PNGRB order won't affect GSPL, don't see long term risk: HDFC Securities

VK Sharma, Head of Business Private Broking & Wealth Management, HDFC Securities told NDTV Profit the Petroleum and Natural Gas Regulatory Board's (PNGRB) order for IGL to cut tariffs of both CNG, PNG by as much as 60 per cent on a retrospective basis from April 2008 is not good for the industry. However, he said that the order won't affect Gujarat State Petronet Limited (GSPL) much. "We see no long term risk in GSPL," he added.