The NTPC, in litigation with Reliance Industries Limited in the Bombay High Court, wants to become a party in the case of gas dispute between RIL and Reliance Natural Resources Limited being heard by the Supreme Court, it is learnt. For full story, click here
The Bombay High Court has ruled in favour of Reliance Natural Resource Limited in its 3-year-old conflict against Reliance Industries to supply 28 MMSCMD of gas to RNRL for 17 years at a price of $2.34 mmbtu as referred in the original MoU signed during the Reliance de-merger in 2005. For full story, click here
Reliance Natural Resources Ltd has declared that it has moved Supreme Court against a 15 June Bombay high court order on its three-year-old lawsuit against Reliance Industries Ltd over the price of natural gas. For full story, click here
Reliance Industries India’s most valuable company, had its stock rating cut at Kotak Securities Ltd., which cited the unfavorable gas price ruling the company faced from the Bombay High Court. For full story, click here
The Bombay High Court has asked Reliance to sell gas at a sharply reduced price to an Anil Ambani group firm, Decade’s hottest biz feuds Tycoons with a golden heart may-challenge-decision Mukesh’s street on plushest list causing some uncertainty in India’s nascent natural gas industry, and delivering a sharp blow to the valuations of RIL, [...]
Mukesh Ambani-led Reliance Industries (RIL) cannot sell to anybody at a price less than $4.20 per British Thermal Units without its approving the pricing formula, the government informed the Bombay HC. For full story, click here For RIL’s website, click here
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