Anil Ambani group bags contract to develop five airports

October 9th, 2009 NEW DELHI - The Anil Dhirubhai Ambani Group has agreed to pay under protest a marketing margin to Reliance Industries for the gas supplied from the Krishna-Godavari basin, over and above the price formulae of the government. In a letter to the oil ministry, the group has queried if the Mukesh Ambani-led Reliance Industries was entitled to charge the margin, as neither the company has undertaken such an exercise nor has the government's price formulae enabled such a provision.

September 28th, 2009 MUMBAI - The Anil Ambani group has called the marketing margin for the gas produced by Reliance Industries from the Krishna-Godavari basin illegal and asked the oil ministry to prevent the company from suspending supplies as threatened. In a letter to Petroleum Secretary R.S.

September 22nd, 2009 MUMBAI - Telecommunications provider Reliance Infratel, promoted by Reliance Communications and part of the R-ADA group, will come out with an initial public offer to the tune of 10 percent of its paid-up equity capital, group chairman Anil Ambani said here Tuesday. Addressing shareholders at Reliance Communication's annual general meeting here, Ambani said the draft red herring prospectus for the issue would be filed by group company Reliance Power with market regulator Securities and Exchange Board of India.

August 12th, 2009 NEW DELHI - A day after Reliance Anil Dhirubhai Ambani Group accused the petroleum ministry of misguiding the Prime Minister's Office (PMO), oil minister Murli Deora met Prime Minister Manmohan Singh Wednesday to apprise him of his ministry's stance on the subject. In the 30-minute meeting, Deora once again explained his ministry's position that the government had the right to determine the price and use of natural gas as it deemed fit, a senior official in the oil ministry said.

August 7th, 2009 MUMBAI - Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday broke its silence over the controversy on sharing gas from the Krishna-Godavari basin, and alleged the Anil Dhirubhai Ambani Group (ADAG) of unleashing a 'malicious campaign' against RIL. In a statement to the media, RIL dismissed Anil Ambani's statements as "baseless" and claimed that Anil is carrying out an orchestrated campaign to prejudge a legal dispute.

July 21st, 2009 MUMBAI - Reliance Infrastructure has firmed up plans for a major foray into cement production and expansion of airports across the country, apart from bidding actively for major highways projects, company chairman Anil Ambani said Tuesday. Addressing the company's annual general meeting here, Ambani said a pact was signed last week with the Maharashtra Government for a five-million-tonne cement unit in Yavatmal district at investment of Rs.2,250 crore ($450 million).

May 1st, 2009 MUMBAI - Investigations are underway into the mysterious death of aircraft technician Bharat Borge, who discovered the plot to sabotage industrialist Anil Ambani's chopper, and police have recorded the statements of several people, including at least two officials of the Reliance Anil Dhirubhai Ambani group (ADAG), an official said Friday. 'Now we shall corroborate these statements with the other statements available with the police and attempt to unravel the actual reasons leading to Borge's suicide or otherwise,' Mumbai Railway Police Commissioner A.K.

April 29th, 2009 MUMBAI - The Maharashtra Police and family of a dead Anil Ambani Group technician traded charges with each other on Wednesday over the way the latter had died. Bharat Borge was found dead on the railway track last evening between Vile Parle and Andheri suburban stations.

April 29th, 2009 MUMBAI - The Anil Dhirubhai Ambani Group (ADAG) has cancelled the maintenance contract of its Bell 412 helicopter with aircraft maintenance firm Air Works India, according to an airport source. When contacted, an official of ADAG confirmed the development Wednesday morning, but decline to elaborate.

April 29th, 2009 MUMBAI - The Maharashtra Government on Wednesday categorically said that no evidence was found during the investigations into Anil Ambani's helicopter sabotage case to suggest a "corporate rivalry" behind the incident. Talking to reporters, state Home Minister Jayant Patil said, "We have not found any evidence that there is a corporate rivalry between two groups and that is why this had happened." "So it is nothing of that sort and the police is heading towards the correct conclusion," he added.

April 23rd, 2009 MUMBAI - Industrialist Anil Ambani Thursday evening filed a complaint alleging his helicopter had been sabotaged, police said. According to police officials, Ambani said his Bell 412 seven-seater helicopter was 'sabotaged'.

January 18th, 2009 MUMBAI - The Anil Ambani group Monday told the Bombay High Court that allowing Reliance Industries to charge a higher tariff for gas from the Krishna-Godavari basin would mean a Rs.250-billion scam. The group, which is fighting a bitter legal battle with the Mukesh Ambani-led Reliance Industries over gas from the fields off the Andhra Pradesh coast, said state-run utility NTPC must not be asked to pay more than the agreed price of $2.34 per unit.

January 15th, 2009 MUMBAI - The Bombay High Court is expected to decide next week whether Mukesh Ambani-led Reliance Industries can assume sale of natural gas from the Krishna-Godavari basin, off the Andhra Pradesh coast. The court had imposed a stay on the sale of natural gas from the fields after two cases were filed against Reliance Industries over the sale price and qualtity of fuel - one by the Anil Ambani Group and the other by state-run power utility National Thermal Power Corporation (NTPC).

January 12th, 2009 AHMEDABAD - The Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three accords worth Rs.105 billion (Rs.10,500 crore/$2.13 billion) with the Gujarat government as part of its investment commitment to the state. Addressing the Vibrant Gujarat Global Investors' Summit here Tuesday, group chairman Anil Ambani said the investments would be made for building a port jetty in Saurashtra, a major power plant and three cement factories.

January 12th, 2009 AHMEDABAD - The Reliance Anil Dhirubhai Ambani Group (ADAG) Tuesday signed three memorandums of understanding (MoUs) worth Rs.105 billion (Rs.10,500 crore or $2.13 billion) for its proposed projects in Gujarat. Group chairman Anil Ambani said the investments would be made for building a port jetty in Saurashtra, a power plant and three cement factories.