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NTPC advised to move apex court on Reliance gas row

Category :India Sub Category :National,Business
2009-08-13 00:00:00
   Views : 398

Solicitor General Subramaniam in his opinion said: 'I regret to say that if international competitive bidding processes are intended to be treated with such disdain from responsible bidder (Reliance Industries), the world of business founded on trust and faith will break down... The fact that (NTPC) had to file a suit is a telling comment on the facts of the present case.'

NTPC is fighting to get gas at $2.34 per unit from Reliance Industries, which has challenged it on the grounds that government's stand on price would frustrate the deal.




Author :Indo Asian News Service



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