May 23: Unlike in similar auctions in the past, gas prices quoted have remained within a tight set of numbers reflecting groud reality.
8Clearly the internal cost dynamics of the bidders came into play here.
8The bid price of power companies – on account of acute competitiion from a merit based system dominated by coal based power providers -- was significantly lower than that of petrochemical players.
8GAIL too put in a bid but was outbidded by others.
8The website also carries here the contact numbers of bidders who gas suppliers can get in touch with.
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