RNRL is looking forward to expeditious and successful renegotiations with RIL within the stipulated six weeks time to secure gas supply for the Group's power plants in line with the Supreme Court order.
Supreme Court has safeguarded the interests of over 25 lakh RNRL shareholders by giving the guidelines for an expeditious finalisation of the gas supply agreement between RIL and RNRL. The apex court, in its ruling, directed that the arrangements for gas supply should not only be suitable to RIL but also the shareholders of RNRL, whose interests have to be fully protected.
By a majority judgment, the Supreme Court has upheld RNRL's case that the company petition filed by RNRL is maintainable and has also upheld the powers of the court to modify the scheme and to make it workable. The Supreme Court has also upheld that the MoU signed on June 18, 2005 formed the backdrop of the scheme and is the guiding force and the basis of the scheme of arrangements for business reorganisation of RIL.
crackcrack| Company Name | CMP |
|---|---|
| GAIL India | 157.80 |
| Gujarat Gas | 362.60 |
| Indraprastha Gas | 169.25 |
| Mahanagar Gas | 1125.45 |
| Adani Total Gas | 632.90 |
| View more.. | |
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