RIL - RNRL
A day after RNRL (Anil Ambani) petitioned the Supreme Court seeking modification in the Bombay High Court order, RIL(Mukesh Ambani) moved the apex court challenging the same judgement that asked it to supply 28 MMSCMD gas to RNRL at USD 2.34 per mmbtu. It alleged that the high court erred in deciding the three terms as to quantity, tenure and price of gas supply to power plants of RNRL affiliate.
The High Court on June 15 had asked RIL to honour a 2005 family agreement to supply 28 million cubic meters per day of gas from its Krishna-Godavari basin fields to RNRL at USD 2.34 per mmBtu for 17 years from the date of setting up of the Dadri power plant.
A day after RNRL (Anil Ambani) petitioned the Supreme Court seeking modification in the Bombay High Court order, RIL(Mukesh Ambani) moved the apex court challenging the same judgement that asked it to supply 28 MMSCMD gas to RNRL at USD 2.34 per mmbtu. It alleged that the high court erred in deciding the three terms as to quantity, tenure and price of gas supply to power plants of RNRL affiliate.
The High Court on June 15 had asked RIL to honour a 2005 family agreement to supply 28 million cubic meters per day of gas from its Krishna-Godavari basin fields to RNRL at USD 2.34 per mmBtu for 17 years from the date of setting up of the Dadri power plant. 
7 comments:
Hi Pankaj
This is a modern Maha Bharats. Two brothers are fighting like Pandava and Kaurava. Their mother is still alive but they don't bother about her that how she would have feel about this street fight of her sons.
Anyway RIL and RNRL both we have in our portfolio and have to suffer due to these to buggers.
khalid
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the news of RIL by epicresearch.co is, The RINL sets Rs 18,000 crore turnover target for FY'16.
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