“We were surprised to learn from media... that RIL... justified the massive escalation in development costs... we were also surprised that the petroleum ministry, within the short time of less than a day that was available for verification, defended RIL’s apparently inflated capital expenditure,” Group President A N Sethuraman wrote to Oil Secretary R S Pandey.
Sethuraman, also sought the oil ministry’s indulgence in NTPC’s case against RIL just as it did in a similar commercial dispute over gas supply between the Ambani brothers.
(Published 27 August 2009, 16:35 IST)