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Anil expects end to gas row with RIL

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Bloomberg Mumbai
Last Updated : Feb 05 2013 | 1:36 AM IST
Anil Ambani, who is in dispute with elder brother Mukesh's Reliance Industries over the supply of gas, said he expects an end to the row.
 
Reliance Natural Resources, the younger Ambani's company, filed a suit in November for breach of an agreement to supply gas to a power project in north India.
 
NTPC, India's biggest power generator, had filed a suit against Reliance Industries in December 2005 to enforce a gas-supply contract.
 
"What was good for NTPC, as a government-owned company, should be good for us. Our contracts read identical,'' he said in Mumbai. "Clearly, time is running out for buyers and sellers.''
 
Reliance's Krishna-Godavari gas find off India's east coast in 2002 was the world's largest that year, according to the company.
 
Reliance plans to spend $5.2 billion to develop the gas field, which could produce 80 million cubic meters of gas a day, equivalent to India's current consumption.

 
 

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First Published: Jul 11 2007 | 12:00 AM IST

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