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Supreme Court allows Reliance Industries to proceed with arbitration in London: Report

28 May 2014 Evaluate

Reliance Industries has reportedly received approval from Supreme Court for arbitration in London in its dispute with the Centre on the Panna-Mukta-Tapti Gas basin. The apex court has quashed the Delhi High Court order by which it had agreed to hear the Centre’s plea against foreign arbitration.

RIL is an oil refining, petrochemicals and upstream (mainly natural gas at present) company. It has two highly complex refineries with combined capacity of 1.24 million barrels per day and domestic proved reserves of 660 million barrel of oil equivalent as at end-March 2013.

Reliance Industries Share Price

1353.65 -8.95 (-0.66%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1353.65
Indian Oil Corp. 147.40
BPCL 318.05
HPCL 384.70
MRPL 180.75
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