Anil Ambani Group agrees to gas marketing margin under protestOctober 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.
Left urges government to take over distribution of Reliance gasAugust 2nd, 2009 NEW DELHI - Left parties' parliamentarians Sunday asked the government to take over the marketing and distribution of the gas produced by the Mukesh Ambani-led Reliance Industries from the Krishna-Godavari (KG) basin. Referring to the dispute between the Ambani brothers over KG basin gas, around 30 MPs from Left parties in a letter to Prime Minister Manmohan Singh said that a "national asset" like gas should not be appropriated as "family property".
Reliance gas price was not fixed at dinner table: Anil AmbaniJuly 28th, 2009 MUMBAI - Reliance Natural Resources chairman Anil Ambani Tuesday accused the petroleum ministry of being biased in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the price of natural gas from the Krishna-Godavari basin. Addressing shareholders of the company, he also said the government would not lose a single rupee even if the gas from the fields off the Andhra Pradesh coast were to be supplied to his company at the originally contracted price of $2.34 per unit.
Petroleum Ministry acting biased: Anil AmbaniJuly 28th, 2009 MUMBAI - Reliance Natural Resources chairman Anil Ambani on Tuesday blamed the Petroleum Ministry of maintaining a biased approach in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the issue of the price of natural gas from the Krishna-Godavari basin. Anil, while addressing shareholders of the company, stated that the Government would not lose a single rupee even if the gas from the fields off the Andhra Pradesh coast were to be supplied to his company at the originally contracted price of 2.34 dollars per unit.
Reliance Globalcom revenue up 23 percentJune 29th, 2009 MUMBAI - Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million). The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.
Thackeray family feud now out in the openMay 24th, 2009 MUMBAI - The Shiv Sena and the Maharashtra Navnirman Sena have both been electorally routed in Mumbai and in parts of Maharashtra in the recent general elections, but this has not stopped the Thackeray family from bringing its internal bickering out into the open. Shiv Sena chief Uddhav Thackeray has blamed his cousin and MNS chief Raj Thackeray for the Shiv Sena's poll debacle.
Election Commission gives clean chit to Manmohan SinghApril 27th, 2009 NEW DELHI - The Election Commission (EC) on Monday rejected a complaint made by Bharatiya Janata Party (BJP) candidate Mahesh Jethmalani against Prime Minister Dr. Manmohan Singh, alleging that he had violated the poll code by appeasing Muslims to garner votes.
Reliance Industries quarterly profit down 9.4 pct, sales off 24.9 pct on low crude pricesApril 23rd, 2009 Reliance Industries quarterly profit falls 9.4 pctMUMBAI, India — Indian oil, gas and petrochemicals giant Reliance Industries Ltd. said Thursday that quarterly profits fell 9.4 percent and sales fell 24.9 percent, as waning demand pushed global crude prices lower.
Reliance refinery gives up export unit statusApril 18th, 2009 MUMBAI - The Mukesh Ambani-controlled Reliance Industries Ltd has surrendered the export-oriented unit (EOU) status of its refinery in Gujarat's Jamnagar to sell fuel in the domestic market. 'The refinery will now operate as a non-EOU refinery to cater to increasing demand of petroleum products in the country,' the company said in a statement.
When BJP had no comments on 'Ram'April 8th, 2009 NEW DELHI - As the Bharatiya Janata Party's (BJP) national spokesperson, Ravi Shankar Prasad is quite used to ducking tricky questions. But a poser on lawyer and former minister Ram Jethmalani had him stumped.
Merger of Reliance Industries, fuel exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Government sidesteps demand for JPC on Satyam scamFebruary 16th, 2009 NEW DELHI - The government Tuesday sidestepped a demand to appoint a Joint Parliamentary Committee (JPC) to probe the Satyam Computers scam, even as the issue rocked the Rajya Sabha and dominated the entire question hour. 'The question is not clear,' Company Affairs Minister Prem Chand Gupta replied when asked why a Central Bureau of Investigation (CBI) probe had been ordered into the scam when what was required, given the enormity and ramifications of the crime, was a JPC enquiry.
Court verdict soon on sale of Reliance Industries gasJanuary 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).
Anil Ambani group questions government's role on gas pricingJanuary 14th, 2009 MUMBAI - Anil Ambani-led Reliance Natural Resources Thursday pleaded before the Bombay High Court that the government had no right to fix the sale price of gas due to it from the hydrocarbon fields allotted to Mukesh Ambani's Reliance Industries. 'Under production sharing contracts, government's role is limited to approving the gas value so as to determine its share of profits,' a senior company official said, quoting a counter-affidavit filed with the court on the dispute over the natural gas from the Krishna-Godavari basin.
Mukesh Ambani's Reliance denies gas pact with brother's firmJanuary 13th, 2009 MUMBAI - Mukesh Ambani's Reliance Industries Wednesday denied any pact with Anil Ambani Group's Reliance Natural Resources Ltd (RNRL) for the sale of natural gas from the Krishna-Godavari basin off the Andhra Pradesh coast. Representing Reliance Industries, senior counsel Harish Salve told the Bombay High Court that a memorandum of understanding was entered into with Reliance Energy, another company in the Anil Ambani group, for the Dadri power project in Uttar Pradesh.
Loading ...