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Sunday, Oct 17, 2021
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How Long Can You Hold Your Nerve Gas?

Mukesh's RIL can now produce twice as much gas as was envisaged. Can he renege on the deal with Anil and shatter the latter's dream to build the world's largest gas-based power plant?

How Long Can You Hold Your Nerve Gas?
How Long Can You Hold Your Nerve Gas?
outlookindia.com
-0001-11-30T00:00:00+05:53
Mukesh Ambani put this plan into action without many people knowing about it. The one person who had definitely no inkling about its outline or ramification was his estranged brother, Anil. It turned out to be a masterstroke that seems to have put Anil on the backfoot. For those who've been keenly watching the slanging match between the Ambanis, especially after their bitter separation in June 2005, this was another tactic in the ongoing war between the siblings, vying to sidetrack each other.

But, as is usual with the Ambanis, the move was couched as one that involved national interest. It's got nothing to do with the family split; it had to do with solving a national crisis, and save thousands of crores of rupees for the state. It was a typical Mukesh ploy to kill as many birds as possible with one stone. If it works, he could enthuse the government, solve a macro problem, excite his domestic and foreign shareholders, and probably hammer the last nail in Anil's 'ambition coffin'.

The strategy was disclosed on November 1, 2006, when...
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