The Reliance Industries counter witnessed large volume of 62.78lakh shares in initial trade as opposed to a standard everyday volume of 11.40lakh shares in the last single quarter.

Asserting that RIL was trying to get rid of gas supply agreements with NTPC and itself, RNRL today appealed to the Supreme Court to turn the power PSU a party to its continuing case against RIL.

RNRL has again hit at RIL for indicting an unlawful and unofficial marketing margin of Rs.6.6 per mBtu on the trade of gas from the undecided KG basin D-6 mines.

Reliance Natural Resources has informed the Supreme Court in a proposal to corner the government from its disagreement with Reliance Industries that the government has no part to play either in the consumption or the fixation of gas cost in its agreement with RIL.

RNRL on Wednesday informed the Supreme Court that the government has no part to play either in the deployment or the fixation of gas fee as per its agreement with RIL.

NTPC has stated that it would ink the gas sale-purchase agreement with Reliance Industries at Rs.205.38 on each mmBtu, the rate fixed by the government for its ventures other than those at Gandhar and Kawas, quoting some unsettled terms and conditions with its equivalent.

Reliance Industries has blamed NTPC in a latest development that even with a joint agreement it had inked a deal in December 2005 to supply natural gas to NTPC at $2.34 per mBtu for 17 years, the state-led power producer never shared the contract arrangement.

GAIL India has inked a Gas Sales and Purchase Agreement with Reliance Industries to provide gas from the latter’s oil mines in the KG basin in the eastern offshore.

Reliance Industries has received rights to retail CNG to vehicles and pipe gas to family units in 2 cities of Madhya Pradesh and Andhra Pradesh.

Reliance Industries has hit back for opening what it refers as a ‘malicious, mischievous, baseless and ill-informed’ media movement in opposition to its KG gas basin growth outlay. RIL wants such enterprise to be pinched.