Ambani brothers' gas row has echo in LS

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:54 AM IST

The gas row between the Ambani brothers had its echo in the Lok Sabha today with Samajwadi Party chief Mulayam Singh Yadav making a strong plea for gas from Reliance at cheaper rates for state-owned National Thermal Power Corporation (NTPC), a plea also being used by the Anil Ambani group.

Yadav regretted that Petroleum Minister Murli Deora has given an affidavit in the Supreme Court, saying it went against the interests of the NTPC as also against the assurance made in the House by its leader Pranab Mukherjee.

"NTPC will be losing thousands of crores. It is a navaratna company, it is one of the good companies in the world that needs to be saved," the SP chief said at a time when a high-voltage corporate battle is being fought in the apex court.

This is the second time this year that Yadav has raised the issue in the House. On July 29, he had demanded resignation of Deora on his role in the dispute between the Ambani brothers. At that time, he had raised the issue of supply of gas to the Dadri power plant.

Anil Ambani has accused the Oil Ministry of helping his brother Mukesh, who heads the Reliance Industries Ltd to wriggle out of his commitment to supply gas to the Dadri plant being planned by him.

Speaker Meira Kumar said the government was ready for a discussion in the House and members could deliberate on the issue at length whenever it was held.

Earlier during the Question Hour, Minister of State for Petroleum Jitin Prasada had ducked questions relating to the dispute saying the "matter is subjudice".

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 03 2009 | 2:17 PM IST

Next Story