RNRL-Reliance Industries Case - Verdict on gas sharing likely today

Date: 15-06-2009

The long-awaited verdict in the Ambani family feud over sharing of natural gas from Reliance Industries Ltd (RIL) controlled Krishna Godavari basin gas field is expected to be delivered today. A Division Bench of the Bombay High Court comprising Mr Justice J.N. Patel and Mr Justice K.K. Tated would deliver the judgment.

 

In 2006, Reliance Natural Resources Ltd (RNRL) led by Mr Anil Ambani had asked the court to give direction to RIL to ensure supply of 28 mmscmd gas on the lines of the earlier NTPC-RIL contract price of $ 2.34/mmbtu.

 

RNRL is entitled to receive gas under the original Reliance group demerger agreement. RNRL had also sought court directions so that the Gas Supply Master Agreement (GSMA) which was entered into by the two companies in January 2006 could be amended.

 

During the arguments, RNRL had alleged the GSMA was one-sided and, therefore, it could not undertake large-scale gas-based power projects in Dadri, Uttar Pradesh. RIL, throughout its arguments before the court, had maintained that gas could not be supplied to RNRL or any other company for lesser than $4.20/mmbtu, as the price has been decided by the Empowered Group of Ministers. crackcrack
Latest Financials

Latest Financials

 - Reliance Industries Ltd.

  Standalone Consolidated
TTM EPS (Rs) 55.47 62.45
TTM Sales (Rs. Cr.) 4,00,986 6,22,809
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
639.41 611.33
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
3,98,983 3,81,186
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
2.00 2.09
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
23.03 20.46
From the Market
52 Week High / Low (Rs) 1417.00/941.35
All Time High / Low (Rs) 1417.00/9.02
Volume Traded 4,49,975
Market Cap (Rs. Cr.) 8,09,812
Equity (Rs. Cr.) 6,339.04
Face Value (Rs) 10
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
18.05
1277.50 0.00 (0.00%)
Jun 19, 18:59
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