<p>The statement says that Anil and his associates have attempted to convert legal issues into public issues to malign RIL and venerable public institutions.<br /><br />RIL said it refutes and rejects baseless and motivated allegations and insinuations against the company and its Chairman, Mukesh Ambani. <br /><br />“Our objective is to act in a manner which is consonant with law of land and in national interest. RIL is the only a contractor engaged by the Government to harness gas in the Krishna-Godavari basin,” the statement read.<br /><br />“As contractor, we have all times acted with full sense of responsibility and with complete compliance of our role as contractor. The assets created from our investment will accelerate India’s economic growth and contribute to energy security. RIL has chosen to refrain from reacting to malicious propaganda unleashed by Anil Ambani,” the statement further read.<br /><br />Malicious charges<br />RIL’s statement makes it clear that the investment in Krishna-Godavari basin was made after the demerger of Reliance empire and that all allegations of inflated cap-ex are malicious. <br /><br />Accelerating growth<br />“The asset that has been created by our investment of over Rs.32, 000 Crores will accelerate India’s economic growth and create large scale employment. Significantly, this investment in developing the KG Basin has been made after the demerger of Reliance Industries in 2005,” it added. <br /><br />Further, the company has advised Anil Ambani to exercise restraint and says that Mukesh Ambani was profoundly saddened by personal comments made by his brother Anil Ambani. However, Mukesh has decided not to respond to the comments. Meanwhile, the Anil Dhirubhai Ambani Group (ADAG) maintains the pressure is working on RIL. It may be noted the ADAG on Thursday said it was surprised to note a sudden increase in the output of gas from the Krishna-Godavari basin by Mukesh Ambani’s Reliance Industries just few days after the matter was raised publicly. <br /><br />“This clearly confirms our view that the contractor (Reliance Industries) is holding the gas and only public scrutiny and comments are succeeding in putting pressure on the contractor to increase production,” said Chief Executive of Reliance Power, J P Chalasani.</p>
<p>The statement says that Anil and his associates have attempted to convert legal issues into public issues to malign RIL and venerable public institutions.<br /><br />RIL said it refutes and rejects baseless and motivated allegations and insinuations against the company and its Chairman, Mukesh Ambani. <br /><br />“Our objective is to act in a manner which is consonant with law of land and in national interest. RIL is the only a contractor engaged by the Government to harness gas in the Krishna-Godavari basin,” the statement read.<br /><br />“As contractor, we have all times acted with full sense of responsibility and with complete compliance of our role as contractor. The assets created from our investment will accelerate India’s economic growth and contribute to energy security. RIL has chosen to refrain from reacting to malicious propaganda unleashed by Anil Ambani,” the statement further read.<br /><br />Malicious charges<br />RIL’s statement makes it clear that the investment in Krishna-Godavari basin was made after the demerger of Reliance empire and that all allegations of inflated cap-ex are malicious. <br /><br />Accelerating growth<br />“The asset that has been created by our investment of over Rs.32, 000 Crores will accelerate India’s economic growth and create large scale employment. Significantly, this investment in developing the KG Basin has been made after the demerger of Reliance Industries in 2005,” it added. <br /><br />Further, the company has advised Anil Ambani to exercise restraint and says that Mukesh Ambani was profoundly saddened by personal comments made by his brother Anil Ambani. However, Mukesh has decided not to respond to the comments. Meanwhile, the Anil Dhirubhai Ambani Group (ADAG) maintains the pressure is working on RIL. It may be noted the ADAG on Thursday said it was surprised to note a sudden increase in the output of gas from the Krishna-Godavari basin by Mukesh Ambani’s Reliance Industries just few days after the matter was raised publicly. <br /><br />“This clearly confirms our view that the contractor (Reliance Industries) is holding the gas and only public scrutiny and comments are succeeding in putting pressure on the contractor to increase production,” said Chief Executive of Reliance Power, J P Chalasani.</p>
