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Now Reliance Industries speaks on gas dispute

Category :India Sub Category :National,Business
2009-08-07 00:00:00
   Views : 340

In June, the Bombay High Court had directed Reliance Industries to supply 28 million units of gas from the Krishna-Godavari basin to Anil Ambani's Reliance Natural Resources for 17 years at $2.34 per unit after assigning 12 million units to a state-run power utility NTPC.

But Reliance Industries challenged the verdict in the Supreme Court, which heard the case July 20 and fixed Sep 1 as the next date of hearing. It also asked all parties to file their replies on the government position on the matter by then.

Since then, the matter has figured on several occasions in parliament, even as the Anil Ambani group made its stand on the issue public, besides seeking to bring out the facts and figures on the matter.




Author :Indo Asian News Service



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