RIL, RNRL face off in court over KG gas

MUMBAI: The final hearing of Reliance Industries (RIL) and Reliance Natural Resources (RNRL) ended in the Bombay High Court on Thursday with exciting arguments and counter arguments before Justice Anup Mohta. The judge asked counsels of both companies to give their submissions in writing in a week, following which the judgment may be pronounced. RNRL counsel Mukul Rohtagi completed his arguments seeking a firm supply of gas (28 mmscmd or 40 mmscmd as the case may be) for 17 years at $2.34 per mmbtu as agreed in the demerger scheme. In his arguments in the rejoinder, Mr Rohtagi said that RIL has to supply gas to RNRL not only from KG-D6 field but from all its fields under exploration and development.

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