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Sunday, Oct 17, 2021
Outlook.com

Turn That Lever

It's time Reliance's wrangle over gas ended

Turn That Lever
Atul Loke
Turn That Lever
outlookindia.com
-0001-11-30T00:00:00+05:53
Stepping On The Gas
  • Strong buzz that Ambani brothers are patching up on the K-G gas issue
  • Government clears desks, assures gas supply to Anil's Dadri power plant
  • Both sides deny talk of a settlement; court battle will continue
  • Time is running out as gas production slated to begin by Feb-end

***

The jungle drums are signalling yet another twist in the bitter fight between Mukesh and Anil Ambani. Egged on by their mother, have the Ambani siblings decided to sign a truce? While even fresh group realignments are being talked about—and being denied by both sides—it's safe to assume the focus is on the biggest conflict over the pricing and supply of gas from Reliance Industries' (RIL) field in the Krishna-Godavari basin.

Many hint at all this talk being but a game to shore up battered valuations of both sides' companies. But the market is convinced that something is up—despite no outward sign of a softening of positions...
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