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RIL gas woes: CoS reject RIL gas formula

PUBLISHED ON: August 7, 2007

   
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Reliance Industries, which is operating the KG basin gas fields and its major buyers NTPC, RNRL cannot seem to agree on the pricing of gas.While Andhra Pradesh government wants gas at cheaper rates than what Reliance wants to sell, so does the Fertiliser Ministry. Now a Committee of Secretaries (CoS) headed by the Cabinet secretary has rejected RIL's gas price formula.
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