Second round: Sparring goes on in gas case

Selling gas at $2.34 will hit us: RIL

By: ranjitsinha

Reliance Industries on Tuesday told the Supreme Court that it would lose money by selling natural gas at $2.34 per million British thermal units or mmBtu.   The company’s lawyer Harish Salve told the court that RIL had not told the Bombay HC that sale at $2.34 per unit would be profitable and that the HC appeared to ...

about 1 month ago

RPL Dadri plan gets court rap

By: newsglobally

The Reliance-Anil Dhirubhai Ambani Group received a setback on Friday when the Allahabad high court struck down a February 2004 notification of the Uttar Pradesh government led by Mulayam Singh Yadav that used special powers to acquire 2,500 acres from farmers for the proposed 7,480MW Dadri power project in Ghaziabad district.  The ...

3 days ago

Centre: Don’t equate NTPC, RNRL

By: someshahuja

After showing much reluctance to file an affidavit in the ongoing RIL-RNRL gas row in the Supreme Court, the Central government has finally made its stand clear on Wednesday by putting the state-run NTPC on a higher pedestal than private sector companies.   “The rights and obligations of NTPC and RIL cannot be regarded as ...

1 day ago