RIL offers to settle NTPC gas case out of court

The largest corporate house of India, Reliance Industries RIL offers to settle NTPC gas case out of court(RIL), has expressed its desire to sort out NTPC issue with dialogue. Currently, the matter is in courts due to dispute over gas supply from its Krishna-Godavari gas fields. 

The matter is also a major cause of fight between the power and petroleum ministries. The case of NTPC got weakened when the petroleum ministry’s counsel TS Doabia informed the Bombay HC about the incompletion of agreement between RIL and NTPC.

The lawyer of RIL, Milind Sathe said in the Bombay High Court that the matter should be resolved amicably. However, the advocate general, Ravi Kadam opposed any such move. Meanwhile, the court has asked both parties to explore possibility of amicable solution of the matter. 

The next hearing of the case would be scheduled on November 11.

It is recalled that the state owned NTP filed a suit against RIL in December 2005 over supply of 12 mmscmd of gas per day for 17 years for its two power plants in Gujarat as per agreement. But RIL din not sign the final agreement and the case went to court.