RIL-NTPC gas deal may get a new life

NEW DELHI: Reliance Industries’ gas price settlement, expected to be formalised shortly, may have something in store for NTPC as well. Efforts are on by some members of the Empowered Group of Ministers (EGoM) to resurrect the NTPC-RIL gas deal. This comes even as the EGoM is in the final stages of building a consensus on the broad contours of RIL’s gas pricing formula. Government officials close to the EGoM proceedings said the matter will have to be examined cautiously as it is sub judice. “The EGoM will try to ensure that the decision on the price formula does not prejudice the case against NTPC,” an official said. Read More