‘RNRL’s intervention will weaken NTPC’s case against RIL’

Reliance Industries said Anil Ambani Group firm RNRL's intervention in its legal row with power PSU NTPC over gas supply will weaken the state-run company's case to get fuel at a rate 44 per cent cheaper than the government-approved rate.

Reliance Industries said Anil Ambani Group firm RNRL’s intervention in its legal row with power PSU NTPC over gas supply will weaken the state-run company’s case to get fuel at a rate 44 per cent cheaper than the government-approved rate.

Reliance Natural Resources (RNRL) today moved the Supreme Court seeking permission to become a party to NTPC’s case against RIL for getting natural gas at USD 2.34 per million British thermal unit.

“RNRL’s application for intervention in RIL-NTPC case in the Supreme Court further weakens the NTPC’s case as the Government has categorically mentioned in its Interlocutory Application that both the cases are different from each other,” an RIL official,who did not want to be named,said.

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The Government in its IA made a distinction between NTPC and RNRL seeking gas from RIL on the same terms,saying the PSU’s case was based on an international tender it floated for sourcing gas while Anil Ambani Group firm’s claim was based on a private family agreement.

“In the RNRL’s case,the Government had rejected the price of USD 2.34 per mmBtu as it was not an arm’s length price,” the RIL official said.

He alleged NTPC’s failure to sign a contract with RIL for sourcing 2.67 million cubic meters per day of gas that the Government allocated to its plants other than the Kawas and Gandhar expansion projects,to its “nexus” with RNRL.

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