A day after the govt moved an
application in the Supreme Court with the twin aims of protecting its own and NTPC`s interests in the Ambani gas row, the Power Ministry said the state-run firm will not file
a separate plea.
With improvement in the stock market, the government is looking at divesting another 10 percent stake in the largest power generation company NTPC, which may also raise fresh equity to part finance its expansion programme.
The Supreme Court is likely to
defer the gas dispute between Mukesh Ambani group firm RIL and
Anil Ambani group company RNRL to September four, as the Chief
Justice may lead a Constitutional Bench the same day.
Mukesh Ambani-led RIL on Thursday hit
at state owned NTPC for "misleading" the government by saying
that it was not aware of the condition that the price of gas
to be supplied to it was subject to Centre`s approval.
RNRL on Tuesday welcomed the govt`s move to protect NTPC`s interest on sourcing gas from Reliance Industries, saying effective legal steps will defeat the Mukesh Ambani firm`s "malafide attempts to dishonour" its commitment.
A panel of ministers on Tuesday believed to have decided to incorporate in the government`s petition before Supreme Court, power PSU NTPC`s claim for natural gas from Mukesh Ambani-led RIL at a price committed in 2004.
Power PSU NTPC will wait for a ministerial panel on gas to make up its mind before moving the Supreme Court on a gas supply dispute with Reliance Industries, Power Minister Sushilkumar Shinde said on Friday.
A day after Petroleum Ministry
threw its weight behind NTPC in its legal fight against
Reliance Industries, Power Minister Sushilkumar Shinde on Thursday said his ministry had no differences on the issue with the Oil Ministry.