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Q.

Why it was in news yesterday?(15/06/09)

About: Company: Reliance Natural Resources Ltd.

Asked by sanjoy roy, 16 Jun '09 09:26 am
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Answers (4)

1.

What was the news?
Answered by AANEWS AGENCY, 04 Mar '10 07:18 am

 
  
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2.

BOMBAY HC RULING
RIL To Earn Less On 1/3rd Of Its Gas Production
THE Bombay High Court on Monday asked Reliance Industries (RIL) to sell gas at a sharply reduced price to an Anil Ambani group firm, causing some uncertainty in Indias nascent natural gas industry and delivering a sharp blow to the valuations of RIL, the countrys biggest private sector firm by market value.
In a move that is likely to have many significant and unintended consequences, the court asked Mukesh Ambanicontrolled RIL to sell gas at $2.34 per mmBtu to Reliance Natural Resources (RNRL), which is owned by the younger Ambani. This price is 44.2% lower than the $4.2 per mmBtu that RIL has agreed to charge power and fertiliser firms under recently-signed agreements, and which is based on a government-approved formula. RIL wanted the court to uphold the government-approved price, but the court sanctified the lower price of $2.34 per mmBtu, which is stipulated in an agreement signed between Mukesh and Anil at ...more
Answered by Shashi Kant Prasad, 16 Jun '09 01:48 pm

 
  
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3.

Ek bhai ki jeet hui aur ek bhai ki haar ..........
Answered by NAVEEN, 16 Jun '09 09:32 am

 
  
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4.

Court ruling in favour of RNRL that RIL should supply gas at 2.34 Dollar a unit against RIL's claim of about 4.5
Answered by Shashi LS, 16 Jun '09 09:30 am

 
  
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It is good to hold REL Energy on a long term stake. For short term gains it might not be the best bet...more

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