Business Daily from THE HINDU group of publications
Thursday, Jul 09, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, Jul 09, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
Events Web Extras - Corporate Disputes
Our Bureau New Delhi, July 8 Mr Anil Ambani met the Fertiliser and Petroleum Secretaries on Wednesday. The meeting gathers significance in the back drop of the ongoing dispute between Mr Anil Ambani’s Reliance Natural Resources Ltd (RNRL) with the elder brother Mr Mukesh Ambani’s Reliance Industries Ltd (RIL) on gas supply. The Fertiliser Secretary, Mr Atul Chaturvedi, has already raised concerns with his counterpart in the Petroleum Ministry, Mr R.S. Pandey, over allocation of gas to fertiliser companies from RIL’s D6 fields.
Currently, urea units have been allocated 14.97 mscmd of gas $4.2 per mBtu (landfall point) from the initial output of 40 mscmd from the fields. On the other hand, RNRL is seeking 28 mscmd (twice the fertiliser sector’s total allocation) at $2.34 per mscmd based on a family agreement between the two brothers at the time of division of businesses. The Fertiliser Secretary in his letter to the petroleum Secretary had said, “Our understanding is that any family settlement would not over ride the sovereign right of Government to formulate policies aimed at larger public interest.” Mr Ambani did not take any media questions after his meetings. More Stories on : Events | Corporate Disputes | Reliance Industries Ltd
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|