Anil Ambani calls on Deora

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:57 AM IST

Industrialist Anil Ambani today called on Oil Minister Murli Deora and is believed to have discussed allocation of natural gas to his group's upcoming power plants.

"I have known (Anil) for many years. He just came to see me. I have nothing more to say," he told reporters when asked about the nearly 30 minute meeting.

Ambani also refused to speak to mediapersons about the meeting, where Oil Secretary S Sundareshan was also present.
    
Official sources had yesterday indicated that the government may allocate natural gas to Anil Ambani Group's proposed power plants like the Dadri project in Uttar Pradesh only six months prior to commissioning, as reservation of gas is not allowed under the present policy.
    
Last month, Anil Ambani group's Reliance Natural Resources plea for cheap gas from elder brother Mukesh-led Reliance Industries was turned down by the Supreme Court on the ground that gas was a national asset and government had the last word on its pricing and utilisation.
    
The Ambani brothers have since agreed to renegotiate an agreement on gas supply and Mukesh at the Annual General Meeting of Reliance Industries last week said his firm was ready to supply gas to Anil group's power plants, as and when they are ready.

*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: Jun 22 2010 | 1:53 PM IST

Next Story