E-Paper
SC to hear NTPC-RIL gas dispute today
NTPC had moved the Supreme Court challenging the Bombay High Court's decision that allowed Reliance Industries to amend its petition on the gas dispute saying the government's policy would render the deal with power PSU infractuous.
The Supreme Court will hear today power PSU NTPC's petition against Mukesh Ambani-led RIL group for seeking gas at a contractual price.
NTPC had moved the Supreme Court challenging the Bombay High Court's decision that allowed Reliance Industries to amend its petition on the gas dispute saying the government's policy would render the deal with power PSU infractuous.
A division bench of the the Bombay High Court had allowed amendment in the petition wherein RIL had prayed that the government's policy on pricing of gas would frustrate its contract with NTPC.
The power PSU had sought 12 mmscmd gas from RIL, which had emerged winner in an international competitive bid quoting a price of USD 2.34 per mmBtu.
With NTPC's appeal, the apex court may also hear Anil Ambani Group firm RNRL's applications seeking to make NTPC as a party in its ongoing dispute with RIL and also to join as a party to the special leave petition filed by NTPC.
