|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
In the midst of the high-octane legal battle between the two Ambani brothers over gas supply from KG-D6 fields, the Planning Commission said on Thursday that it is not concerned about the outcome of the dispute, but only wanted to promote the use of the fuel for the power and fertilizer sectors.
Oil Ministry stand will erode investor confidence: Anil Ambani
"As far as we are concerned, the entire gas is available to the country. It will be used for power and fertilizer sectors in the country. As the production (of gas) goes up, I am sure the utilisation (of gas) will also go up," he told reporters on sidelines of a CII event.
Anil Ambani's emotional speech at RNRL AGM
As per the memorandum of understanding between RIL and RNRL, RNRL was to get 28 million standard cubic meters per day of gas from KG-D6 at $2.34 per mmBtu, a price 44 per cent lower than the government-fixed rates.
The rest of the volumes from KG-D6 and other RIL fields (after giving 12 mmscmd to NTPC), was to be split between the Mukesh and Anil in 60:40 ratio.
Gas dispute case: RNRL versus Reliance