Oil & Gas India - Who'll Benefit from the Budget 2009 - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Here’s a concise list of budget 2009 points related to the oil and gas industry.

The article has provided summary points on three areas:
1. Budget measures
2. Budget impact, and
3. Company impact

Here are some of the highlights from the article:

Top management consulting experts for Bio-energy, EV, Solar, Green Hydrogen

Budget measures

# Tax holiday under section 80-IB (9) of the Income Tax Act on the profits from the production or refining of mineral oil, has been extended to natural gas.
#Tax incentives will be provided on capital expenditure on the laying and operating of cross country natural gas, crude or oil pipeline networks for distribution on common carrier principle.
Excise duty on naphtha reduced to 14%.
#Diesel blended with up to 20% bio-diesel fully exempted from excise duty.

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Budget impact
# Upstream and midstream segments will benefit from tax incentives, and from the announcement of the national gas grid.
# The downstream segment does not have so much to be happy about, but there will be more visibility on excise duty on diesel and petrol

Company impact
# Specific companies that stand to benefit are ONGC, RIL, GAIL, IGL and Gujarat Gas

About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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