Ambanis' war on Haryana SEZ intensifies | india | Hindustan Times
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Ambanis' war on Haryana SEZ intensifies

india Updated: Jun 24, 2006 23:19 IST
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Part-two of the Ambani war intensified on Saturday with Anil Ambani objecting to building an airport within the Mukesh Ambani-controlled SEZ in Haryana on the ground that the airport business was reserved for the Anil Dhirubhai Ambani Group, as per the Non-Compete Agreement between the two brothers.

Anil Ambani has already shot off a letter to the Mukesh Ambani-controlled Reliance Industries and the Haryana State Industrial Development Corporation pointing out that the power plant within the Rs 40,000 crore SEZ violates the NCA signed after the split.

"As per the agreement executed on June 18, 2005, airports are reserved for the ADA Group", a source in ADAG Reliance Energy said. However, an official in the Mukesh Ambani Group said that for the Reliance Industies, it is a non-issue. "Reliance has fulfilled all its commitments and obligations. It will follow the same principles in future as well", he said.