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RNRL to get no concessions, says RIL
Published on 9 May. 2010 12:00 AM IST
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The three-judge bench of the Supreme Court headed by the Chief Justice of India KG Balakrishnan, on Friday ruled 2:1 in favour of Mukesh Ambani’s RIL, saying the Ambani family memorandum of understanding (MoU) dividing the gas was not binding, legally or technically. And that a government contract overrides a private one.
But now there could be more bad news for Anil Dhirubhai Ambani Group (ADAG) chairman Anil Ambani.
In an exclusive interview with NDTV’s Shweta Rajpal Kohli, the executive director of Reliance Industries PMS Prasad said that in the reworked gas deal between the two parties no concessions are likely to be made for RNRL and it wil be treated at par with other customers. (Read: RIL’s statement on SC verdict)
This also means it won’t be entitled to any gas till its Dadri power plant is ready.
Prasad has also said, “The Ambani brothers are likely to sit across the table to renegotiate the gas pact during next week. The negotiations will begin at the operating level, and the brothers will sit together later.
Renegotiating the gas pact with RNRL will be RIL’s top priority and Mukesh Ambani supports Anil’s proposal to expedite negotiations. We hope that we can close the negotiation process earlier than the SC deadline.”

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