Kg Basin

  • Show Modi's letter on gas price hike or apologise: BJP to Kejriwal April 3, 2014

    BJP on Thursday challenged AAP leader Arvind Kejriwal to furnish the letter he claims that Modi had signed in favour of a gas price hike or apologise for lying. Chief spokesperson of Delhi BJP Sanjay Kaul today said Kejriwal's reported statements at a rally in Delhi suggesting that he was in...
  • SC recalls order in Reliance Industries KG Basin gas production case April 2, 2014

    New Delhi: The Supreme Court on Wednesday recalled its order appointing former Australian judge James Jacob Spigelman as a presiding arbitrator in disputes between Reliance Industries and the centre over the shortfall in gas production in the KG basin. The apex court bench of Justice SS Nijjar recalled its order appointing...
  • Row over KG Basin gas: Andhra HC issues notice to Centre, state March 10, 2014

    Hyderabad: Accepting a PIL against the allotment of the Krishna-Godavari basin gas to states other than Andhra Pradesh, the state High Court on Monday sent notices to the Centre, the Andhra government and Reliance for their responses. The YSR Congress has been demanding that the basin gas should only go to...
  • RIL threatens to sue AAP government over gas pricing allegations February 12, 2014

    New Delhi: Reliance Industries Limited has threatened to take the Aam Aadmi Party government to court over its allegations on gas pricing. This came after Delhi Chief Minister Arvind Kejriwal ordered an FIR against RIL Chairperson Mukesh Ambani as well as Union Ministers Veerappa Moily and Murli Deora. "The complaint and...
  • Oil marketing companies need to increase efficiencies and keep costs in check: Siddharth Zarabi January 18, 2013

    How is the diesel price rise likely to affect the daily life of a common Indian? CNBC-TV18's economic policy editor & Delhi bureau chief Siddharth Zarabi joined IBNLive readers for an interaction on the issue. Q. Why is the govt unable to put pressure on oil companies to improve efficiencies, given...
  • Kejriwal targets Modi over Gujarat gas deal, seeks probe December 4, 2012

    New Delhi: Aam Aadmi Party convenor Arvind Kejriwal on Tuesday took on Gujarat Chief Minister Narendra Modi over the Tehelka report alleging irregularities in the sale of stake worth Rs 20,000 crore in Gujarat State Petroleum Corporation's (GSPC) gas exploration project in the Krishna Godavari Basin (KG), which the report...
  • Govt has disallowed RIL's $1 bn expense on KG-D6: Moily November 27, 2012

    New Delhi: The government has disallowed $1 billion expense of Reliance Industries on the flagging KG-D6 gas fields for not implementing the approved field development plan, Oil Minister M Veerappa Moily said on Tuesday. "The average gas production from KG-DWN-98/3 (KG-D6 block) during the current year was about 29.81 million...
  • Leakage of gas stopped at ONGC well in KG basin: Govt November 23, 2012

    New Delhi: State-owned Oil & Natural Gas Corp's (ONGC) Krishna Godavari basin well that had been leaking natural gas for over two months now, has stopped flowing, the government said on Friday. An uncontrolled flow of gas started from the Well G-1-9 in the Krishna Godavari basin on August 30...
  • Fall in KG gas haunts AP power plants August 8, 2012

    New Delhi: Gas shortage has hit power plants in Oil Minister Jaipal Reddy’s home state Andhra Pradesh. Power production to the tune of nearly 400 mega watt has been affected as gas-fired plants are receiving far less gas than what was promised to these power plants. Reliance Industries’ (RIL) KG-D6...
  • CAG report on KG Basin puts RIL in the dock September 8, 2011

    New Delhi: The CAG report on performance of oil and gas blocks operated by firms including Reliance Industries and Cairn India tabled was tabled in Lok Sabha on Thursday. The CAG in its report has asked the Oil Ministry to review decision to allow Reliance Industries to retain entire KG-D6 block....
  • Reliance Industries surges over 2 pc on bourses July 25, 2011

    Mumbai: Shares of Reliance Industries surged by over 2 per cent in early trade on the bourses on Monday in anticipation of good first quarter numbers from the market leader, which are scheduled to be announced later in the day. After opening the day on a robust note, the stock touched...
  • SC verdict on the Ambanis' gas dispute tomorrow May 6, 2010

    New Delhi: The Supreme Court is likely to deliver on Friday its verdict on the gas pricing and supply dispute between energy companies RIL and RNRL. A three-judge bench headed by Chief Justice K G Balakrishnan, who will be demitting office on May 11, had reserved its judgement in the...
  • Mukesh inked biased gas pact in 5 mins: RNRL November 26, 2009

    New Delhi: The Supreme Court was told on Thursday that Mukesh Ambani took all of five minutes to approve the self-serving gas supply pact on behalf of both Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL) despite the Rs 100,000-crore financial implication. Continuing his arguments before the bench hearing...
  • Ambani gas row: Centre says can have differential pricing November 20, 2009

    New Delhi: In a setback for Anil Ambani in the battle for gas, the Centre on Thursday told the Supreme Court that they have the right to fix the price of gas and can offer a cheaper rate to a public sector unit like NTPC. ...
  • Gas is not Ambanis' private property: Govt to SC November 18, 2009

    New Delhi: Government on Tuesday opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property". "It (gas) is not the private property of RIL or...
  • Two SC judges withdraw from Reliance cases November 5, 2009

    New Delhi: Two judges of the Supreme Court on Wednesday withdrew themselves from hearing cases involving Mukesh Ambani-led Reliance Industries over possible conflict of interest. Justice RV Raveendran withdrew himself from hearing the dispute between companies headed by the two Ambani brothers - Mukesh and Anil - over supply and pricing...
  • Watch: Judge recuses himself from Ambani gas case November 5, 2009

    New Delhi: Wednesday saw another twist in the high-profile Ambani gas feud. The matter will be heard afresh from Thursday after Supreme Court Judge, Justice Raveendran, withdrew from the case citing conflict of interest. ...
  • SC judge pulls out of Ambani brothers' case November 5, 2009

    New Delhi: Justice R V Raveendran, a member of the three-judge Supreme Court bench hearing the dispute between companies led by the two Ambani brothers, Mukesh and Anil, over supply and pricing of natural gas, quit the case on Wednesday. Raveendran quit after disclosing to the court that his daughter has...
  • Watch: SC tells Ambanis to try arbitration October 22, 2009

    New Delhi: Mukesh Ambani and Anil Ambani were on Wednesday asked if no mediation was possible to end their personal war that has cast a shadow over the Indian natural gas sector. ...
  • Court suggests arbitration in Reliance gas dispute October 21, 2009

    New Delhi: The Supreme Court on Wednesday wondered why the Mukesh Ambani-led Reliance Industries did not opt for arbitration to arrive at a suitable arrangement to supply natural gas to younger sibling Anil Ambani's Reliance Natural Resources. "Why didn't you go for arbitration, mediation or third party intervention to arrive at...
  • RIL not part of Ambani family MoU; pact between brothers October 20, 2009

    New Delhi: Reliance Industries on Tuesday told the Supreme Court that the 2005 family agreement to divide the Reliance empire was a pact between the Ambani brothers and Anil should sue Mukesh if he feels aggrieved. RIL board had not approved the family MoU that provides for supply of gas by...
  • Watch: Ambani Vs Ambani in Supreme Court October 19, 2009

    New Delhi: The battle between the Ambani brothers - Anil and Mukesh - has become a fight to the finish. The battle will now be fought in the Supreme Court and starting Tuesday a three-judge Bench led by the Chief Justice of India will hear all sides. ...
  • Ambani gas row hearing to start in SC today October 20, 2009

    Mumbai: India's billionaire Ambani brothers face off in the country's top court this week over a gas pricing case with all guns blazing: lined on each side are a battery of India's highest paid legal brains. The Supreme Court will on Tuesday start hearing arguments in the case between Reliance Industries,...
  • RIL bound to supply gas to us: Anil Ambani firm September 9, 2009

    New Delhi: Anil Ambani group firm Reliance Natural Resources Ltd (RNRL) on Wednesday told the Supreme Court that Reliance Industries Ltd (RIL), belonging to elder brother Mukesh Ambani, was under a binding obligation to supply gas to it. In an affidavit filed in the apex court registry, RNRL also contended that...
  • HC allows RIL to amend plea, NTPC moves SC September 5, 2009

    New Delhi: State-run power PSU NTPC on Saturday moved the Supreme Court challenging the Bombay High Court judgement that allowed Mukesh Ambani Group company RIL to amend its petition on the gas dispute. Taking support of an affidavit filed by the Oil Ministry in the High Court for a separate case...
  • SC defers hearing on Reliance gas row till Oct 20 August 28, 2009

    Mumbai: The Supreme Court hearing in the gas dispute case between Reliance Industries and Reliance Natural Resources will take place on October 20, according to a spokesman for Reliance Industries, after previously being set for September 1. No reason for the change in schedule was immediately available. A source with Reliance Natural...
  • Govt not to interfere in Ambani gas row August 21, 2009

    New Delhi: The Centre on Friday replied to Anil Ambani's allegations that it sided with Reliance Industries Ltd at the cost of its own profits and that of National Thermal Power Corporation (NTPC). "The government does not want to be involved in the gas war between the Ambani brothers. But it...
  • RIL breaks silence, says Anil maligning Mukesh August 8, 2009

    New Delhi: RIL Chairman Mukesh Ambani has finally broken his silence on the gas row. RIL has come out with a statement on Friday saying Anil Ambani is carrying out an orchestrated campaign to prejudge a legal dispute. The statement says that Anil and his associates have attempted to convert legal...
  • Anil Ambani says RIL pumping gas at low level August 3, 2009

    Mumbai: Industrialist Anil Ambani welcomed Petroleum Minister Murli Deora's statement on Monday that gas will be supplied to his group's proposed power plant in Uttar Pradesh but said Reliance Industries Ltd (RIL) was deliberately keeping low the production of this natural resource from the Krishna-Godavari basin. Reacting to Deora's statement in...
  • Mulayam says Govt favouring RIL August 4, 2009

    New Delhi: Samajwadi Party leader Mulayam Singh Yadav on Monday shocked the Lok Sabha when on the floor of the House he accused Petroleum Minister Murli Deora of "corruption", alleging "favours worth Rs 15,000 crore" to a single individual in the gas dispute between the Ambani brothers. "This is the minister...