RNRL has also charged RIL with malicious and dishonest intent. Not only this, the verbal war has gone a step further to the extent that RNRL is accusing RIL of being an obstacle in the development of the country’s power sector. Mukesh’s camp has, as usual, refrained from talking to media about the latest controversy. Add to it, the Petroleum Ministry, quite conveniently, ignored the fact that the terms of the RNRL covenant are similar to the RIL and NTPC deal, where price was arrived at via competitive bidding in 2004. Narayanan supports the view, “The main cause of the dispute between Mukesh (RIL) and Anil (RNRL) is the short-sighted, late awakening and slightly biased Petroleum Ministry.”
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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