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Home -> Finance -> Full Story

RNRL accuses RIL of misleading Ministry of PNG
Monday, July 31 2006 11:08 Hrs (IST) - World Time -

New Delhi: Anil Ambani Group Company Reliance Natural Resources Limited (RNRL) yesterday (July 30,2006) accused elder brother Mukesh Ambani's RIL of misleading the Ministry of Petroleum and Natural Gas with the aim to renege from its binding gas supply arrangement.

The RNRL spokesperson alleged that the RIL was not divulging the full facts to the Ministry with 'malafide and dishonest intentions.'

The RIL spokesperson, however, declined to comment.

"The gas supply arrangement between the RIL and RNRL was finalised as early as the first half of 2004 more than two years ago but the RIL chose not to communicate the same to the Ministry till recently," RNRL said in a statement.

It said, "RIL's attempt to mislead the ministry is solely motivated by its selfish desire to secure a higher price for gas to primarily enrich itself with minimal, if any, benefit ultimately going to the Ministry of Petroleum and Natural Gas."

PTI