NTPC's petition has full backing of ministers: Moily

NTPC's petition has full backing of ministers: Moily

“The question was raised (if NTPC can go to the Supreme Court)... they can definitely... so that’s why this is with the full understanding of the that informal group of ministers,” Moily said.

NTPC last Saturday moved the apex court challenging Bombay High Court’s decision that allowed Mukesh Ambani group firm RIL to amend its petition on the gas dispute citing government’s pricing policy.

A Division Bench of the Bombay High Court had allowed amendment in the petition wherein RIL had prayed that the government’s policy on pricing of gas would frustrate its contract with NTPC.

RIL had bid US$2.34 per mmBtu to supply gas to NTPC in a 2004 tender, but the government subsequently approved US$4.2 per mmBtu as the price for gas from the KG basin fields.

The Special Leave Petition (SLP) by NTPC is separate of the government’s own petition in the court stating that its pricing policy was without prejudice to the power PSU case against RIL.

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