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)
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