RNRL may intervene in RIL-NTPC case

Tags: Gas, NTPC, RNRL, Petroleum
Close on the heels of the Bombay High Court's gas supply judgement in its

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favour, Anil Ambani group firm Reliance Natural Resources Ltd is all set to intervene in another case related to gas supply between Mukesh Ambani-led RIL and state-run power producer NTPC.

"RNRL will intervene in the RIL-NTPC High Court matter," a source familiar with the matter said.

Earlier this week, the Bombay High Court asked RIL to honour a 2005 family agreement to supply 28 million cubic meters per day of gas from its Krishna-Godavari basin fields at USD 2.34 per mmBtu for 17 years to RNRL.

As per the ruling, RIL has been asked to supply gas at a price 44 per cent lower than rates apporved by the government.

The price for RNRL was derived from the 2004 agreement between RIL and NTPC. However, this RIL-NTPC contract is also a subject matter of case before another bench of the Bombay High Court as RIL has said that the contract was not concluded

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