RIL diverting crores of Govt revenue: ADAG
An Anil Ambani group company has asked the Oil Ministry to stop RIL from charging marketing margin on gas, alleging that the Mukesh Ambani-led firm was not sharing the revenue and "diverting" crores of rupees which legitimately belong to the government.business Updated: Sep 28, 2009 14:54 IST
An Anil Ambani group company has asked the oil ministry to stop RIL from charging marketing margin on gas, alleging that the Mukesh Ambani-led firm was not sharing the revenue and "diverting" crores of rupees of the government's share.
In a letter to Petroleum Secretary R S Pandey, Reliance Infrastructure also sought to know whether RIL was entitled to charge the marketing margin despite the fact that "RIL is not sharing this part of sales consideration with the government.
"Thus, several crores of rupees that would belong to the government are being diverted by RIL".
Demanding an early resolution to the issue that whether Reliance Industries was justified to charge the marketing margin, R-Infra Vice-President Kamal Kant said in the letter: "You are requested to advise RIL to act in terms of the Bombay High Court order and continue to supply the gas on payment of 4.2 per mmBtu."
The letter coincided with the Power Secretary H S Brahma and state-run NTPC also questioning the marketing margin, which R-Infra has termed as "illegal" and declined to pay, prompting RIL to issue a notice for suspension of fuel to ADAG's power plant in Andhra Pradesh for payment default.
"The marketing margin being charged by RIL on sale of K-G D6 gas is fair and justified consideration for the risks and costs undertaken in the GSPA including such risks and costs beyond the delivery point," RIL President (Gas Business) wrote to Power Secretary HS Brahma.