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Our Bureau

New Delhi , March 18

GAIL (India) Ltd has restored gas supply to Samtel Color Ltd (SCL), a maker of integrated picture tubes and part of the Rs 1,250-crore Samtel group.

According to a company communiqué, it had shifted to other fuels when GAIL had discontinued the supply of CNG in July 2002 in the wake of the CNG fuel crisis in Delhi. With the resumption of CNG supply, Samtel has reverted to using natural gas fuel in all operations at its plant in Ghaziabad. The company expects to save Rs 30 crore annually in the process.

Samtel Color had earlier issued a profit guidance of profit before depreciation and tax from operations of approximately Rs 31 crore for the last quarter of the current fiscal.

This guidance did not include savings in energy costs estimated at Rs 2.5 crore per month that would accrue to it from now on.

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