RIL, Fert Cos: No Breakthrough
  • Prabha Hedge
  • Apr 01 2014

April 1: Reliance Industries will continue to supply gas to fertilizer companies at $4.2 per unit. The interim arrangement was reached after talks between the two parties remained inconclusive. Fertilizer companies wanted the existing $4.2 price, while RIL wanted the $8.4 per unit price reached as per the Rangarajan formula. Sumit Jha shares a detailed report on the inconclusive meeting.