RIL should stop marketing margin levy, says Anil

In a letter to Petroleum Secretary R S Pandey, Reliance Infrastructure also sought to know whether RIL was entitled to charge marketing margin despite the fact that “RIL is not sharing this part of sales consideration with the government.

R-Infra Vice-President Kamal Kant said in the letter: “You are requested to advise RIL to act in terms of the Bombay High Court order and continue to supply the gas on payment of 4.2 per mmBtu.”

Meanwhile, accusing Anil Ambani group firm Reliance Infra of faulting the contractual notice period for maintenance shutdown at its power plant, Mukesh-led RIL has decided to give gas despite the payment default. “Under the terms of the GSPA, a change in the schedule of planned maintenance needs a 60-day prior notice.

As an exception, we agree to change in planned maintenance by one day (to September 28) even though such notice was not given to us in accordance with the provisions of the GSPA,” RIL’s Marketing Head R Suresh informed Reliance Infrastructure.

RCF seeks price parity

Meanwhile, PSU firm Rashtriya Chemicals and Fertilisers (RCF) has sought for price parity with NTPC and Reliance Natural Resources Limited (RNRL) for the gas supplied by Reliance Industries (RIL) from K-G basin claiming it would improve the profitability of RCF by about 20 per cent.