We`re good corporate citizen: Mukesh Ambani

Last Updated: Thursday, October 22, 2009 - 00:29

New Delhi: In an obvious dig at Anil Ambani
group firm RNRL, Mukesh Ambani has said RIL, as a "responsible
corporate citizen", has refrained from reacting to the media
propaganda on the gas dispute.

"We would like to assure all our stakeholders that our
objective is to act in a manner that is fully in consonance
with our respect for the law and is protective of the national
interests," the industrialist told in his annual letter to RIL
shareholders.

The company`s annual report for 2008-09 quoted Ambani`s
letter to shareholders, but it did not name as to who was
behind the media campaign.

Anil Ambani group had in August this year launched a
five-part advertising campaign in a number of national
dailies, wherein it had alleged a nexus between the Petroleum
Ministry and RIL to undermine the interests of RNRL.

"As a responsible corporate citizen, RIL has chosen to
refrain from reacting to the propaganda in the national media
with regards to the KG-D6 gas court case," RIL Chairman and
Managing Director Mukesh Ambani noted in the letter.

RIL and RNRL are locked in a long-running legal battle
over supply of gas from the Mukesh Ambani-led firm`s KG-D6
fields to the Anil Ambani group firm. The Supreme Court began
hearings yesterday on the case, in which the two parties have
cross-appeals related to a June 15 Bombay High Court ruling.

Bureau Report



First Published: Thursday, October 22, 2009 - 00:29

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