Chairman and Managing Director of Reliance Industries, Mukesh Ambani, on Friday said his firm will supply natural gas to Anil Ambani Group's power plants as and when they are ready to receive the gas. Addressing company shareholders, Mukesh Ambani said that the supplies to Anil Dhirubhai Ambani Group's (ADAG) power plants including the one proposed at Dadri near Delhi, will be subject to government approving the allocation of the fuel. The Supreme Court had last month asked the companies headed by the two brothers to rework a gas supply contract keeping the government policy on pricing and allocation in mind. Mukesh, however did not say when RIL will be entering into a new Gas Sales and Purchase Agreement (GSPA) with Anil's Reliance Natural Resources Ltd (RNRL) as had been ordered by the apex court. On 7th May, the court had turned down gas to Anil-led RNRL from RIL's KG-D6 basin at prices arrived at in a 2005 private family agreement.
News On AIR | June 18, 2010 1:18 PM
Reliance Industries agree to supply natural gas to Anil Ambani Group