units in the region"
""Several of them are involved in exports of glass and ceramic products to western markets. They were set up here at the invitation of the government to utilize low pressure gas from isolated fields," said a letter sent yesterday by Assocham Secretary General D S Rawat, seeking Prime Minister's intervention.
I think Sundeep was calling it right
"Sundeep Bhandari, the company’s vice chairman, has revealed that gas produced at the field could “definitely” be sold for a price in excess of US$6 per thousand cubic feet (mcf) of gas.
A price in the range of US$8 to US$10 is most likely, according to Bhandari"
DYOR
OEX Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held