Mukesh Ambani may be finding more and more gas in India deep-waters but he still does not know what price he will get for all that gas. Bombay High Court on Wednesday heard the RIL-RNRL case. Even as the case was deferred, the good news for senior Ambani is that government can go ahead and approve the price.
In the case where RIL was prevented from selling the gas to any third party except for NTPC and RNRL, the hearing will now take place after two months. The only relief the Bombay HC has given is to allow the government to fix the pricing of gas under the production sharing agreement.Court will now hear the main case and it has also clarified that nothing stops government from deciding on price under production sharing agreement, said Harish Salve, Reliance Industries Council.
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