The MOU stipulated that RIL would offer RNRL
supply of 28 mmscmd of gas for 17 years at $2.34 per million metric British thermal unit (mmBtu) but the Supreme Court quashed the private deal, saying RIL was not bound to honor it.
India-based Reliance Natural Resources Limited (Reliance Natural Resources) (BSE: 532709) (RNRL
) has announced that Reliance Industries Limited (Reliance Industries) (RIL)(500325.BY) is aiming to sell natural gas at USD4.20 per million British thermal unit instead of USD2.34.
There's no denying there's plenty at stake including the future of RIL, in which gas & amp; oil exploration has the potential to emerge as the biggest business (bigger than refining & amp; petrochemicals), and the future of Anil's RNRL
, the company that will buy the gas.
" The investigations revealed that M/ s RelInfra and M/ s RNRL
were prima facie responsible for misrepresenting the nature of investments in ' yield management certificates/ deposits', and the profits and losses ther
Sibal, Directorate General of Hydrocarbons (DGH), to get the official view on critical issues of cost, price and eligibility of gas for RNRL
Companies including Reliance Industries Ltd ( RIL), Reliance Natural Resources Ltd ( RNRL
) and Genpact have expressed interest in exploring shale gas in India.
Ambani, however, did not say when Reliance Industries would be entering into a new Gas Sales and Purchase Agreement (GSPA) with Anil's Reliance Natural Resources Ltd (RNRL
) as had been ordered by the apex court.
THE Securities and Exchange Board of India ( Sebi) on Monday issued notices to two Anil Dhirubhai Ambani Group ( ADAG) companies -- Reliance Natural Resources Ltd ( RNRL
) and Reliance Infrastructure Ltd -- said to be for violation of some of its rules.
Mumbai, June 8 (ANI): Reliance Natural Resources Limited (RNRL
) chief Anil Ambani on Tuesday withdrew a Rs 10,000 crore defamation case against elder brother and Reliance Industries Limited (RIL) chief Mukesh Ambani in the Bombay High Court.
Ranjit Kapadia, vice-president-institutional research of HDFC Securities, said, "Trading was lacklustre and the main indices remained in a narrow range." The only major news was about Reliance Natural Resources Ltd (RNRL
), which tanked by over 27 per cent or Rs 17.35 per share to Rs 46.30.
New Delhi, May 12 (ANI): Reliance Natural Resources Limited (RNRL
) chief Anil Ambani met Prime Minister Dr Manmohan Singh at his official residence on Wednesday morning and reportedly expressed his views on the Supreme Court's verdict on the Krishna Godavari Basin Gas row.
ANIL Ambani- owned Reliance Power Ltd ( RPower) will absorb its sister firm Reliance Natural Resources Ltd ( RNRL
) in a share swap deal valued at over Rs 7,000 crore ($ 1.5 billion), the company announced on Sunday.