A stormy relationship

Business Standard New Delhi

Last Updated : Jan 21 2013 | 8:29 AM IST

Former petroleum minister Murli Deora used to say he is a friend of industry. “If you live in South Mumbai, you are friends with them,” he said. Mukesh Ambani-led RIL’s rocky relationship with the petroleum ministry started when Jaipal Reddy replaced Deora in January 2011. Its approvals were delayed; top company executives waited to meet bureaucrats; and its proposed pricing formula for coal bed methane was delayed(Click on graphic)