Gas row: Fert secy says family can’t come over nation | business | Hindustan Times
Today in New Delhi, India
Nov 18, 2017-Saturday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Gas row: Fert secy says family can’t come over nation

The Bombay High court’s ruling on giving 70 per cent of the initial volumes of gas produced by Reliance Industries from its KG basin D6 gas fields has put a question mark on the allocations made by the government to the 12 fertiliser companies.

business Updated: Jun 29, 2009 21:18 IST
HT Correspondent

The Bombay High court’s ruling on giving 70 per cent of the initial volumes of gas produced by Reliance Industries from its KG basin D6 gas fields has put a question mark on the allocations made by the government to the 12 fertiliser companies.

Irked by this, the fertiliser secretary, Atul Chaturvedi has shot off a letter to petroleum secretary RS Pandey stating that “any family settlement cannot over-ride the sovereign right of Government to formulate policies aimed at larger public interest.”

Chaturvedi said: “If such a private arrangement has implications on already signed Gas Sales and Purchase Agreements (GSPAs) for the allocated gas and if the existing rights of fertiliser companies are altered to their disadvantage, I am afraid they may also seek available legal remedies independently.”

Urea plants had been given the first priority in the gas produced by Reliance D6 gas fields, but the Bombay High Court had given priority to Anil Ambani Group's RNRL.