Reliance gas price was not fixed at dinner table: Anil Ambani

October 9th, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) Friday began its probe into the allegations against the Director General of Hydrocarbons, V.K. Sibal, that he took favours from Mukesh Ambani-led Reliance Industries.

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 29th, 2009 MUMBAI - The Anil Ambani-led Reliance Natural Resources Ltd (RNRL) Wednesday reported 7.4 percent surge in its net profit to Rs.17.2 crore ($3.5 million) for the quarter ended June 30 as compared to Rs.16 crore in the like period last year. Total income increased 24 percent to Rs.115.4 crore from Rs.92.9 crore, the company said in a regulatory statement.

July 28th, 2009 NEW DELHI - The Anil Ambani-promoted Reliance Power is planning to raise Rs.20,000 crore ($4 billion) this fiscal to finance various power projects, the company chairman said Tuesday. "In all, we raised about Rs.200 billion of debt for various generation projects.

July 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.

June 24th, 2009 MUMBAI - Reliance Natural Resources (RNRL), an Anil Ambani group company, has written two letters to Mukesh Ambani's Reliance Industries seeking to settle the dispute over pricing of gas from the latter's Krishna Godavari finds. "We have written two letters to Reliance Industries, asking them to sit across the table to crash out the three-four relevant clauses so that they can be put in the agreement," RNRL counsel Mukul Rohatgi told a news channel Wednesday.

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 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.

January 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.

December 29th, 2008 MUMBAI - The Reliance Anil Dhirubhai Ambani Group Wednesday launched its much-awaited GSM mobile telephone services spread over 11,000 towns and 340,000 villages with a capital infusion of Rs.10,000 crore (Rs.100 billion/$2 billion). Chairman Anil Ambani, who launched the services from the Reliance Centre here, said the rollout happened six months ahead of schedule, with the company having secured the frequency spectrum for the services only in January.