The Bombay High Court, on Monday, asked the Mukesh Ambani-led Reliance Industries (RIL) to provide assured supply of 28 million metric standard cubic metres per day (mmscmd) of natural gas to Reliance Natural Resources (RNRL) for a period of 17 years at a price of $2.4 per mmBtu, according to a popular business channel.
The court, has further directed both parties to enter into a suitable agreement in a month’s time. The two warring Ambani brothers have also been told to seek further direction from their mother — Kokilaben.
Reliance Natural Resources is currently trading at Rs 103, up by 15.70 points or 17.98% from its previous closing of Rs 87.30 on the BSE.