(a) whether huge arrears are due to ONGC from IFFCO and Gujarat State Fertilizers ;
(b) if so, the details of unpaid dues; and
(c) the measures being taken by the ONGC to recover those dues ?
(a) whether huge arrears are due to ONGC from IFFCO and Gujarat State Fertilizers ;
(b) if so, the details of unpaid dues; and
(c) the measures being taken by the ONGC to recover those dues ?
MINISTER OF STATE IN THE MINISTRY OF PETROLUEM & NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI SANTOSH KUMAR GANGWAR )
(a) to (c): According to Oil & Natural Gas Corporation Limited (ONGC), they have outstanding dues from Indian Farmers Fertilizers Cooperative Limited (IFFCO) and Gujarat State Fertilizer Corporation Limited (GSFC). These dues are primarily on account of the difference in gas pricing between ONGC`s claim on thermal equivalence pricing during the period from April, 1982 to January, 1987 and prices paid by these Public Sector Undertakings (PSUs). The outstanding dues, excluding interest, are as follows:
(i) IFFCO - Rs. 218 crores
(ii) GSFC - Rs. 118 crores