Can't supply gas to RNRL: RIL to SC

Posted By: Staff
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New Delhi, Oct 7: Mukesh Ambani-led RIL informed the Supreme Court that it was unable to suppy gas to Anil Ambani group firm RNRL due to the absence of fuel consuming power plants.

Earlier, RNRL submitted a petition seeking Supreme Court to direct RIL to supply gas as already ordered by the Bombay High Court.

But RIL said the Anil Ambani group firm 'does not have a single power plant since the demerger (of the Reliance empire) and the ADAG owns just one gas-based plant.'

"RNRL does not have existing plants capable of using the gas and it is necessarily seeking to trade in gas over (which it is not entitled to do at all) and make enormous profits based on the below market acquisition price of USD 2.34 per mmBtu," RIL said in its affidavit.

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