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2 comments:
hi friend
can u please explain the controversy regarding ambani bros(the genesis of the problem)
thank u
devaraj
@Deva
The fight is on the pricing of natural gas from one of India’s biggest fields, in the Krishna Godavari basin in the Bay of Bengal. In 2005 the brothers agreed that Reliance Industries, which controls the field, would sell gas from its D-6 lease (short for Dhirubhai-6, after the Ambanis’ late father) to Reliance Natural Resources for 17 years at $2.34 per million British thermal units. In 2007 the government stepped in, invoking its right under the lease to vet sales contracts, raising the price to $4.20. In June Bombay’s High Court upheld the terms of the original agreement. Reliance Industries, which promptly appealed against the judgment in the Supreme Court, argues that it cannot produce the gas at the lower price because of increased costs.
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