What The Verdict Means
Gasified Assets
An HC ruling on how the Ambanis should share gas raises questions
Guarantees Anil gas from RIL’s KG basin block at 44% below listed govt price. Asks Ambanis to sort it out, reveals Anil has first right to 40% of RIL’s gas from all blocks.
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What Remains Unanswered
- Is the gas allocation policy subservient to private pacts?
- Can a sub judice deal with NTPC determine the price at which gas will be sold?
- How will this affect the govt’s return on investment?
- Who will compensate govt for gas sold below set price?
- Can private investors divide gas/oil in perpetuity?
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The Way Ahead?
Legal battle may continue; govt is studying the impact on its revenues and the public interest.
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