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Reliance Industries Files Gas Case to Supreme Court

Bloomberg -- Billionaire Mukesh Ambani’s Reliance Industries Ltd. said it filed a petition to the Supreme Court challenging a lower court order to supply natural gas to Reliance Natural Resources Ltd. at a discount to the government-fixed rate.

Reliance Industries said in its petition that it can’t sell the gas from its Krishna Godavari field at a price lower than the $4.2 per million British thermal units set by the government. Company spokesman Tushar Pania confirmed that the petition had been filed today and declined to comment further.

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Submitted Jul 05, 2009 By: ziyulu

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Author	Topic: Reliance Industries Files Gas Case to Supreme Court	Post a Reply Back to Topics

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foxups Champion Author Toledo Posts:2,817 Points:554,110 Joined:Feb 2004	Message Posted: Jul 5, 2009 1:41:20 PM Ignore foxups Report Abuse greed greed greed
FordGuy48 Champion Author Albuquerque Posts:1,034 Points:259,470 Joined:Jul 2005	Message Posted: Jul 5, 2009 1:41:01 PM Ignore FordGuy48 Report Abuse "everyone wants more money so see OBAMA he is the controller of the usa money " The Wizard of Ob...............
no_monkey2002 Champion Author Tallahassee Posts:2,464 Points:865,955 Joined:Mar 2006	Message Posted: Jul 5, 2009 1:37:53 PM Ignore no_monkey2002 Report Abuse everyone wants more money so see OBAMA he is the controller of the usa money
LocalSpyGuy Champion Author Tampa Posts:1,576 Points:342,640 Joined:Nov 2008	Message Posted: Jul 5, 2009 1:35:34 PM Ignore LocalSpyGuy Report Abuse Sounds like they have a problem.
skippypa Champion Author Hawaii Posts:2,062 Points:476,215 Joined:Jun 2008	Message Posted: Jul 5, 2009 1:33:32 PM Ignore skippypa Report Abuse This only shows how greedy these companies are.
guyincognitoNY Champion Author New York Posts:1,943 Points:395,285 Joined:Sep 2008	Message Posted: Jul 5, 2009 1:31:48 PM Ignore guyincognitoNY Report Abuse greed
UTOrangeMan Champion Author Atlanta Posts:3,949 Points:555,025 Joined:Mar 2008	Message Posted: Jul 5, 2009 1:29:55 PM Ignore UTOrangeMan Report Abuse India and China own our jobs and our economy and obama wants to give them our freedom.
jimgraham Champion Author Akron Posts:3,877 Points:725,280 Joined:Oct 2007	Message Posted: Jul 5, 2009 1:28:47 PM Ignore jimgraham Report Abuse My advice would be either shut down the unprofitable field and take the tax write-off before the government nationalizes it - or - give it to the claimants as a settlement in full before the government nationalizes it - and still take a write-off!
arvo87 Champion Author New Mexico Posts:2,263 Points:451,675 Joined:Jul 2008	Message Posted: Jul 5, 2009 1:25:51 PM Ignore arvo87 Report Abuse that price is pretty low
LuckyD43 Champion Author Phoenix Posts:11,660 Points:1,332,845 Joined:Apr 2005	Message Posted: Jul 5, 2009 1:24:50 PM Ignore LuckyD43 Report Abuse It just goes to show that the richer they are, the more money they want.
kruk Champion Author London Posts:1,889 Points:212,425 Joined:Jan 2007	Message Posted: Jul 5, 2009 1:24:01 PM Ignore kruk Report Abuse bribe and corruption in India is at its best - now seems US is on the same track
papou Champion Author Tampa Posts:4,868 Points:755,000 Joined:Jul 2005	Message Posted: Jul 5, 2009 1:22:25 PM Ignore papou Report Abuse Greedy
baitmn Champion Author New Orleans Posts:2,548 Points:846,750 Joined:Sep 2006	Message Posted: Jul 5, 2009 1:22:11 PM Ignore baitmn Report Abuse Mr ambani just want more money corning his way
I10Express Champion Author San Antonio Posts:2,232 Points:375,395 Joined:Nov 2008	Message Posted: Jul 5, 2009 1:18:48 PM Ignore I10Express Report Abuse This is natural gas and the rich trying to get richer.
armstrmb Champion Author Houston Posts:3,889 Points:829,680 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:16:37 PM Ignore armstrmb Report Abuse This belongs in bombaygasprices.com.
DTGas Champion Author Ontario Posts:2,069 Points:416,320 Joined:Feb 2008	Message Posted: Jul 5, 2009 1:14:38 PM Ignore DTGas Report Abuse ditto-And how does this affect us?
dollarwatcher Champion Author Wisconsin Posts:1,544 Points:275,825 Joined:Mar 2007	Message Posted: Jul 5, 2009 1:12:58 PM Ignore dollarwatcher Report Abuse And how does this affect us?
dollarwatcher Champion Author Wisconsin Posts:1,544 Points:275,825 Joined:Mar 2007	Message Posted: Jul 5, 2009 1:12:21 PM Ignore dollarwatcher Report Abuse And how this affect us?
no1doc Champion Author Milwaukee Posts:3,756 Points:526,650 Joined:Oct 2007	Message Posted: Jul 5, 2009 1:11:16 PM Ignore no1doc Report Abuse Nixon's price fixing was a disaster. This sounds like some of the same.
PathfinderSC Champion Author South Carolina Posts:3,087 Points:571,960 Joined:Mar 2008	Message Posted: Jul 5, 2009 1:07:00 PM Ignore PathfinderSC Report Abuse If the Government is in it , Good luck.
THEDodgeman Champion Author Denver Posts:1,592 Points:687,035 Joined:Apr 2005	Message Posted: Jul 5, 2009 1:06:03 PM Ignore THEDodgeman Report Abuse They ALREADY GREEDY just want to be even more GREEDY.....RICH SOB should be couinter sued for a frivolous suit.
ccycles All-Star Author Missouri Posts:807 Points:635,670 Joined:Jun 2007	Message Posted: Jul 5, 2009 1:05:52 PM Ignore ccycles Report Abuse "bombaygasprices.com?"
EOCSSEABEE All-Star Author Detroit Posts:735 Points:208,520 Joined:Oct 2008	Message Posted: Jul 5, 2009 1:02:47 PM Ignore EOCSSEABEE Report Abuse And the rich want to be richer. If obama would pull his head out and allow us to mine are own, then the billionaire above would not be bothering anyone else because we could sell to them.
OnEmptyMO Champion Author St. Louis Posts:1,344 Points:412,170 Joined:Mar 2008	Message Posted: Jul 5, 2009 12:59:09 PM Ignore OnEmptyMO Report Abuse The reporter is from New Delhi, so I have to assume this article is about India. Am I correct?
highdesertman Sophomore Author Albuquerque Posts:224 Points:654,260 Joined:Mar 2005	Message Posted: Jul 5, 2009 12:57:38 PM Ignore highdesertman Report Abuse I'm sure that one might find this article more interesting, and perhaps even more understandable, if one lived in India. Did ziyulu really mean to post this to bombaygasprices.com?
smoketown Champion Author Cincinnati Posts:1,867 Points:399,065 Joined:Feb 2008	Message Posted: Jul 5, 2009 12:52:20 PM Ignore smoketown Report Abuse So, a government fixed rate, Whats new
RAC110 Champion Author Massachusetts Posts:1,448 Points:996,820 Joined:Mar 2003	Message Posted: Jul 5, 2009 12:49:30 PM Ignore RAC110 Report Abuse should be interesting to see the outcome of this
Prodaddy Champion Author Houston Posts:3,006 Points:753,960 Joined:May 2007	Message Posted: Jul 5, 2009 12:48:00 PM Ignore Prodaddy Report Abuse Why are they crying now??
checkum Champion Author St. Louis Posts:2,617 Points:477,980 Joined:Jan 2008	Message Posted: Jul 5, 2009 12:43:14 PM Ignore checkum Report Abuse poor babies
Patch44 Champion Author Buffalo Posts:2,470 Points:637,910 Joined:Oct 2007	Message Posted: Jul 5, 2009 12:42:34 PM Ignore Patch44 Report Abuse Feel bad about this article? I don't!