Reliance Natural Resources Ltd. (532709.BY) Monday filed an application in India’s apex court seeking to join the legal battle between Reliance Industries Ltd. (500325.BY) and NTPC Ltd. (532555.BY), the CNBC-TV18 television channel reported Monday.
According to the report, RNRL – which is fighting a separate legal battle with RIL over the pricing and supply of natural gas – said in the application that its interests were identical to that of NTPC and the court’s decision will impact RNRL’s dispute with RIL.
State-run power producer NTPC and RIL are fighting over the implementation of a gas supply pact agreed in 2005. Under the pact, RIL was to supply 12 million metric cubic meters a day of gas from its D6 block in the Krishna Godavari basin off India’s east coast at $2.34 per million metric British thermal unit to NTPC.
Early this month, NTPC approached the Supreme court, challenging a ruling by the Bombay High Court that allowed RIL to amend its petition on their gas dispute.
RNRL has filed a separate case in the Supreme Court against RIL for not implementing a gas supply agreement. The apex court will take up this case for hearing next month.