ADA firm agrees to pay market margin to RIL

Posted By: Staff
Subscribe to Oneindia News

New Delhi, Oct 9: Anil Ambani firm Reliance Infrastructure has agreed to pay marketing margin under protest to Reliance Industries.

It also sought natural gas to its power plant when it resumes operations after a maintenance shutdown.

R-Infra on Oct 7 wrote to RIL saying it was instructing its "bank to effect full payment of the invoice (raised by RIL for supply of KG-D6 field gas to its Samalkot power plant) including the marketing margin element."

The company, which had paid $0.135 per million British thermal unit in marketing cost to RIL for over four months without protest, had on Sep 15 written to the Mukesh Ambani-firm saying it will no longer pay the "unauthorised and illegal" levy, a news agency report said.

"We request you to withdraw the suspension notice dated Sep 28 and confirm immediate resumption of the supply of gas upon completion of maintenance of power plant," R-Infra Vice-President Kamal Kant wrote to RIL.

OneIndia News

Please Wait while comments are loading...