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Saturday, May 8, 2010

Mukesh Ambani Vs Anil Ambani :Who Will Win



In the first stage of the war between Anil Ambani and Mukesh Ambani,the High court had given decision that favoured Mr Anil Ambani.RIL decided to go to supreme court and the game has changed now.The Supreme Court has handed out an emphatic victory to Mukesh Ambani’s Reliance Industries (RIL), ruling that it need not supply gas to a company owned by estranged brother Anil at a previously agreed price, putting the profitability of many power plants of the younger sibling under threat and tightening government control over gas pricing. 

The ruling is a setback for Anil, chairman of the eponymous Anil Dhirubhai Ambani Group (ADAG), who wants to build more than 10,000 mw of power plants across the country using gas from RIL. But the ruling would help RIL avoid potential losses it might have incurred had it lost the case, forcing it to sell gas at a lower price of $2.34 per million British thermal units (mmBtu) mentioned in the family MoU that formed the basis of the division of RIL in 2005. 

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