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Saturday, Aug 23, 2003

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With reference to the news item "GGCL-GSPL pipeline deal hangs fire'' that appeared in these columns on August 22, the statement attributed to a senior GGCL official should read, "We are willing to consider a 20-odd per cent cut - from 33 paise per scm as on date to 27 paise. But there is no way that we can bring it down to around 8 paise, even if it means an extended contract for 20 years'', and not as published. The error is regretted.

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