Ambani Vs Ambani A dispute over the gas Presented by, Pabal Aniket Nishit Thakkar Vijay Prajapati Satyajeet kumar Pranit Kumar Introduction What is mean by KG basin? Krishna Godavari basin Discovery of KG basin October 2002 Capacity of KG basin Around 7 trillion cubic feet of natural gas was discovered by Reliance Area of KG basin The basin extends over 28,000 sq km on land and 24,000 sq km in shallow waters offshore and 18,000 sq km in deep water Production Oil production went up from 0.03 million tonnes to 0.29 million tonnes Products It has set up a mini refinery which distil about 1500 to 2000 barrels of crude oil a day into naphtha, high speed diesel, SKO,LSHS ONGC produces 44 lakh cubic meters of gas daily. Background of dispute Origin of the dispute 1. Dhirubhai Ambani died 2. MTN negotiation 3. Anil’s helicopter matter Role of Kokilaben Scenario of the “ family pact” Power struggle over gas Realiance is the india’s largest business group. According to the experts the family needs come together to define its principles & values. Power struggle over gas The current dispute is about the price of natural gas. Fight between two brothers should not matter to the nation. The government will a huge loss from its revenue sharing contract with mukesh. How much should Mr. Anil Ambani’s firm R.N.R.L. pay RIL for the gas? The price of us$2.34 was not decided by two brothers at the dinner table. Political Issue The Director General of Hydro carbons (DGH) has been accused of allowing RIL to gold plate the development cost of the gas fields. The Petroleum ministry has approved a disproportionate 400 % hike in the project cost of RI KG D6gas from US$2.4 billion To US$ 9 billion. The Petrol minister says the government navaratna NTPC must pay an 80 % higher gas price to Reliance Industries. Reliance Industries had it self voluntary offered to NTPC NTPC will suffer a loss up to US$ 6billiion, While RI makes super profit of nearly US$ 10 billion with the government getting only US$100 billion. Senior congress leader R.K. Dhawan has claim on RNRL to Power minister shushil kumar Shinde. RNRL is using NTPC as a front to achive its objective to receive prefential access to gas at a subsidized price. Strategy of Anil Ambani Anil Ambani filed plea against RIL along with NTPC He took the help of media He showed public deficit from it He provoked shareholders Conclusion Agreement is agreement Public interest Quiz When had held family agreement between Ambani brothers? What is the name of that block where RIL explores gas? What is the price per unit gas in family agreement? THANK YOU.
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