ADAG Chairman Anil Ambani on Friday said his group had no immediate plans to seek review of the Supreme Court verdict that rejected cheap gas to group firm RNRL from Mukesh Ambani-led RIL.
"RNRL looks forward to expeditious and successful renegotiations with RIL within the stipulated period of six weeks to secure gas supply for the group's power plants in line with the Supreme Court order," Ambani said after the judgement.
In the dispute, where RNRL sought gas at a concessional price of $2.34 per mmBtu as against the government approved $4.20 per mmBtu, the Supreme Court said the government has the last word on pricing and usage.
It also asked RIL and RNRL to renegotiate gas supply terms within six weeks. "RNRL has currently no plans to file a review petition in the Supreme Court," Ambani said.
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