RNRL gets stood up; no meeting with RIL on gas supply
Press Trust of India / Mumbai Jun 29, 2009, 16:25 IST
A top management team of Anil Ambani group firm RNRL got stood up by Reliance Industries officials, who neither responded nor turned up for a proposed meeting to follow up the Bombay High Court order on gas supply.
The meeting was proposed by RNRL on June 25 in its third letter in this regard.
A four-member RNRL team reached the Trident Hotel here at 1100 hrs, but found it had turned up all by itself.
The Bombay High Court had on June 15 given the two companies a month's time to work out firm gas volumes, price, timelines and other commercial details for sourcing the fuel from Krishna-Godavari basin fields.
The Court had also ruled that RIL should honour its commitment in the family split agreement to supply gas to RNRL.
The terms, as per the MoU which split the Dhirubhai Ambani empire in 2005, were to be based on RIL's bid for NTPC tender.
The price in NTPC tender was $2.34 per million British thermal unit (mmBtu), 44 per cent lower than Government approved rates of $4.20 per mmBtu.
RIL President and CEO (Oil and Gas) PMS Prasad had last week said: "We have time till July 15 to decide.We are still evaluating our options."
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And wants to work for them those who are unable to earn and work also wants to provide them good education by teachig free.
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