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Gas row hearing: Anil Ambani present in SC

Source: PTI
Last updated on: November 24, 2009 11:55 IST
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Anil AmbaniAnil Ambani was present in the Supreme Court on Tuesday for the ongoing hearing of the gas row between his group Reliance Natural Resources Limited and his brother's Reliance Industries Limited.

"My presence in the Hon'ble Supreme Court reflects my deepest regard for our judiciary," Ambani said in a brief statement to the media.

"I have come here today not just on my own behalf but on behalf of nearly 11 million shareholders of the Reliance ADA Group-the largest shareholding family in the world-whose interests will be directly affected by the outcome of this case," he said.

The Ambani brothers are locked in a bitter battle over the supply and price of the gas from KG basin.

While RNRL is seeking gas at a committed price of $2.34 per unit, RIL says it cannot honour the commitment made in the 2005 family agreement due to government's pricing and gas policies.

Image: Anil Ambani

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