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Gas dispute case: RNRL seeks NTPC as party

Anil Ambani
New Delhi, Sep 17: Anil Ambani-led RNRL asked the Supreme Court on Wednesday, Sep 16 to make state run NTPC Ltd as party to its ongoing case against Mukesh Ambani-led RIL.

"RNRL and NTPC are taking the same stand to oppose the dishonest stand taken by RIL to avoid its obligation to supply gas to both the companies," the application by RNRL said.

Both RNRL and NTPC are seeking gas from RIL's Krishna-Godavari D6 oilfields at a price of $2.34 per million British thermal units (mmBtu), while RIL argues that the price needs government approval.

The Supreme Court is to commence final hearings on the matter on Oct 20, 2009.

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RIL divests 4.01 pc stake in RPL for Rs 4,023 cr

New Delhi, Nov 24: Mukesh Ambani-run Reliance Industries Ltd has said it has offloaded 4.01 per cent stake in its arm Reliance Petroleum Ltd (RPL) for Rs 4,023 crore. The company said in a statement that it has sold Rs 18.04 crore equity shares out of its holding of 75 per cent in RPL, which has now come down to 70.99 per cent. ''The sale has further helped to broadbase the shareholding pattern of RPL. The number of shareholders of RPL.....
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