Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas
NEW DELHI: Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance IndustriesNSE -0.03 %’ newer fields in the KG-D6 block at an indicative price of USD 5.04 – 5.16 per unit, industry sources said.
Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in the day long auction conducted on November 15.
Gujarat State Petroleum Corp (GSPC) picked up 1.2 mmscmd while Adani Group, Mahanagar Gas Ltd and GAIL bought 0.3 mmscmd each, sources said.
