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Gas Rullin Wins by Reliance industry

Discussion in 'Trade Journals' started by honeyks, May 7, 2010.

  1. honeyks

    honeyks New Member

    Feb 26, 2010
    Likes Received:
    The supream court gives dicision in favour of mukesh ambani.
    "It has brought more clarity as far as policy is concerned that the government is the owner of the gas and has the power to decide prices," said S.C. Tripathi, former secretary at the Petroleum Ministry.
    "This makes government's role more predominant, but votaries (those in favour) of economic liberalisation may consider this a step backward."
    The court ordered the brothers -- who have a combined fortune of around $43 billion -- to renegotiate within six weeks a 2005 gas contract between Mukesh's Reliance Industries and the younger Anil Ambani's Reliance Natural Resources (RNRL)

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