Press Releases
(New Delhi, February 23, 2006.)                                         

Supply of MRP (Market-Related Price) gas by GAIL to IPCL – Update

New Delhi, February 23, 2006. IPCL is paying 22 cents / mmbtu more to the PMT JV than to GAIL for gas supply. This is over and above the Market Related Price (MRP) of $3.86 /mmbtu at the land fall point given in the Gas Pricing Order.