Comments
Cairn India could soon get a 20 per cent hike in the price of natural as produced from its eastern offshore field of Ravva on a retrospective basis from June 2010.
Sources in the company said that the Centre is set to raise the price of gas from the Ravva Contract Area 1 to $4.2 per million British thermal unit (mBtu) as against $3.5 per mBtu it gets currently.
Ravva is divided into Contract Area 1 and Ravva Satellite. It already gets $4.3 per mBtu from the Ravva Satellite field but gets $3.5 per mBtu from Ravva Contract Area 1.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.