Thursday 9 February 2012
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Anil invites Mukesh for talks on gas supply

New Delhi, Press Trust of India:

Sources said RNRL has written a letter to Mukesh Ambani- run RIL seeking time and date for talks on the agreement.


Within days of Bombay High Court asking Mukesh Ambani-run Reliance Industries to supply gas to RNRL, Anil Ambani group firm has asked the other side for talks to suggest a way forward to firm up an agreement.

But RIL is yet to agree for a discussion on the grounds that it is studying the implication of the judgement. The Bombay High Court had on June 15 given the two companies a month’s time to work out a firm gas volumes, price, timelines and other commercial details for sourcing the fuel from Krishna Godavari basin fields.

Sources said RNRL has written a letter to Mukesh Ambani- run RIL seeking time and date for talks on the agreement.

The Bombay High Court had ruled that RIL should honour its commitment in the family split agreement to supply gas to RNRL. The terms, as per the MoU which split the Dhirubhai Ambani empire in 2005, were to be based on RIL’s bid for NTPC tender.

Spokespersons of both companies declined comments but sources said RIL was studying the implications of the judgement before committing to a meeting with RNRL.

RNRL has already filed caveat in the Supreme Court to prevent any ex-parte order in case Mukesh Ambani’s RIL was to appeal against the Bombay High Court order.

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