We're good corporate citizen: Mukesh Ambani



We`re good corporate citizen: Mukesh Ambani 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